Implications of securitization:
Gespeichert in:
1. Verfasser: | |
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Format: | Abschlussarbeit Buch |
Sprache: | English |
Veröffentlicht: |
2012
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Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | IV, 110 S. graph. Darst. |
Internformat
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Datensatz im Suchindex
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adam_text | IMAGE 1
CONTENTS
LIST O F FIGURES I I I
LIST O F TABLES I V
E X E C U T I V E S U M M A R Y 1
RESEARCH OBJECTIVES, METHODS AND SCIENTIFIC CONTRIBUTIONS 3
REFERENCES 10
1 A R E M U T U A L F U N D FEES T O O H I G H ? 15
1.1 INTRODUCTION 16
1.2 THE MODEL 19
1.2.1 DIVERSIFICATION 20
1.2.2 DIRECT INVESTMENT 24
1.2.3 MUTUAL FUND INVESTMENT 25
1.2.4 CALIBRATION 26
1.3 NUMERICAL RESULTS 27
1.3.1 IMPACT OF RISK AVERSION 28
1.3.2 IMPACT OF CORRELATION 29
1.3.3 IMPACT OF TRANSACTION COSTS 31
1.3.4 IMPACT OF WEALTH LEVEL 32
1.3.5 IMPACT OF LENGTH OF INVESTMENT HORIZON 34
1.4 CONCLUSION 35
REFERENCES 36
2 A N E M P I R I C A L E V A L U A T I O N O F N O R M A T I V E C O M
M E R C I A L R E A L E S T A T E
S W A P P R I C I N G 4 1
2.1 INTRODUCTION 43
2.2 OBTAINING FAIR COMMERCIAL REAL ESTATE SWAP PRICES 45
2.3 INDEX RETURN FORECASTS 47
I
HTTP://D-NB.INFO/1022100629
IMAGE 2
2.3.1 VAR MODEL 47
2.3.2 D A T A 48
2.3.3 VAR RESULTS 48
2.3.4 FORECAST RESULTS 49
2.4 EQUILIBRIUM RISK PREMIUM OF APPRAISAL-BASED RETURNS 54
2.4.1 METHODOLOGY 54
2.4.2 RESULTS 58
2.5 FAIR SWAP PRICES 58
2.6 COMPARING ACTUAL MARKET PRICES WITH FAIR SWAP PRICES 61
2.7 CONCLUSION 65
REFERENCES 67
3 T H E R A T R A C E O F C A P I T A L S T R U C T U R E RESEARCH: T W
O S P O T S O N LEVER
A G E 7 1
3.1 INTRODUCTION 72
3.2 LITERATURE REVIEW 73
3.2.1 GENERAL MOTIVATION 73
3.2.2 SPOTLIGHT A: LEVERAGE, CASH & CASH EQUIVALENTS AND LINES OF
CREDIT 75
3.2.3 SPOTLIGHT B: LEVERAGE IS JUST A RATIO 76
3.2.4 RESEARCH GOAL FROM A BIRD S EYE 77
3.3 D A T A 79
3.3.1 (BALANCE SHEET) ITEMS DEFINING THE IDENTITY 80
3.3.2 INSTRUMENTS OF LIQUIDITY MANAGEMENT 81
3.3.3 TRADITIONAL CAPITAL STRUCTURE DETERMINANTS 81
3.3.4 ADDITIONAL DUMMIES APPROXIMATING FIRM CHARACTERISTICS . . . 82
3.3.5 DEALING WITH CROSS-INDUSTRY VARIATION 82
3.4 MODEL 83
3.5 RESULTS 89
3.5.1 SPOTLIGHT A 89
3.5.2 SPOTLIGHT B 91
3.5.3 BOOK LEVERAGE 94
3.6 CONCLUSION 95
REFERENCES 108
I I
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any_adam_object | 1 |
author | Steininger, Bertram I. |
author_GND | (DE-588)1022645692 |
author_facet | Steininger, Bertram I. |
author_role | aut |
author_sort | Steininger, Bertram I. |
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building | Verbundindex |
bvnumber | BV039959125 |
classification_rvk | QK 620 |
ctrlnum | (OCoLC)785851262 (DE-599)BVBBV039959125 |
discipline | Wirtschaftswissenschaften |
format | Thesis Book |
