@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{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{GlaserSchmitz2007,
  author    = {Glaser, Markus and Schmitz, Philipp},
  title     = {Privatanleger am Optionsscheinmarkt},
  series = {Zeitschrift f{\"u}r Bankrecht und Bankwirtschaft : ZBB},
  volume    = {Jg. 19},
  journal   = {Zeitschrift f{\"u}r Bankrecht und Bankwirtschaft : ZBB},
  number    = {H. 3},
  issn      = {0936-2800},
  pages     = {214 -- 230},
  year      = {2007},
  language  = {de}
}
@article{GlaserSchmitz2006,
  author    = {Glaser, Markus and Schmitz, Philipp},
  title     = {Privatanleger am Optionsscheinmarkt},
  pages     = {1 -- 46},
  year      = {2006},
  language  = {de}
}
@article{HirschKleebergSchmitz2018,
  author    = {Hirsch, Marko and Kleeberg, Jochen and Schmitz, Philipp},
  title     = {Dynamische Asset-Allocation- Strategien im Niedrigzinsumfeld},
  series = {Absolut|report : neue Perspektiven f{\"u}r institutionelle Investoren},
  journal   = {Absolut|report : neue Perspektiven f{\"u}r institutionelle Investoren},
  number    = {6},
  publisher = {Absolut Research},
  address   = {Hamburg},
  pages     = {52},
  year      = {2018},
  language  = {de}
}
@inproceedings{PhilippBrillowskiDammersetal.2020,
  author    = {Philipp, Brauner and Brillowski, Florian Sascha and Dammers, Hannah and K{\"o}nigs, Peter and Kordtomeikel, Frauke Carole and Petruck, Henning and Schaar, Anne Kathrin and Schmitz, Seth and Steuer-Dankert, Linda and Mertens, Alexander and Gries, Thomas and Leicht-Scholten, Carmen and Nagel, Saskia K. and Nitsch, Verena and Schuh, G{\"u}nther and Ziefle, Martina},
  title     = {A research framework for human aspects in the internet of production: an intra-company perspective},
  series = {Advances in Manufacturing, Production Management and Process Control: Proceedings of the AHFE 2020 Virtual Conferences on Human Aspects of Advanced Manufacturing, Advanced Production Management and Process Control, and Additive Manufacturing, Modeling Systems and 3D Prototyping, July 16-20, 2020, USA},
  booktitle = {Advances in Manufacturing, Production Management and Process Control: Proceedings of the AHFE 2020 Virtual Conferences on Human Aspects of Advanced Manufacturing, Advanced Production Management and Process Control, and Additive Manufacturing, Modeling Systems and 3D Prototyping, July 16-20, 2020, USA},
  editor    = {Mrugalska, Beata and Trzcielinski, Stefan and Karwowski, Waldemar and Nicolantonio, Massimo Di and Roossi, Emilio},
  publisher = {Springer},
  address   = {Cham},
  isbn      = {978-3-030-51980-3},
  doi       = {10.1007/978-3-030-51981-0_1},
  pages     = {3 -- 17},
  year      = {2020},
  abstract  = {Digitalization in the production sector aims at transferring concepts and methods from the Internet of Things (IoT) to the industry and is, as a result, currently reshaping the production area. Besides technological progress, changes in work processes and organization are relevant for a successful implementation of the "Internet of Production" (IoP). Focusing on the labor organization and organizational procedures emphasizes to consider intra-company factors such as (user) acceptance, ethical issues, and ergonomics in the context of IoP approaches. In the scope of this paper, a research approach is presented that considers these aspects from an intra-company perspective by conducting studies on the shop floor, control level and management level of companies in the production area. Focused on four central dimensions—governance, organization, capabilities, and interfaces—this contribution presents a research framework that is focused on a systematic integration and consideration of human aspects in the realization of the IoP.},
  language  = {en}
}