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Konsolidierung der europäischen Börsenlandschaft

Konsolidierung der europäischen Börsenlandschaft

          
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About the Book

Studienarbeit aus dem Jahr 2005 im Fachbereich BWL - Bank, Börse, Versicherung, Note: 1,3, Friedrich-Alexander-Universität Erlangen-Nürnberg (Lehrstuhl für Bank- und Börsenwesen), Veranstaltung: Hauptseminar Bank- und Börsenwesen, Sprache: Deutsch, Abstract: Nicht erst seit dem zweiten Scheitern der Übernahme der London Stock Exchange (LSE) durch die Deutsche Börse AG im März 20051 stellt sich die Frage nach der zukünftigen Struktur der europäischen Börsenlandschaft.. Die Konsolidierung ist zugleich die Suche nach optimaler Marktorganisation und Ausdruck der Konkurrenz zwischen den Börsen. Neben der dynamischen Entwicklung in Computer- und Kommunikationstechnik sehen wir seit Ende der achtziger Jahre eine anhaltende Liberalisierung und Deregulierung der internationalen Kapitalmärkte.2 Momentan gibt es einen Dreikampf der Deutsche Börse AG, der London Stock Exchange (LSE) und Euronext um die Führungsposition im europäischen Wertpapierhandel. Ist der Übernahmekampf um die LSE erst der Auftakt zu einer weit reichenden Konsolidierung?3 Diese Arbeit soll zuerst erläutern, was die konkreten Aufgaben von Börsen sind (2.1) und welcher fundamentale Konflikt zwischen ihnen entstehen kann (2.1.3). In Kapitel 2.2 soll gezeigt werden, welchen Zielen die Börse verpflichtet ist und welche Anspruchsgruppen diese Zielsetzungen einfordern. Anschließend behandelt Kapitel 2.3 den Wandel der Börse als Institution und zeigt, wie ihre neue Konkurrenz aussieht. Kapitel 3 betrachtet zuerst die momentan vorzufindende Wettbewerbssituation in Europa und geht im Folgenden darauf ein, welche Wettbewerbsvoraussetzungen europäische Börsen erfüllen müssen (3.2) und mit welchen Mitteln sie sich von der Konkurrenz differenzieren können (3.3). Kapitel 4 widmet sich dann den wichtigsten realisierten Fusionen und Kooperationen in Europa und zeigt dadurch an ihnen beispielhaft auf, wie die ersten konkreten Schritte der Börsenkonsolidierung in Europa aussehen. In Kapitel 5 werden die maßgeblichen Ergebnis


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Product Details
  • ISBN-13: 9783638637732
  • Publisher: Grin Publishing
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 2 mm
  • Width: 148 mm
  • ISBN-10: 3638637735
  • Publisher Date: 06 Sep 2007
  • Height: 210 mm
  • No of Pages: 36
  • Series Title: German
  • Weight: 63 gr


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