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Dr. Lars Kaiser

Assistenzprofessor
Lehrstuhl für Betriebswirtschaftslehre, Bank- und Finanzmanagement
Tätigkeit
> Lehre in den Bachelor- und Masterstudien, sowie in der Weiterbildung
> Studiengangsmanager, Executive MBA in International Asset Management
> Forschungspartner, OLZ & Partners Asset and Liability Management AG
> Continuing Education & University Liasion Officer, CFA Society Liechtenstein

Forschungsgebiete
> Empirische Kapitalmarktforschung
> Portfoliomanagement
> Wertorientierte und nachhaltige Anlagestrategien

Bevorstehende Publikationen
> Forecasting Quality of Professionals: Does Affiliation Matter? [Quarterly Review of Economics and Finance]
> International Equity Indices and Public Trust [Journal of Investing]
> Allocation Characteristics of Index Weighting Schemes [Journal of Investment Strategies]

Bevorstehende Konferenzen
> SGF Konferenz 2017
> FMA 2017 European Conference
> 2017 FMA Annual Meeting
> 2017 Paris Financial Management Conference

Laufende Forschungsarbeiten
> Cross-Sectional (higher) Moments and the Predictability of Stock Returns [revise and resubmit]
> How Active are Index Weighting Schemes? [under review]
> Dynamic Indexes: Equity Rotation and Factor Timing
> Asset Allocation by Investment Professionals: Integration or Segmentation?
> Style, Momentum and ESG Investing

Lebenslauf
Link

Externe Seiten
LinkedIn, SSRN, Google Scholar, ResearchGate
Portrait
Evidence on the link between value and sustainable investing
FFF-Förderprojekt, September 2016 bis September 2018

Das Forschungsprojekt siedelt sich im Bereich der Fundamentalanalyse an und zielt darauf ab einen Bezug zwischen klassischen Kennzahlen der Unternehmensbewertung und Nachhaltigkeitsfaktoren ... mehr

Measures of cross-sectional dispersion in international stock returns
internes Projekt, Juni 2015 bis Juni 2018

Time-series volatility is a long standing and well established measure of risk for both individual stocks and the market as such. However, the fact that volatility is time variant is not the sole set ... mehr

Die Auswirkungen der Einlagensicherung auf das Einlegerverhalten in Europa während einer Krise
Netzwerkprojekt, April 2014 bis April 2016

The basic objective of this study is to test whether the monitoring activity of the European professional - defined as one with a meaningful level of financial knowledge - could be affected by ... mehr

Quantitatives Investment Management und Portfoliooptimierung
Dissertation, März 2011 bis Februar 2015 (abgeschlossen)

Der Fokus der vorliegend kumulativen Dissertation lässt sich in drei Teilbereiche unterteilen. Die ersten beiden Teile befassen sich mit der Reduzierung von Schätzfehlern in Bezug auf Rendite und ... mehr

  • Kaiser, L. (2018). International Equity Indices and Public Trust. Journal of Investing, forthcoming. (ISI: 0.878; VHB: C)

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  • Veress, A., & Kaiser, L. (2017). Forecasting Quality of Professionals: Does Affiliation Matter? Quarterly Review of Economics and Finance. (ABDC: B; ABS: 2; VHB: B)

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  • Kaiser, L. (2017). Allocation Characteristics of Index Weighting Schemes. Journal of Investment Strategies, forthcoming.

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  • Kaiser, L., Veress, A., & Menichetti, M. J. (2014). Enhanced Mean-Variance Portfolios: A Controlled Integration of Quantitative Predictors. Journal of Portfolio Management, 40(4), 28-41. (ABDC: A; ABS: 2; ISI: 0.659; VHB: B)

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  • Kaiser, L. (2014). Value Investing with Firm Size Restrictions: Evidence for the German Stock Market. International Journal of Economics and Finance, 6(6), 14-29.

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  • Menichetti, M. J., Kaiser, L., & Veress, A. (2013). The Exchange Rate Dimension in International Asset Allocation - Lessons learned from the current financial crisis. In D. Hummel (Ed.), The Euro-Financial-Crisis – Impacts on Banking, Capital Markets, and Regulation. Report of the International Workshop in Potsdam on July 20/21, 2012 (pp. 85 -101). Potsdam, Germany: University of Potsdam Press.

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  • Kaiser, L. (2011). Black-Litterman Portfolio Optimisation: An Application to the German and Swiss Stock Market. In M. Ilg & K. Rheinberger (Eds.), Value Day 2011 - Aktuelle Entwicklungen in Controlling & Finance (Vol. 1, pp. 119-130). Berlin: wvb Wissenschaftlicher Verlag Berlin.

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  • Stöckl, S., & Kaiser, L. (2017). Higher Moments Matter! Cross-Sectional (Higher) Moments and the Predictability of Stock Returns. Paper presented at the SGF Conference 2017, Zurich (Switzerland).

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  • Kaiser, L. (2017). Asset Allocation by Investment Professionals: Integration or Segmentation?. Paper presented at the 2017 European FMA Conference, Lisbon (Portugal).

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  • Kaiser, L. (2016). Closing the gap between equal and value-weighting. Paper presented at the 23rd Forecasting Financial Markets, Hannover (Germany).

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  • Kaiser, L. (2016). Asset Allocation by Investment Professionals: Integration or Segmentation?. Paper presented at the 31. Workshop der Austrian Working Group on Banking and Finance, Universität Klagenfurt.

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  • Kaiser, L., & Stöckl, S. (2016). The Economic Benefit of Forecasting Market Components for Mean-Variance Investors. Paper presented at the 31. Workshop of the Austrian Working Group on Banking and Finance, Klagenfurt (Austria).

