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 - 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 - INPR A1 - Schmülling, Max A1 - Gützlaff, Joel A1 - Czupalla, Markus T1 - A thermal simulation environment for moving objects on the lunar surface N2 - This paper presents a thermal simulation environment for moving objects on the lunar surface. The goal of the thermal simulation environment is to enable the reliable prediction of the temperature development of a given object on the lunar surface by providing the respective heat fluxes for a mission on a given travel path. The user can import any object geometry and freely define the path that the object should travel. Using the path of the object, the relevant lunar surface geometry is imported from a digital elevation model. The relevant parts of the lunar surface are determined based on distance to the defined path. A thermal model of these surface sections is generated, consisting of a porous layer on top and a denser layer below. The object is moved across the lunar surface, and its inclination is adapted depending on the slope of the terrain below it. Finally, a transient thermal analysis of the object and its environment is performed at several positions on its path and the results are visualized. The paper introduces details on the thermal modeling of the lunar surface, as well as its verification. Furthermore, the structure of the created software is presented. The robustness of the environment is verified with the help of sensitivity studies and possible improvements are presented. KW - Dynamic modeling KW - Thermal analysis KW - ESATAN-TMS KW - Lunar Surface KW - Thermal Model Y1 - 2024 U6 - https://doi.org/10.21203/rs.3.rs-3902363/v1 ER - TY - CHAP A1 - Schnabel, Eberhard A1 - Berndt, Heinz ED - Nesvadba, H. T1 - Zur selektive Abspaltbarkeit der t-Butyloxycarbonylgruppe T2 - Peptides 1971 : proceedings of the Eleventh European Peptide Symposium, Vienna, Austria, April 1971 Y1 - 1973 SN - 0-7204-4120-X SP - 69 EP - 70 PB - North-Holland Publ. [u.a.] CY - Amsterdam [u.a.] ER - TY - CHAP A1 - Schneckenburger, N. A1 - Franzen, N. A1 - Gligorevic, Snjezana A1 - Schnell, M. T1 - L-band compatibility of LDACS1 T2 - IEEE/AIAA 30th Digital Avionics Systems Conference (DASC) : 16 - 20 Oct. 2011, Seattle, Wash. Y1 - 2011 SN - 978-1-61284-797-9 SN - 2155-7195 SP - 4C3-1 EP - 4C3-11 ER - TY - CHAP A1 - Schneider, Dominik A1 - Wisselink, Frank A1 - Czarnecki, Christian A1 - Nölle, Nikolai T1 - Benefits and framework conditions for information-driven business models concerning the Internet of Things T2 - Digitalization in companies N2 - In the context of the increasing digitalization, the Internet of Things (IoT) is seen as a technological driver through which completely new business models can emerge in the interaction of different players. Identified key players include traditional industrial companies, municipalities and telecommunications companies. The latter, by providing connectivity, ensure that small devices with tiny batteries can be connected almost anywhere and directly to the Internet. There are already many IoT use cases on the market that provide simplification for end users, such as Philips Hue Tap. In addition to business models based on connectivity, there is great potential for information-driven business models that can support or enhance existing business models. One example is the IoT use case Park and Joy, which uses sensors to connect parking spaces and inform drivers about available parking spaces in real time. Information-driven business models can be based on data generated in IoT use cases. For example, a telecommunications company can add value by deriving more decision-relevant information – called insights – from data that is used to increase decision agility. In addition, insights can be monetized. The monetization of insights can only be sustainable, if careful attention is taken and frameworks are considered. In this chapter, the concept of information-driven business models is explained and illustrated with the concrete use case Park and Joy. In addition, the benefits, risks and framework conditions are discussed. Y1 - 2024 SN - 978-3-658-39093-8 (Print) SN - 978-3-658-39094-5 (eBook) U6 - https://doi.org/10.1007/978-3-658-39094-5_5 SP - 59 EP - 75 PB - Springer CY - Wiesbaden ER - TY - CHAP A1 - Schneider, Dominik A1 - Wisselink, Frank A1 - Nölle, Nikolai A1 - Czarnecki, Christian ED - Bruhn, Manfred ED - Hadwich, Karsten T1 - Influence of artificial intelligence on commercial interactions in the consumer market T2 - Automatisierung und Personalisierung von Dienstleistungen : Methoden – Potenziale – Einsatzfelder N2 - Recently, novel AI-based services have emerged in the consumer market. AI-based services can affect the way consumers take commercial decisions. Research on the influence of AI on commercial interactions is in its infancy. In this chapter, a framework creating a first overview of the influence of AI on commercial interactions is introduced. This framework summarizes the findings of comparing numerous customer journeys of novel AI-based services with corresponding non-AI equivalents. Y1 - 2020 SN - 978-3-658-30167-5 (Print) SN - 978-3-658-30168-2 (Online) U6 - https://doi.org/10.1007/978-3-658-30168-2_7 SP - 183 EP - 205 PB - Springer Gabler CY - Wiesbaden ER - TY - JOUR A1 - Schneider, Felix A1 - Tran, Duc Hung T1 - On the relation between the fair value option and bid-ask spreads: descriptive evidence on the recognition of credit risk changes under IFRS JF - Journal of Business Economics Y1 - 2018 U6 - https://doi.org/10.1007/s11573-015-0776-2 SN - 1861-8928 VL - 85 IS - 9 SP - 1049 EP - 1081 PB - Springer CY - Berlin ER - TY - CHAP A1 - Schneider, Oliver A1 - Al Hakim, Taher A1 - Kayser, Peter A1 - Digel, Ilya ED - Erni, Daniel ED - Fischerauer, Alice ED - Himmel, Jörg ED - Seeger, Thomas ED - Thelen, Klaus T1 - Development and trials of a test chamber for ultrasound-assisted sampling of living cells from solid surfaces T2 - 2nd YRA MedTech Symposium 2017 : June 8th - 9th / 2017 / Hochschule Ruhr-West Y1 - 2017 SN - 978-3-9814801-9-1 U6 - https://doi.org/10.17185/duepublico/43984 N1 - A young researchers track of the 7th IEEE Workshop & SENSORICA 2017 SP - 96 EP - 97 PB - Universität Duisburg-Essen CY - Duisburg ER - TY - CHAP A1 - Schnell, Michael A1 - Brandes, Sinja A1 - Gligorevic, Snjezana A1 - Walter, M. A1 - Rihacek, Christoph A1 - Sajatovic, Miodrag A1 - Haindl, Bernhard T1 - Interference mitigation for broadband L-DACS T2 - 27th IEEE/AIAA Digital Avionics Systems Conference : DASC 2008 : 26-30 Oct. 2008, St. Paul, Minn. Y1 - 2008 SN - 978-1-4244-2207-4 ; 978-1-4244-2208-1 SP - 2B2-1 EP - 2B2-12 ER -