A direct application of classical portfolio selection theory is problematic for the small investor
because of transaction costs in the form of bank and broker fees. In particular, minimum fees …

Intraday electricity trading on the continuous intraday market of EPEX SPOT is particularly
well suited for the rebalancing of energy production. We analyzed the volatility and dispersion …

We develop a model for the demand of warrants by individual investors with regard to their
sensitivity to issuer margins, defined as the relative overpricing with respect to the theoretical …

This study analyzes bank margins in the German secondary market for exchange‐traded
structured financial products, with particular emphasis on the influence of banks' credit risk. A …

For no clear reason, many retail investors seem to have an unnatural taste for exotic
structured products with payoffs that depend on complex and hard-to-value contingencies. …

We analyze the order flow of discount certificates, its dependence on product age, and the
implications for issuer pricing behavior. Based on a unique data set of exchange trades and …

Purpose The authors evaluate the preferences of retail investors with regard to the investment
in structured financial products. The purpose of the paper is an analysis of the relative …

Option‐implied betas are a promising alternative to historical beta estimators, because they
are inherently forward‐looking and can incorporate new information immediately and fully. …

We propose a method to estimate the cost of debt in a continuous-time framework with an
infinite time horizon. The approach builds on the class of well-known earnings before interest …

Providing a framework to integrate regret as an additional decision criterion in Markowitz’s
model of portfolio selection, we propose two different views on regret: An investor might feel …