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  • Kaiser, L. (2015). Categorical Evaluation of Alternative Index Weighting Schemes. Paper presented at the 2015 FMA European Conference, Venice (Italy).

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  • Kaiser, L. (2014). Value Investing with Firm Size Restrictions: Evidence for the German Stock Market. Paper presented at the Eastern Finance Association Annual Meeting, Pittsburgh (US).

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  • Kaiser, L., Veress, A., & Menichetti, M. (2013). Enhanced optimal portfolios - A controlled integration of quantitative predictors. Paper presented at the Eastern Finance Association Annual Meeting, St. Pete Beach (Florida, US).

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  • Angerer, M., Dünser, M., Kaiser, L., Peter G., Stöckl, S., & Veress, A. (2013). What drives our beer consumption? - In search of nutrition habits and demographic patterns. Paper presented at the 3rd Beeronomics Conference 2013, York (United Kingdom).

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  • Kaiser, L. (2013). Value Investing with Firm Size Restrictions: Evidence for the German Stock Market. Paper presented at the Internationales Doktorandenseminar in Banking 2013, Augsburg (Germany).

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  • Kaiser, L. (2013). Value Investing with Firm Size Restrictions: Evidence for the German Stock Market.. Paper presented at the International Doctoral Seminar in Banking. University of Fribourg, Fribourg (Switzerland).

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  • Kaiser, L., Veress, A., & Menichetti, M. J. (2012). Enhanced optimal portfolios - A controlled intergration of quantitative predictors. Paper presented at the 29th GdRE Annual International Symposium on Money, Banking and Finance, Nantes (France).

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  • Kaiser, L., Veress, A., & Menichetti, M. (2012). Enhanced optimal portfolios - A controlled integration of quantitative predictors. Paper presented at the 2012 International Doctoral Seminar, Fribourg (Switzerland).

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  • Kaiser, L., Veress, A., & Menichetti, M. J. (2012). Enhanced optimal portfolios - A controlled integration of quantitative predictors. Paper presented at the 25th Australasian Banking and Finance Conference, Sydney (Australia).

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  • Kaiser, L., Veress, A., & Menichetti, M. J. (2012). Enhanced optimal portfolios - A controlled integration of quantitative predictors. Paper presented at the 2012 Auckland Finance Meeting, Auckland (New Zealand).

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  • Kaiser, L., Veress, A., & Menichetti, M. J. (2012). Enhanced Mean-Variance Portfolios: A Controlled Integration of Quantitative Predictors. Paper presented at the Research Seminar at City University Hong Kong, Hong Kong.

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  • Kaiser, L. (2011). Black-Litterman Potfolio Optimisation: An Application to the German and Swiss Stock Market. Paper presented at the Value Day 2011, Dornbirn (Austria).

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  • Kaiser, L. (2017). Dynamic Indexes: Equity Rotation and Factor Timing. Paper presented at the Citi's Annual Global Quant Conference, Budapest (Hungary).

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  • Kaiser, L. (2013). Enhanced optimal portfolios - A controlled integration of quantitative predictors. Paper presented at the Quantitative and Asset Management Workshop, Venice (Italy).

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  • Stöckl, S., & Kaiser, L. (2017). Higher moments matter! Cross-sectional (higher) moments and the predictability of stock returns. University of Liechtenstein.

    details
  • Kaiser, L. (2017). Style, Momentum and ESG Investing. University of Liechtenstein.

    details
  • Kaiser, L. (2016). Dynamic Indexes: Equity Rotation and Factor Timing. Universität Liechtenstein.

    details
  • Kaiser, L. (2016). Asset Allocation by Investment Professionals: Integration or Segmentation?. Universität Liechtenstein.

    details
  • Kaiser, L., & Stöckl, S. (2016). The Economic Benefit of Forecasting Market Components for Mean-Variance Investors. University of Liechtenstein.

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  • Kaiser, L. (2014). Insights on the Activeness of Index Weighting Schemes. Universität Liechtenstein.

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  • Kaiser, L. (2013). Categorical Evaluation of Alternative Index Weighting Schemes. Universität Liechtenstein.

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  • Kaiser, L. (2012). Mitigating the Principal - Agent Problem in Delegated Portfolio Management. University of Liechtenstein.

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  • Kaiser, L., Veress, A., & Menichetti, M. J. (2014, ). Practical Applications of Enhanced Mean-Variance Portfolios: A Controlled Integration of Quantitative Predictors. Institutional Investor Journals, 2, 30-34.

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  • Kaiser, L. (2014, 16.09.2014). Der Mittelweg: Kontrolliert aktiv investieren. Der Monat, 9.

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  • Norbert Regitnig-Tillian. (2017, 16.4.2017). Der systematische Optimismus von Investmentbankern. Der Standard.

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  • Kaiser, L.; Menichetti, M. J. (2015, 18.04.2015). Happy Birthday: 15 Jahre ETFs in Europa. Liechtensteiner Volksblatt, p.16.

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  • Kaiser, L. (2010). Black-Litterman Portfolio Optimisation: An Application to the German and Swiss Stock Market. Unpublished Master Thesis, University of Liechtenstein, Vaduz.

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  • Kaiser, L. (2015). Ansätze zur Portfoliostrukturierung: Smart Beta. Liechtenstein Live, Vaduz.

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  • Kaiser, L. (2013). Enhanced optimal portfolios - A controlled integration of quantitative predictors. Quantitiative & Asset Management Workshop 2013, Venice (Italy).

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