Asset price processes are completely described by information processes and investors' preferences. In this paper we derive the relationship between the process of investors' expectations of the terminal stock…
This study provides detailed evidence on the recent transition state of Central and Eastern European (CEE) countries. It draws on data from a survey conducted among portfolio managers of Western investment funds…
For a sample of almost 1000 German companies through the years 1987-1994 this study shows that there is a significant market for large share blocks. The vast majo-rity of block transfers leads to changes in…