TY - THES A1 - Schmitz, Philipp T1 - Empirical analyses of the trading behavior of individual investors in the warrant market Y1 - 2007 N1 - Mannheim, Univ., Diss., 2007 ER - TY - JOUR A1 - Schmitz, Philipp A1 - Weber, Martin T1 - Buying and selling behavior of individual investors in option-like securities Y1 - 2007 SP - 1 EP - 36 ER - TY - JOUR A1 - Schmitz, Philipp A1 - Weber, Martin T1 - Buying and selling behavior of individual investors in option-like securities JF - Die Betriebswirtschaft : DBW N2 - 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. KW - Bank-issued Warrants KW - Disposition Effect KW - Negative Feedback Trading KW - Trading Behavior KW - Individual Investors Y1 - 2012 U6 - https://doi.org/10.2139/ssrn.2055088 SN - 0342-7064 VL - 72 IS - 5 SP - 409 EP - 426 PB - Schäffer-Poeschel CY - Stuttgart ER - TY - JOUR A1 - Goedhuys, Micheline A1 - Janz, Norbert A1 - Mohnen, Pierre T1 - Knowledge-based productivity in “low-tech” industries: evidence from firms in developing countries JF - Industrial and corporate change N2 - 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. Y1 - 2014 U6 - https://doi.org/10.1093/icc/dtt006 SN - 1464-3650 (E-Journal); 0960-6491 (Print) VL - 23 IS - 1 SP - 1 EP - 23 PB - Oxford University Press CY - Oxford ER - TY - CHAP A1 - Herzwurm, Georg A1 - Pietsch, Wolfram T1 - Introduction of RePriCo’13 T2 - 19th International Working Conference on Requirements Engineering: Foundation for Software Quality (REFSQ 2013) : proceedings of the REFSQ 2013 Workshops CreaRE, IWSPM, and RePriCo, the REFSQ 2013 Empirical Track (Empirical Live Experiment and Empirical Research Fair), the REFSQ 2013 Doctoral Symposium, and the REFSQ 2013 Poster Session. ICB-research report. No. 56 Y1 - 2013 SN - ISSN 1860-2770 (Print ) ; ISSN 1866-5101 (Online) SP - 103 EP - 105 PB - Duisburg-Essen CY - Univ. ER - TY - CHAP A1 - Fredebeul-Krein, Markus A1 - Steingröver, Markus T1 - Enhancing broadband development and internet usages for improving networks and services in APEC member economies: Bridging the digital divide T2 - The 19th ITS Biennial Conference 2012 “Moving Forward with Future Technologies: Opening a Platform for All” 18 - 21 November 2012, Thailand Y1 - 2013 PB - ITS CY - Bangkok ER - TY - CHAP A1 - Jacobs, Stephan ED - Bleek, Wolf-Gideon T1 - Towards integration driven design : experience report T2 - Software Engineering 2007 : Beiträge zu den Workshops ; Fachtagung des GI-Fachbereichs Softwaretechnik ; 27. - 30.03.2007 in Hamburg. - (GI-Edition : Proceedings ; 106) Y1 - 2007 SN - 978-3-88579-200-0 SP - 143 EP - 150 PB - Ges. für Informatik CY - Bonn ER - TY - JOUR A1 - Lindemann, Markus A1 - Runge, Alexander T1 - Permanent IT-support in electronic commerce transactions JF - Electronic markets : the international journal of networked business. Vol. 7 (1997), iss. 1 Y1 - 1997 SN - 1422-8890 SP - 18 EP - 20 ER - TY - CHAP A1 - Klein, Stefan A1 - Lindemann, Markus ED - Vogel, Douglas R. T1 - New architectures for web-enabled EDI-applications and their impact on VANS T2 - Global business in practice : proceedings of the Tenth International Bled Electronic Commerce Conference BLED '97, Bled, Slovenia, June 9-11 1997 Y1 - 1997 SP - 556 EP - 573 PB - Moderna organizacija CY - Kranj ER - TY - CHAP A1 - Schmid, Beat F. A1 - Lindemann, Markus T1 - Elements of a reference model for electronic markets T2 - System sciences : proceedings. Vol. 4: Internet and the digital economy track / Thirty-first Hawaii International Conference on Systems Science : HICSS'98, Big Island of Hawaii, January 6-9, 1998 / ed. by Robert W. Blanning and David R. King. IEEE catalog ; 98TB100216 Y1 - 1998 SN - 0-8186-8242-6 SP - 193 EP - 201 PB - IEEE Computer Society Pr. CY - Los Alamos, CA ER -