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Abhängigkeit zwischen Ifo-Geschäftsklimaindex und den Aktienkursen bei ausgewählten konjunkturabhängigen DAX-Unternehmen

Abhängigkeit zwischen Ifo-Geschäftsklimaindex und den Aktienkursen bei ausgewählten konjunkturabhängigen DAX-Unternehmen

          
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About the Book

Studienarbeit aus dem Jahr 2017 im Fachbereich VWL - Statistik und Methoden, Note: 2,3, FOM Hochschule für Oekonomie & Management gemeinnützige GmbH Mannheim, Veranstaltung: Empirisches Finance & Accounting, Sprache: Deutsch, Abstract: Im Rahmen der Fundamentalanalyse wird unter anderem der Einfluss von ökonomischen Gegebenheiten auf die Entwicklung der Aktienmärkte untersucht. Von daher ist es nicht verwunderlich, dass Analysten sich bestimmter Konjunkturindikatoren zur besseren Einschätzung der ökonomischen Gegebenheiten bedienen. An dieser Stelle sind insbesondere konjunkturelle Frühindikatoren hervorzuheben, da mithilfe einer Fundamentalanalyse ein Ausblick auf die zukünftige Entwicklung eines Finanztitels ermöglicht werden soll. Als ein solch geeigneter Frühindikator hat sich in den vergangenen Jahren der Ifo-Geschäftsklimaindex entwickelt. Die besondere Stellung dieses Stimmungsindikators ist darauf begründet, dass er einen vorlaufenden Charakter besitzt und somit frühzeitig auf konjunkturelle Wendepunkte hindeutet. Mitunter können die Reaktionen an den Aktien-, Devisen- und Rentenmärkten recht drastisch ausfallen. Ein Auszug aus einem Artikel der Frankfurter Allgemeinen Zeitung (FAZ) zeigt: "Der wichtige Ifo-Index legt wieder zu. Und an den deutschen Börsen stiegen die Kurse - der Dax legt mehr als 3 Prozent zu." Aufgrund solcher Auszüge könnte man im ersten Moment automatisch davon ausgehen, dass ein Zusammenhang zwischen der Entwicklung des Ifo-Geschäftsklimaindex und allen Aktienkursen der DAX-Unternehmen besteht. Dass sich verändernde ökonomische Gegebenheiten, die durch einen solchen Stimmungsindikator gemessen werden, unter Umständen auf konjunkturabhängige und konjunkturunabhängige Unternehmen unterschiedlich wirken, wird dabei oftmals außer Acht gelassen. Daher stellt sich die Frage, ob die Entwicklung des Ifo-Geschäftsklimaindex ausschließlich einen Einfluss auf alle Aktienkurse der DAX-Unternehmen hat oder ausschließlich auf die Ak


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Product Details
  • ISBN-13: 9783346151636
  • Publisher: Grin Verlag
  • Publisher Imprint: Grin Verlag
  • Height: 210 mm
  • No of Pages: 80
  • Spine Width: 5 mm
  • Width: 148 mm
  • ISBN-10: 3346151638
  • Publisher Date: 26 Mar 2020
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Weight: 113 gr

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Abhängigkeit zwischen Ifo-Geschäftsklimaindex und den Aktienkursen bei ausgewählten konjunkturabhängigen DAX-Unternehmen
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