040071 SE Seminar (MA) (2023W)
Large Shareholders
Prüfungsimmanente Lehrveranstaltung
Labels
VOR-ORT
An/Abmeldung
Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").
- Anmeldung von Mo 11.09.2023 09:00 bis Fr 22.09.2023 12:00
- Anmeldung von Di 26.09.2023 09:00 bis Mi 27.09.2023 12:00
- Abmeldung bis Fr 20.10.2023 23:59
Details
max. 24 Teilnehmer*innen
Sprache: Englisch
Lehrende
Termine (iCal) - nächster Termin ist mit N markiert
In order to secure a seat and a topic for the seminar paper attendance at the opening meeting at Oct. 2nd is mandatory.
Participation in the final discussion at Jan. 29th, 2024 is equally mandatory, when final conclusions will be discussed for the whole seminar.- Montag 02.10. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 09.10. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 16.10. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 23.10. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 06.11. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 13.11. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 20.11. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 27.11. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 04.12. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 11.12. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 08.01. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 15.01. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 22.01. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Montag 29.01. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Information
Ziele, Inhalte und Methode der Lehrveranstaltung
Standard models of asset pricing build on the fiction of large crowds of small, and, hence, non-strategic investors acting as price takers. Accordingly, in equilibrium assets are priced relative to investors’ marginal rates of substitution at their equilibrium holdings.Of course, real world markets are populated with large investors with market power, who can strategically affect prices. The whole purpose of hedge funds and short sellers, for example, is to profit from price manipulation. But also long-term investors such as life insurers, ETF providers or wealth managers exert substantial influence on securities’ pricing. While activist investors target the investment policies of specific corporations, large common owners such as Blackrock, State Street and Vanguard might feel tempted to coordinate, and possibly relax, the intensity of competition in global product markets.Will society benefit from the coordinating role of common owners in producing information and internalizing externalities, or will the tendency towards cartelization and monopolization increase firm profits at the expense of reduced economic innovation and growth?These are pressing questions of current cutting-edge research in asset pricing. The seminar provides an introduction into and orientation within this rapidly expanding literature. As such it serves also as an introduction for topics that can be pursued in independent research while drafting a master thesis.
Art der Leistungskontrolle und erlaubte Hilfsmittel
Seminar paper (45%)
Paper presentation (25%)
Active discussion of work of peers (30%) -Attendance and active participation are mandatory. This course is NOT intended for part-time students.
Paper presentation (25%)
Active discussion of work of peers (30%) -Attendance and active participation are mandatory. This course is NOT intended for part-time students.
Mindestanforderungen und Beurteilungsmaßstab
Grading is based on three elements:1. Seminar paper (45%)2. Presentation of seminar paper and modearting discussion (25%)3. Active participation (30%)
Research requires two-way communication of ideas. Therefore, in reserach communication both, i.e. sender and receiver play an crucial role to establish knowledge and potentially extend it further. Accordingly, both roles will be relevant for grading.
Research requires two-way communication of ideas. Therefore, in reserach communication both, i.e. sender and receiver play an crucial role to establish knowledge and potentially extend it further. Accordingly, both roles will be relevant for grading.
Prüfungsstoff
1. Seminar paper
2. Presentation of seminar paper
3. Active participation throughout the seminar, i.e. in ALL sessions.
2. Presentation of seminar paper
3. Active participation throughout the seminar, i.e. in ALL sessions.
Literatur
A literature list will be presented in the opening session of Oct. 2nd.
Zuordnung im Vorlesungsverzeichnis
Letzte Änderung: Mo 23.10.2023 10:07