@article{SchmitzWeber2007, author = {Schmitz, Philipp and Weber, Martin}, title = {Buying and selling behavior of individual investors in option-like securities}, pages = {1 -- 36}, year = {2007}, language = {en} } @article{SchmitzWeber2012, author = {Schmitz, Philipp and Weber, Martin}, title = {Buying and selling behavior of individual investors in option-like securities}, series = {Die Betriebswirtschaft : DBW}, volume = {72}, journal = {Die Betriebswirtschaft : DBW}, number = {5}, publisher = {Sch{\"a}ffer-Poeschel}, address = {Stuttgart}, issn = {0342-7064}, doi = {10.2139/ssrn.2055088}, pages = {409 -- 426}, year = {2012}, abstract = {We analyze the trading behavior of individual investors in option-like securities, namely bankissued warrants, and thus expand the growing literature of investors behavior to a new kind of securities. A unique data set from a large German discount broker gives us the opportunity to analyze the trading behavior of 1,454 investors, making 89,958 transactions in 6,724 warrants on 397 underlyings. In different logit regression, we make use of the facts that investors can speculate on rising and falling prices of the underlying with call and put warrants and that we also have information about the stock portfolios of the investors. We report several facts about the trading behavior of individual investors in warrants that are consistent with the literature on the behavior of individual investors in the stock market. The warrant investors buy calls and sell puts if the price of the underlying has decreased over the past trading days and they sell calls and buy puts if the price of the underlying has increased. That means, the investors follow negative feedback trading strategies in all four trading categories observed. In addition, we find strong evidence for the disposition effect for call as well as put warrants, which is reversed in December. The trading behavior is also influenced if the underlying reaches some exceptionally prices, e.g. highs, lows or the strike price. We show that hedging, as one natural candidate to buy puts, does not play an important role in the market for bank-issued warrants.}, language = {en} } @article{GoedhuysJanzMohnen2014, author = {Goedhuys, Micheline and Janz, Norbert and Mohnen, Pierre}, title = {Knowledge-based productivity in "low-tech" industries: evidence from firms in developing countries}, series = {Industrial and corporate change}, volume = {23}, journal = {Industrial and corporate change}, number = {1}, publisher = {Oxford University Press}, address = {Oxford}, issn = {1464-3650 (E-Journal); 0960-6491 (Print)}, doi = {10.1093/icc/dtt006}, pages = {1 -- 23}, year = {2014}, abstract = {Using firm-level data from five developing countries—Brazil, Ecuador, South Africa, Tanzania, and Bangladesh—and three industries—food processing, textiles, and the garments and leather products—this article examines the importance of various sources of knowledge for explaining productivity and formally tests whether sector- or country-specific characteristics dominate these relationships. Knowledge sources driving productivity appear mainly sector specific. Also differences in the level of development affect the effectiveness of knowledge sources. In the food processing sector, firms with higher educated managers are more productive, and in least-developed countries, additionally those with technology licenses and imported machinery and equipment. In the capital-intensive textiles sector, productivity is higher in firms that conduct R\&D. In the garments and leather products sector, higher education of the managers, licensing, and R\&D raise productivity.}, language = {en} } @article{LindemannRunge1997, author = {Lindemann, Markus and Runge, Alexander}, title = {Permanent IT-support in electronic commerce transactions}, series = {Electronic markets : the international journal of networked business. Vol. 7 (1997), iss. 1}, journal = {Electronic markets : the international journal of networked business. Vol. 7 (1997), iss. 1}, issn = {1422-8890}, pages = {18 -- 20}, year = {1997}, language = {en} } @article{LindemannSchmid1999, author = {Lindemann, Markus and Schmid, Beat F.}, title = {Framework for specifying, building and operating electronic markets}, series = {International journal of electronic commerce. Vol. 3 (1998/99), No. 2}, journal = {International journal of electronic commerce. Vol. 3 (1998/99), No. 2}, issn = {1086-4415}, pages = {7 -- 21}, year = {1999}, language = {en} } @article{PalmerLindemann2003, author = {Palmer, J. W. and Lindemann, Markus}, title = {Business models and market mechanisms : evaluating efficiency in consumer electronic markets}, series = {Data base and advanced information systems. Bd. 34 (2003), H. 2}, journal = {Data base and advanced information systems. Bd. 34 (2003), H. 2}, issn = {0105-9912}, pages = {23 -- 38}, year = {2003}, language = {en} } @article{Weigand2012, author = {Weigand, Christoph}, title = {Statistical Tests Based on Reliability and Precision}, series = {Economic Quality Control : EQC ; international journal for quality and reliability}, volume = {27}, journal = {Economic Quality Control : EQC ; international journal for quality and reliability}, number = {1}, publisher = {De Gruyter}, address = {Berlin}, issn = {1869-6147}, doi = {10.1515/eqc-2012-0002}, pages = {43 -- 64}, year = {2012}, abstract = {The construction of a statistical test is investigated which is based only on "reliability" and "precision" as quality criteria. The reliability of a statistical test is quantifiedin a straightforward way by the probability that the decision of the test is correct. However, the quantification of the precision of a statistical test is not at all evident. Thereforethe paper presents and discusses several approaches. Moreover the distinction of "nullhypothesis" and "alternative hypothesis" is not necessary any longer.}, language = {en} } @article{FredebeulKreinKnoben2010, author = {Fredebeul-Krein, Markus and Knoben, Werner}, title = {Long term risk sharing contracts as an approach to establish public-private partnerships for investment into next generation access networks}, series = {Telecommunications Policy}, volume = {34}, journal = {Telecommunications Policy}, number = {9}, isbn = {0308-5961}, pages = {528 -- 539}, year = {2010}, language = {en} } @article{FredebeulKreinSteingroever2009, author = {Fredebeul-Krein, Markus and Steingr{\"o}ver, Markus}, title = {Next Generation Access Networks: Why is there a higher risk of investment and how to deal with it?}, series = {Wettbewerbsprobleme im Internet / J{\"o}rn Kruse ... (Hrsg.). Mit Beitr. von: Patrick F. E. Beschorner ...}, journal = {Wettbewerbsprobleme im Internet / J{\"o}rn Kruse ... (Hrsg.). Mit Beitr. von: Patrick F. E. Beschorner ...}, publisher = {Nomos, Ed. Fischer}, address = {Baden-Baden}, isbn = {978-3-8329-5024-8}, pages = {83 -- 102}, year = {2009}, language = {en} } @article{Weigand2009, author = {Weigand, Christoph}, title = {Defining Precisions for Reliable Measurement and Estimation Procedures}, series = {Economic Quality Control. 24 (2009), H. 1}, journal = {Economic Quality Control. 24 (2009), H. 1}, publisher = {De Gruyter}, address = {Berlin}, isbn = {0940-5151}, pages = {5 -- 33}, year = {2009}, language = {en} }