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spelling | Steininger, Bertram I. Verfasser (DE-588)1022645692 aut Implications of securitization von Bertram I. Steininger 2012 IV, 110 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Regensburg, Univ., Diss., 2012 Kapitalstruktur (DE-588)4125993-2 gnd rswk-swf Theorie (DE-588)4059787-8 gnd rswk-swf Rendite (DE-588)4049459-7 gnd rswk-swf Flexibilität (DE-588)4125037-0 gnd rswk-swf Swap (DE-588)4199581-8 gnd rswk-swf Leverage-Effekt (DE-588)4233251-5 gnd rswk-swf Bewertung (DE-588)4006340-9 gnd rswk-swf Gebühr (DE-588)4019583-1 gnd rswk-swf Immobilienmarkt (DE-588)4123416-9 gnd rswk-swf Offener Investmentfonds (DE-588)4305480-8 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Offener Investmentfonds (DE-588)4305480-8 s Gebühr (DE-588)4019583-1 s Rendite (DE-588)4049459-7 s DE-604 Immobilienmarkt (DE-588)4123416-9 s Swap (DE-588)4199581-8 s Bewertung (DE-588)4006340-9 s Kapitalstruktur (DE-588)4125993-2 s Flexibilität (DE-588)4125037-0 s Leverage-Effekt (DE-588)4233251-5 s Theorie (DE-588)4059787-8 s b DE-604 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024816895&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Steininger, Bertram I. Implications of securitization Kapitalstruktur (DE-588)4125993-2 gnd Theorie (DE-588)4059787-8 gnd Rendite (DE-588)4049459-7 gnd Flexibilität (DE-588)4125037-0 gnd Swap (DE-588)4199581-8 gnd Leverage-Effekt (DE-588)4233251-5 gnd Bewertung (DE-588)4006340-9 gnd Gebühr (DE-588)4019583-1 gnd Immobilienmarkt (DE-588)4123416-9 gnd Offener Investmentfonds (DE-588)4305480-8 gnd |
subject_GND | (DE-588)4125993-2 (DE-588)4059787-8 (DE-588)4049459-7 (DE-588)4125037-0 (DE-588)4199581-8 (DE-588)4233251-5 (DE-588)4006340-9 (DE-588)4019583-1 (DE-588)4123416-9 (DE-588)4305480-8 (DE-588)4113937-9 |
title | Implications of securitization |
title_auth | Implications of securitization |
title_exact_search | Implications of securitization |
title_full | Implications of securitization von Bertram I. Steininger |
title_fullStr | Implications of securitization von Bertram I. Steininger |
title_full_unstemmed | Implications of securitization von Bertram I. Steininger |
title_short | Implications of securitization |
title_sort | implications of securitization |
topic | Kapitalstruktur (DE-588)4125993-2 gnd Theorie (DE-588)4059787-8 gnd Rendite (DE-588)4049459-7 gnd Flexibilität (DE-588)4125037-0 gnd Swap (DE-588)4199581-8 gnd Leverage-Effekt (DE-588)4233251-5 gnd Bewertung (DE-588)4006340-9 gnd Gebühr (DE-588)4019583-1 gnd Immobilienmarkt (DE-588)4123416-9 gnd Offener Investmentfonds (DE-588)4305480-8 gnd |
topic_facet | Kapitalstruktur Theorie Rendite Flexibilität Swap Leverage-Effekt Bewertung Gebühr Immobilienmarkt Offener Investmentfonds Hochschulschrift |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024816895&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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