Asset pricing models and investment styles have been researched intensively in equities,
bonds, FX, and commodities. However, a new asset class has emerged since the end of 2008, …

Dieser Artikel zeigt, dass eine Beimischung von Kryptowährungen in ein Portfolio, bestehend
aus mehreren deutschen Asset-Klassen, mit Vorsicht zu betrachten ist. Auf Grund einer …

This book was originally meant to become a cumulative PhD thesis consisting of five research
papers. Four of the five draft papers were written in cooperation with one or several co-…

Digital assets are a relatively heterogeneous asset class with widely dispersed returns. This
could lead to increased diversification when allocating digital assets to a portfolio of …

Cryptocurrencies are a relatively young and emerging phenomenon within the financial
world. The use cases of such virtual tokens are manifold, ranging from technical to legal to …

It is of importance to understand that digital assets do not carry any intrinsic value such as
stocks or bonds. Digital assets are more comparable to gold, for example. Gold has no intrinsic …

… 8 of this book and Glas (2019) arrived at similar results, this first test of asset pricing models
for digital assets yields relatively weak results. Although Chap. 8 lays the groundwork for …

The before mentioned models and methods have been used extensively in the asset pricing
and investment styles literature. By doing so, research has found that some characteristics …

The methods used in today’s asset pricing and investment styles literature mostly developed
during the twentieth century. These quantitative approaches can also be applied to nearly …

… in this analysis than in the work of Glas (2019). Illiquidity, … I investigate the model developed
by Glas (2019) a bit further. … Using a longer and broader data sample compared to Glas (…