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Security Pricing in Reaction to Changes in Investor Attitudes, Governance and Regulation

Hachenberg, Britta Eileen (2018):
Security Pricing in Reaction to Changes in Investor Attitudes, Governance and Regulation.
Darmstadt, Technische Universität, [Online-Edition: https://tuprints.ulb.tu-darmstadt.de/7772],
[Ph.D. Thesis]

Abstract

The financial crisis that began in the summer of 2007 changed many aspects of the financial world. On the one hand, governing regulatory bodies around the globe introduced rules and regulations, with the goal of preventing another financial crisis of similar dimensions. On the other hand, investors changed their investment style. Structured products, viewed as one of the causes of the recent financial crisis, suffered severely. At the same time the demand for sustainable and climate related products rises massively. This thesis analyses the pricing of a variety of instruments (Bonds, Stocks, CDS, ABS and CLOs) in the aftermath of the recent financial crisis. Special attention is drawn upon the impact of changes in investor attitudes and regulatory changes on the pricing of the analyzed financial instruments.

Item Type: Ph.D. Thesis
Erschienen: 2018
Creators: Hachenberg, Britta Eileen
Title: Security Pricing in Reaction to Changes in Investor Attitudes, Governance and Regulation
Language: English
Abstract:

The financial crisis that began in the summer of 2007 changed many aspects of the financial world. On the one hand, governing regulatory bodies around the globe introduced rules and regulations, with the goal of preventing another financial crisis of similar dimensions. On the other hand, investors changed their investment style. Structured products, viewed as one of the causes of the recent financial crisis, suffered severely. At the same time the demand for sustainable and climate related products rises massively. This thesis analyses the pricing of a variety of instruments (Bonds, Stocks, CDS, ABS and CLOs) in the aftermath of the recent financial crisis. Special attention is drawn upon the impact of changes in investor attitudes and regulatory changes on the pricing of the analyzed financial instruments.

Place of Publication: Darmstadt
Divisions: 01 Department of Law and Economics
01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete
01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete > Corporate finance
Date Deposited: 16 Sep 2018 19:55
Official URL: https://tuprints.ulb.tu-darmstadt.de/7772
URN: urn:nbn:de:tuda-tuprints-77723
Referees: Schiereck, Prof. Dr. Dirk and Bock, Prof. Dr. Carolin
Refereed / Verteidigung / mdl. Prüfung: 16 August 2018
Alternative Abstract:
Alternative abstract Language
Die globale Finanzkrise, die im Sommer 2007 begann, veränderte viele Aspekte der internationalen Finanzmärkte. Einerseits wurden regulatorische Rahmenbedingungen geschafften, um zukünftige Krisen dieser Dimension zu verhindern. Anderseits veränderte sich das Investmentverhalten der Investoren. Das Volumen strukturierter Produkte, die als ein Auslöser der Krise angesehen wurden, ging massiv zurück. Gleichzeitig wächst die Nachfrage nach nachhaltigen Investments und Finanzanlagen, die Klimaschutzprojekte finanzieren. Diese Dissertation untersucht verschiedene Finanzinstrumente (Anleihen, Aktien, CDS, ABS und CLOs) seit der Finanzkrise. Dabei wird spezieller Fokus auf die Auswirkungen von regulatorischen Änderungen sowie Änderungen im Investmentverhalten der Investoren auf die Preisbildung der untersuchten Finanzinstrumente gelegt.German
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