The Characteristics of the Investment through the Airbag Certificates

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00091334" target="_blank" >RIV/00216224:14560/16:00091334 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Characteristics of the Investment through the Airbag Certificates

Popis výsledku v původním jazyce

The aim of this paper is to examine the change in t he fundamental investment characteristics, especially a change in the expecte d return and the risk of investment, provided that the investor will use the selected ce rtificate with a partial guarantee on invested capital instead of a direct investment in the underlying asset. First will be selected an underlying asset. It will be then model ed the development of its value by Monte Carlo simulation. This development also affec ts the development of the value of alternative investments through a certificate. The certificate will be divided into components from which it is comprised, and these wi ll be priced. Then it will be statistically evaluated and assessed the change in investment characteristics compared with investment characteristics of direct investmen t in the underlying asset. Finally, discussions will be carried out and formulated reco mmendations for the retail investor.

Název v anglickém jazyce

The Characteristics of the Investment through the Airbag Certificates

Popis výsledku anglicky

The aim of this paper is to examine the change in t he fundamental investment characteristics, especially a change in the expecte d return and the risk of investment, provided that the investor will use the selected ce rtificate with a partial guarantee on invested capital instead of a direct investment in the underlying asset. First will be selected an underlying asset. It will be then model ed the development of its value by Monte Carlo simulation. This development also affec ts the development of the value of alternative investments through a certificate. The certificate will be divided into components from which it is comprised, and these wi ll be priced. Then it will be statistically evaluated and assessed the change in investment characteristics compared with investment characteristics of direct investmen t in the underlying asset. Finally, discussions will be carried out and formulated reco mmendations for the retail investor.

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Financial Systems 2016. Proceedings of the 13th International Scientific Conference

ISBN

9788021083080

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

467-472

Název nakladatele

Masarykova univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

1. 1. 2016

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000385692200062