Windfall profit in portfolio diversification?: an empirical analysis of the potential benefits of renewable energy investments
Saved in:
| Main Author: | |
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| Format: | Electronic eBook |
| Language: | German |
| Published: |
Hamburg, Germany
Diplomica Verlag
2013
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| Subjects: | |
| Item Description: | Online resource; title from PDF cover (ebrary, viewed April 2, 2014) |
| Physical Description: | 1 online resource (108 pages) illustrations |
| ISBN: | 9783842837997 3842837992 9783842887992 |
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MARC
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| 100 | 1 | |a Bruns, Frederik |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Windfall profit in portfolio diversification? |b an empirical analysis of the potential benefits of renewable energy investments |c Frederik Bruns |
| 264 | 1 | |a Hamburg, Germany |b Diplomica Verlag |c 2013 | |
| 264 | 4 | |c © 2013 | |
| 300 | |a 1 online resource (108 pages) |b illustrations | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Online resource; title from PDF cover (ebrary, viewed April 2, 2014) | ||
| 505 | 8 | |a Windfall Profit inPortfolio Diversification?; Table of contents; List of abbreviations; List of figures; List of tables; 1 Introduction and literature overview; 2 Renewable Energy as an Alternative Asset class; 2.1 Classification; 2.1 Main characteristics; 2.3 Investors; 3 Modern Portfolio Theory; 3.1 Mean-variance framework; 3.2 Estimating correlation structures; 3.3 Optimal portfolios with investor liabilities; 4 Application to Renewable Energy investments; 4.1 Return distributions; 4.2 Diversification possibilities; 4.3 Discussion of the asset-only perspective; 4.4 Liability hedging credit | |
| 505 | 8 | |a 5 Empirical analysis5.1 Data; 5.2 Statistical analysis; 5.3 Empirical results; 6 Conclusion and outlook; Appendix; Appendix A: Renewable Energy instruments and remuneration; Appendix B: Discussion of the holding period return measure; Appendix C: Structure of the income statement for a wind farm; Appendix D: Empirical distributions of the wind farms; Appendix E: Proxy indices and discussion of the asset classes; Appendix F: Empirical distributions and autocorrelation of the asset classes; Appendix G: Value at Risk and Conditional Value at Risk | |
| 505 | 8 | |a Appendix H: Calculation of the optimal portfolios in themulti-asset frameworkAppendix I: Regressions for the wind portfolio; Appendix J: Security Market Line of the single-index model for wind; References | |
| 505 | 8 | |a Modern Portfolio Theory is a theory which was introduced by Markowitz, and which suggests the building of a portfolio with assets that have low or, in the best case, negative correlation. In times of financial crises, however, the positive diversification effect of a portfolio can fail when Traditional Assets are highly correlated. Therefore, many investors search for Alternative Asset classes, such as Renewable Energies, that tend to perform independently from capital market performance. 'Windfall Profit in Portfolio Diversification?' discusses the potential role of Renewable Energy inves | |
| 650 | 7 | |a BUSINESS & ECONOMICS / Finance |2 bisacsh | |
| 650 | 7 | |a Capital market |2 fast | |
| 650 | 7 | |a Investments |2 fast | |
| 650 | 7 | |a Portfolio management |2 fast | |
| 650 | 4 | |a Wirtschaft | |
| 650 | 4 | |a Investments |a Portfolio management |a Capital market | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Bruns, Frederik |t Windfall profit in portfolio diversification? : an empirical analysis of the potential benefits of renewable energy investments |
| 912 | |a ZDB-4-EBA | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-029196696 | ||
Record in the Search Index
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| any_adam_object | |
| author | Bruns, Frederik |
| author_facet | Bruns, Frederik |
| author_role | aut |
| author_sort | Bruns, Frederik |
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| building | Verbundindex |
| bvnumber | BV043785636 |
| collection | ZDB-4-EBA |
