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Youtube Linkedin Envelope Table of Contents In the MBA Applied Quantitative Finance program at Nürtingen-Geislingen University (HfWU), we discuss current topics in corporate valuation. A student asked how negative cash flows should be discounted. I am pleased to summarize the results of our discussion for you. In corporate valuation and capital budgeting, the risk-adjusted discount […]

Youtube Linkedin Envelope Table of Contents I am very pleased to announce that our article “The Correlation between Environmental, Social, and Governance (ESG) Ratings and Financial Performance Indicators” has now been published in the journal Corporate Finance. In this paper, we examine the relationship between ESG ratings and the financial performance of companies (using metrics

Youtube Linkedin Envelope Table of Contents In private equity and portfolio management, “alpha” is considered the key performance indicator: it represents the value added that a fund or company generates beyond the market. Yet in the classic single-index model (CAPM), this alpha does not appear explicitly at all. This raises the question: how exactly are

Youtube Linkedin Envelope Table of Contents What happens when three minds from the International School of Finance | HfWU combine their expertise – one in wealth management, one in risk management, and one in data science? The result is one of the most comprehensive analyses of extreme events in the gold market over the past

Youtube Linkedin Envelope Table of Contents Have you ever wondered why, when calculating the standard deviation, we sometimes divide by 𝓷 and sometimes by 𝒏-1? We are happy to explain this using the formula PDF. Download the formula PDF Population standard deviation If you know all the data of a population, you calculate the standard

Youtube Linkedin Envelope Table of Contents In corporate planning practice, the cash flow statement has often been neglected to date, even though it represents a central instrument for ensuring the consistency of integrated corporate planning and for deriving valuation-relevant cash flows. This article addresses this gap by systematically elaborating on the relevance and diverse applicability

Youtube Linkedin Envelope Table of Contents In an increasingly volatile and crisis-prone world, traditional deterministic management planning is reaching its limits. Target-value-oriented planning systematically ignores risks and uncertainties, which has significant consequences for the management, monitoring, and valuation of companies. With the Practical Handbook on Expectation-Consistent Planning, the first practical guide is being published that

Youtube Linkedin Envelope Table of Contents Exactly 100 years ago, in 1925, Werner Heisenberg published his groundbreaking article: 👉 “On the Quantum-Theoretical Reinterpretation of Kinematic and Mechanical Relations” Without these foundations of quantum mechanics, key technologies of our time would be inconceivable: lasers, MRI, mobile communications, computers—even quantum computers. 🎲 Randomness Instead of Determinism: The

The semi-standard deviation (also downside deviation) measures the dispersion below a reference value (usually the mean or a target return such as 0%).

Many reluctantly recall their statistics lectures: formulas, variance, standard deviation – and the question: What’s the point of it all? However, standard deviation holds a real treasure: it is a central tool in modern risk management.