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Lukas Salcher, MSc

Research Assistant / PhD Student
Chair in Finance
Portrait
Breaking Bad: Parameter Uncertainty caused by Structural Breaks in Stocks
FFF-Förderprojekt, January 2022 until December 2022

Estimating parameter inputs for portfolio optimization has been shown to be notoriously diffi-cult resulting in disappointing out-of-sample performance (Michaud, 1989; DeMiguel et al., 2009). The ... more ...

Granularity of Information and its Impact on Stock Return Predictability and Portfolio Allocation
PhD-Thesis, since September 2020

The thesis will consist of three individual papers, which will be combined into a cumulative dissertation. The research focuses on the question of how the different granularity of information affects ... more ...

Understanding Saving in Europe
ERASMUS, September 2019 until August 2022

Given the changing demographic and the continuous low interest rate environment, long-term decisions by individuals are becoming increasingly important. Saving optimally over the life cycle requires ... more ...

  • Kaiser, L., Fleisch, M., & Salcher, L. (2018). Bias and Misrepresentation Revisited: Perspective on Major Equity Indices. Finance Research Letters, 26, 223-229. (ABDC_2019: A; ABS_2021: 2; VHB_3: B)

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  • Salcher, L., & Stöckl, S. (2022). Less is More: Ranking Information, Estimation Errors and Optimal Portfolios. Presented at the Annual International Conference on Macroeconomic Analysis and International Finance, Rethymno, Greece.

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  • Salcher, L., & Stöckl, S. (2022). Less is More: Ranking Information, Estimation Errors and Optimal Portfolios. Presented at the European Conference on Stochastic Optimization and Computational Management Science, Venice, Italy.

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  • Salcher, L., & Stöckl, S. (2022). Breaking Bad: Parameter Uncertainty Caused by Structural Breaks in Stocks. Presented at the World Finance Conference, Turin, Italy.

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  • Salcher, L., & Stöckl, S. (2021). Less is More: Ranking Information, Estimation Errors and Optimal Portfolios. Presented at the World Finance Conference, Virtual Conference.

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  • Salcher, L., & Stöckl, S. (2021). Breaking Bad: Parameter Uncertainty Caused by Structural Breaks in Stocks. Presented at the 36th Workshop of the Austrian Working Group on Banking and Finance, Virtual Conference.

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  • Salcher, L., & Stöckl, S. (2020). Less is more: Ranking Information, Estimation Errors and Optimal Portfolios. Presented at the 35th Workshop of the Austrian Working Group on Banking and Finance, Virtual Conference.

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  • Salcher, L., & Stöckl, S. (2022). Breaking Bad: Parameter Uncertainty Caused by Structural Breaks in Stocks. University of Liechtenstein.

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  • Salcher, L., & Stöckl, S. (2022). Less is More: Ranking Information, Estimation Errors and Optimal Portfolios. University of Liechtenstein.

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