| contents | Windfall Profit inPortfolio Diversification?; Table of contents; List of abbreviations; List of figures; List of tables; 1 Introduction and literature overview; 2 Renewable Energy as an Alternative Asset class; 2.1 Classification; 2.1 Main characteristics; 2.3 Investors; 3 Modern Portfolio Theory; 3.1 Mean-variance framework; 3.2 Estimating correlation structures; 3.3 Optimal portfolios with investor liabilities; 4 Application to Renewable Energy investments; 4.1 Return distributions; 4.2 Diversification possibilities; 4.3 Discussion of the asset-only perspective; 4.4 Liability hedging credit 5 Empirical analysis5.1 Data; 5.2 Statistical analysis; 5.3 Empirical results; 6 Conclusion and outlook; Appendix; Appendix A: Renewable Energy instruments and remuneration; Appendix B: Discussion of the holding period return measure; Appendix C: Structure of the income statement for a wind farm; Appendix D: Empirical distributions of the wind farms; Appendix E: Proxy indices and discussion of the asset classes; Appendix F: Empirical distributions and autocorrelation of the asset classes; Appendix G: Value at Risk and Conditional Value at Risk Appendix H: Calculation of the optimal portfolios in themulti-asset frameworkAppendix I: Regressions for the wind portfolio; Appendix J: Security Market Line of the single-index model for wind; References Modern Portfolio Theory is a theory which was introduced by Markowitz, and which suggests the building of a portfolio with assets that have low or, in the best case, negative correlation. In times of financial crises, however, the positive diversification effect of a portfolio can fail when Traditional Assets are highly correlated. Therefore, many investors search for Alternative Asset classes, such as Renewable Energies, that tend to perform independently from capital market performance. 'Windfall Profit in Portfolio Diversification?' discusses the potential role of Renewable Energy inves |
| ctrlnum | (ZDB-4-EBA)ocn878144720 (OCoLC)878144720 (DE-599)BVBBV043785636 |
| dewey-full | 332.6 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.6 |
| dewey-search | 332.6 |
| dewey-sort | 3332.6 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV043785636 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T07:35:04Z |
| institution | BVB |
| isbn | 9783842837997 3842837992 9783842887992 |
| language | German |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-029196696 |
| oclc_num | 878144720 |
| open_access_boolean | |
| physical | 1 online resource (108 pages) illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | Diplomica Verlag |
| record_format | marc |
| spelling | Bruns, Frederik Verfasser aut Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments Frederik Bruns Hamburg, Germany Diplomica Verlag 2013 © 2013 1 online resource (108 pages) illustrations txt rdacontent c rdamedia cr rdacarrier Online resource; title from PDF cover (ebrary, viewed April 2, 2014) Windfall Profit inPortfolio Diversification?; Table of contents; List of abbreviations; List of figures; List of tables; 1 Introduction and literature overview; 2 Renewable Energy as an Alternative Asset class; 2.1 Classification; 2.1 Main characteristics; 2.3 Investors; 3 Modern Portfolio Theory; 3.1 Mean-variance framework; 3.2 Estimating correlation structures; 3.3 Optimal portfolios with investor liabilities; 4 Application to Renewable Energy investments; 4.1 Return distributions; 4.2 Diversification possibilities; 4.3 Discussion of the asset-only perspective; 4.4 Liability hedging credit 5 Empirical analysis5.1 Data; 5.2 Statistical analysis; 5.3 Empirical results; 6 Conclusion and outlook; Appendix; Appendix A: Renewable Energy instruments and remuneration; Appendix B: Discussion of the holding period return measure; Appendix C: Structure of the income statement for a wind farm; Appendix D: Empirical distributions of the wind farms; Appendix E: Proxy indices and discussion of the asset classes; Appendix F: Empirical distributions and autocorrelation of the asset classes; Appendix G: Value at Risk and Conditional Value at Risk Appendix H: Calculation of the optimal portfolios in themulti-asset frameworkAppendix I: Regressions for the wind portfolio; Appendix J: Security Market Line of the single-index model for wind; References Modern Portfolio Theory is a theory which was introduced by Markowitz, and which suggests the building of a portfolio with assets that have low or, in the best case, negative correlation. In times of financial crises, however, the positive diversification effect of a portfolio can fail when Traditional Assets are highly correlated. Therefore, many investors search for Alternative Asset classes, such as Renewable Energies, that tend to perform independently from capital market performance. 