VFN-L June 1996

vfn-l@fam.tuwien.ac.at

5 participants
6 discussions

Finance FS
by Gertrude Scheiner 26 Jun '96

26 Jun '96

A-1060 Wien, Stumpergasse 56 Telefon: (0222) 59 9 91 Telefax: (0222) 597 06 35 INSTITUT FUER HOEHERE STUDIEN FINANCE FORSCHUNGSSEMINAR (R. Alt) Dienstag, 2. Juli 1996 H. Pippan (Universit^Ät Graz) Marktrisiko und Jahresabschluáinformationen Ort: HS II Zeit: 16.30 Uhr

1 0

Gastvortrag Robert Schwartz
by Roland Dipplinger 20 Jun '96

20 Jun '96

EINLADUNG zum Gastvortrag Ten Major Microstructure Misconceptions Robert A. Schwartz Professor and Yamaichi Faculty Fellow New York University Zeit: Montag, 24. Juni 1996, 14.00-16.00 Uhr Ort: Wiener Boerse Warenboersesaal, 2.OG Wipplingerstra=DFe 34 1010 Wien ____________________________________________________________ Mag. Roland Dipplinger, Institut fuer Finanzierung und Finanzmaerkte Wirtschaftsuniversitaet Wien, Althanstrasse 39-45, A-1090 WIEN Tel.: ++431-31336-4173, Fax: -761, @: Roland.Dipplinger(a)wu-wien.ac.at "Sorry - Nick" -- Nick Leeson, Barings, 23/2/95 =========================================================================

1 0

Oekonometrisches FS
by Gertrude Scheiner 13 Jun '96

13 Jun '96

OEKONOMETRISCHES FORSCHUNGSSEMINAR (M. Deistler, R. Alt, R. Kunst) Donnerstag, 20. Juni 1996 "Forecasting Stock Market Averages to Enhance Profitable Trading Strategies" Christian HAEFKE and Christian HELMENSTEIN (IHS) Abstract: In this paper we formulate a trading strategy for stocks that exploits the informational difference implied by different stock market index construction principles. In order to gain a competitive advantage over other market participants, we forecast the indexes one day ahead and subsequently generate buy and sell signals through the trading rule. To illustrate how the system works, we apply it to select stocks from those constituting the ATX index sample. The forecasting of the indexes is done applying standard financial econometric techniques and feedforward neural networks. Drawing upon various model selection criteria, such as AIC, HQ and SIC, we discuss their potential for rendering parsimonious neural network architectures. Keywords: Artificial Neural Networks, Model Selection, Stock Market Indexes, Trading Systems. Ort: HS II Zeit: 9.00 Uhr c. t. =========================================================================

1 0

Einladung zu Vorträgen
by Martin Scheicher 11 Jun '96

11 Jun '96

Einladung zu nachstehenden Vortr=E4gen von Thomas Mayer, Univ. of California: Donnerstag, 13.6., 15.00 Uhr, SE-Raum 2, Hohenstaufengasse 9 "The Dark Side of Economic Modelling" Freitag, 14.6., 15.30 Uhr, OeNB, Generalratssitzungssaal, 5. Stock "Monetarists and Keynesians on Central Banking: A Case Study of A Failed Debate" Marvin Goodfriend, Federal Research Bank of Richmond Montag, 17.6., 15.00 Uhr, SE-Raum 1, Hohenstaufengasse 9 "A Framework for the Analysis of Moderate Inflation" Mittwoch,19.6., 15.00 Uhr, OeNB, Generalratssitzungssaal, 5. Stock "Foreign Exchange Operations and the Federal Reserve" ------------------------------------------------------- Veronika Moser Department of Economics University of Vienna Hohenstaufengasse 9 A-1010 Vienna, Austria Phone: +43-1-40103-3367 Fax: +43-1-532 14 98 e-mail: veronika.moser(a)univie.ac.at =========================================================================

1 0

None
by Elke PENDL 07 Jun '96

07 Jun '96

VSX WORKSHOP Einladung zum Vortrag von Prof. S. Eduardo Schwartz, UCLA ueber ''Asset Allocation'' am Freitag, 21. Juni 1996, 15.30 Uhr im Roten Saal der Wiener Boerse, 2. Stock, Wipplingerstrasse 34, 1011 Wien. Eduardo S. Schwartz is the California Professor of Real Estate and Professor of Finance, Anderson Graduate School of Management at the University of California, Los Angeles. His wide-ranging research has focused on different dimensions in asset and securities pricing. Topics in recent years range from interest rate volatility to asset allocation issues to evaluating natural resource investments. His collected works include more than seventy articles in finance and economic journals, two monographs, and a large number of monograph chapters, conference proceedings, and special reports. He is the winner of a number of awards for both teaching excellence and for the quality of his published work. He is associate editor for least a dozen journals, including the Journal of Finance, the Journal of Financial Economics and the Journal of Financial and Quantitative Analysis. He is past president of the Western Finance Association and is now president of the American Finance Association. He has also been a consultant to governmental agencies, banks, investment banks and industrial corporations. =========================================================================

1 0

None
by Renate Kogler 05 Jun '96

05 Jun '96

EINLADUNG zum Betriebswirtschaftlichen Forschungsseminar des Instituts fuer Betriebswirtschaftslehre der Universitaet Wien Bruenner Strasse 72, 1210 Wien Freitag, 14.06.1996; 15.30 Uhr; HS 8 des BWZ DR. HERIBERT REISINGER (Universitaet Wien) "DER EINFLUSS DES FORSCHUNGSDESIGNS AUF DIE HOEHE VON BESTIMMTHEITSMASSEN IN LINEAREN REGRESSIONSMODELLEN" Abstract: The classical linear regression model is the standard procedure for analyzing dependencies between variables that are measured on a metric scale. In the course of model estimation it is common practice to assess the appropriateness of a single descriptive model for the problem under study with the help of coefficients of determination (R^2 and ADJ. R^2 ). When considering the advantages of calculating these measures in empirical studies the question arises whether it makes sense to evaluate a model by means of a single descriptive measure at all. For example, from a statistical point of view the analyzed data set is irrelevant when deciding on the appropriateness of the model under consideration. However, a market researcher clearly distinguishes whether he studies time series or cross sectional data. A well known fact says that on the average one may expect larger coefficients of determination for time series data than for cross sectional data. Starting from this known phenomenon it is tried to identify various impacts on R^2 and ADJ. R^2 that originate in the research designs of empirical studies rather than in the research subjects within the framework of a meta-analysis. One important result claims a strong negative correlation between the sample size and the values of R^2 and ADJ. R^2 . =========================================================================

1 0

2025

2024

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

1998

1997

1996

1995

VFN-L June 1996