Prof. Dr. Rüdiger Weber (Professor for Finance, Banking and Insurance, Institute for Finance, Banking and Insurance, WU Vienna) spricht im Rahmen des Finance and Insurance Seminars zum Thema:

Is there an Equity Duration Premium?

Abstract: "Equity duration is a measure of discount-rate sensitivity that is driven by both, stock-specific cash-flow timing and stock-specific discount-rate levels. Established measures of equity duration using market-price information derive their predictive power for returns from using market-implied discount rates. We introduce new measures of pure cash-flow timing which disentangle discount-rate level from cash-flow timing information. Our results indicate an unconditionally flat relationship between timing and average returns. However, it turns out that in recessions (expansion episodes), there is a negative (positive) relation between cash-flow timing and average stock returns."

Im Wintersemester 22/23 wird das Finance and Insurance Seminar in Präsenz durchgeführt. Für Interessierte wird ein Zoom Meeting angeboten. Die Zugangsdaten werden auf Anfrage mitgeteilt. Bitte senden Sie hierzu bis zum 31. Januar, 12:00 Uhr, eine Nachricht an: alvia.runge@wiwi.uni-muenster.de