'Windfall Profit in Portfolio Diversification?' discusses the potential role of Renewable Energy inves BUSINESS & ECONOMICS / Finance bisacsh Capital market fast Investments fast Portfolio management fast Wirtschaft Investments Portfolio management Capital market Erscheint auch als Druck-Ausgabe Bruns, Frederik Windfall profit in portfolio diversification? : an empirical analysis of the potential benefits of renewable energy investments |
| spellingShingle | Bruns, Frederik Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments Windfall Profit inPortfolio Diversification?; Table of contents; List of abbreviations; List of figures; List of tables; 1 Introduction and literature overview; 2 Renewable Energy as an Alternative Asset class; 2.1 Classification; 2.1 Main characteristics; 2.3 Investors; 3 Modern Portfolio Theory; 3.1 Mean-variance framework; 3.2 Estimating correlation structures; 3.3 Optimal portfolios with investor liabilities; 4 Application to Renewable Energy investments; 4.1 Return distributions; 4.2 Diversification possibilities; 4.3 Discussion of the asset-only perspective; 4.4 Liability hedging credit 5 Empirical analysis5.1 Data; 5.2 Statistical analysis; 5.3 Empirical results; 6 Conclusion and outlook; Appendix; Appendix A: Renewable Energy instruments and remuneration; Appendix B: Discussion of the holding period return measure; Appendix C: Structure of the income statement for a wind farm; Appendix D: Empirical distributions of the wind farms; Appendix E: Proxy indices and discussion of the asset classes; Appendix F: Empirical distributions and autocorrelation of the asset classes; Appendix G: Value at Risk and Conditional Value at Risk Appendix H: Calculation of the optimal portfolios in themulti-asset frameworkAppendix I: Regressions for the wind portfolio; Appendix J: Security Market Line of the single-index model for wind; References Modern Portfolio Theory is a theory which was introduced by Markowitz, and which suggests the building of a portfolio with assets that have low or, in the best case, negative correlation. In times of financial crises, however, the positive diversification effect of a portfolio can fail when Traditional Assets are highly correlated. Therefore, many investors search for Alternative Asset classes, such as Renewable Energies, that tend to perform independently from capital market performance. 'Windfall Profit in Portfolio Diversification?' discusses the potential role of Renewable Energy inves BUSINESS & ECONOMICS / Finance bisacsh Capital market fast Investments fast Portfolio management fast Wirtschaft Investments Portfolio management Capital market |
| title | Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments |
| title_auth | Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments |
| title_exact_search | Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments |
| title_full | Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments Frederik Bruns |
| title_fullStr | Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments Frederik Bruns |
| title_full_unstemmed | Windfall profit in portfolio diversification? an empirical analysis of the potential benefits of renewable energy investments Frederik Bruns |
| title_short | Windfall profit in portfolio diversification? |
| title_sort | windfall profit in portfolio diversification an empirical analysis of the potential benefits of renewable energy investments |
| title_sub | an empirical analysis of the potential benefits of renewable energy investments |
| topic | BUSINESS & ECONOMICS / Finance bisacsh Capital market fast Investments fast Portfolio management fast Wirtschaft Investments Portfolio management Capital market |
| topic_facet | BUSINESS & ECONOMICS / Finance Capital market Investments Portfolio management Wirtschaft Investments Portfolio management Capital market |
| work_keys_str_mv | AT brunsfrederik windfallprofitinportfoliodiversificationanempiricalanalysisofthepotentialbenefitsofrenewableenergyinvestments |