Global Risk Premia on International Investments (eBook, PDF)

• Format: PDF

Produktbeschreibung

Capital investing has become a global business. More and more investors tend to allocate significant portions of their portfolios to international stock and bond markets. To successfully control the risk of globally diversified portfolios, asset managers need to have a distinct understanding of the forces influencing the returns on international financial markets. Peter Oertmann provides empirical evidence on the cross-sectional structure as well as the time-evolution of returns and expected returns on international stock and bond markets. Implementing unconditional as well as conditional beta pricing models, the author identifies global economic factors that affect the performance of international investments. The analysis reveals an association between global indicators of current and future economic health and the evolution of risk premia associated with these factors.

---

Dieser Download kann aus rechtlichen Gründen nur mit Rechnungsadresse in A, B, BG, CY, CZ, D, DK, EW, E, FIN, F, GR, HR, H, IRL, I, LT, L, LR, M, NL, PL, P, R, S, SLO, SK ausgeliefert werden.

Produktdetails

• Verlag: Deutscher Universitätsverlag
• Seitenzahl: 306
• Erscheinungstermin: 1. Juli 2013
• Deutsch
• ISBN-13: 9783663085287
• Artikelnr.: 53317558

Autorenporträt

Dr. Peter Oertmann ist Habilitand und Projektleiter am Schweizerischen Institut für Banken und Finanzen der Universität St. Gallen.

Inhaltsangabe

1 Introduction.- 2 The structure of beta pricing models.- 3 Beta pricing in an international environment.- 4 Empirical design.- 5 Characteristics of the input data.- 6 Global factors affecting the returns on international markets.- 7 Exploring the time-variation of expected returns on international markets.- 8 On contributions and practical implications of this study.