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Behavioral finance: eine Alternative zur vorherrschenden Kapitalmarkttheorie?

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  • Roßbach, Peter

Abstract

Bei der Erklärung des Börsengeschehens ist die Psychologie einer der meistgenannten Begriffe. So weisen die Kurse teilweise ökonomisch kaum nachvollziehbare Schwankungen auf, und Studien gelangen zu dem Ergebnis, dass der Zusammenhang zwischen Kursen und Fundamentaldaten relativ gering ist.1 Ungeachtet der Aussagen der vorherrschenden Kapitalmarkttheorie investieren Banken und sonstige Investmenthäuser große Summen in Analyseabteilungen mit dem Ziel, durch entsprechende aktive Anlagestrategien die risikoäquivalenten Marktrenditen zu übertreffen.

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  • Roßbach, Peter, 2001. "Behavioral finance: eine Alternative zur vorherrschenden Kapitalmarkttheorie?," Frankfurt School - Working Paper Series 31, Frankfurt School of Finance and Management.
    • Handle: RePEc:zbw:fsfmwp:31
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    Cited by:

    1. Inklaar, Robert & Koetter, Michael & Noth, Felix, 2012. "Who's afraid of big bad banks? Bank competition, SME, and industry growth," Frankfurt School - Working Paper Series 197, Frankfurt School of Finance and Management.
    2. Overbeck, Ludger & Schmidt, Wolfgang M., 2003. "Modeling default dependence with threshold models," Frankfurt School - Working Paper Series 41, Frankfurt School of Finance and Management.
    3. Thomas Holtfort, 2019. "From standard to evolutionary finance: a literature survey," Management Review Quarterly, Springer, vol. 69(2), pages 207-232, June.
    4. Polleit, Thorsten, 2004. "The slowdown in German bank lending - revisited," Frankfurt School - Working Paper Series 53, Frankfurt School of Finance and Management.
    5. Boenkost, Wolfram & Schmidt, Wolfgang M., 2003. "Notes on convexity and quanto adjustments for interest rates and related options," Frankfurt School - Working Paper Series 47, Frankfurt School of Finance and Management.
    6. Kostka, Genia & Moslener, Ulf & Andreas, Jan G., 2011. "Barriers to energy efficiency improvement: Empirical evidence from small-and-medium sized enterprises in China," Frankfurt School - Working Paper Series 178, Frankfurt School of Finance and Management.
    7. Heidorn, Thomas & Siragusano, Tindaro, 2004. "Die Anwendbarkeit der Behavioral Finance im Devisenmarkt," Frankfurt School - Working Paper Series 52, Frankfurt School of Finance and Management.
    8. Yu, Xiaofan, 2011. "A spatial interpretation of the persistency of China's provincial inequality," Frankfurt School - Working Paper Series 171, Frankfurt School of Finance and Management.

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