All that matters in finance and risk management

Author Monika Gehde-Trapp

The Price Impact of TV News – A Study of Stock Market Efficiency

Can television news affect stock prices? And does the price impact of tv news depend on who presents the news? Both of these effects would contradict the Efficient Market Hypothesis (EMH). Put simply, the EMH states that security prices immediately… Continue Reading →

Speculation, Protection, or Arbitrage – Why Do Investors Trade Credit Default Swaps?

Why do investors engage in credit default swap (CDS) trading? At first glance, you would assume that the main motive is to obtain protection against default risk. But of course, a CDS is a bilateral contract: for every protection buyer… Continue Reading →

Investor Sentiment – An Overview

Forecasting returns is the holy grail of investment – and finance researchers are also interested in whether returns can be predicted because it tells us whether markets are “informationally efficient” (and thinking about this has been rewarded with a Nobel… Continue Reading →

Deutsche Bank’s 2020 Strategy

During today’s general meeting, investors critically questioned Deutsche Bank’s 2020 strategy. How does the proposed strategy look, and how convincing is it?

Live from the Deutsche Bank General Meeting

Anyone still recalls the criticism Anshu Jain had to face when his German at the Deutsche Bank general meeting was rudimental? Well, let me start by saying that today’s speech by John Cryan was in perfect German.

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