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Finanzkrise — Mitschuld der Theorie?

Author

Listed:
  • Klaus Schredelseker

    (Institut für Banken und Finanzen)

Abstract

Zusammenfassung Wenn überhaupt von einer Mitschuld der Finanztheorie an den krisenhaften Entwicklungen in den Finanzmärkten die Rede sein kann, dann nicht aufgrund dessen, was sie gelehrt hat, sondern dessen, was zu lehren sie verabsäumt hat. Moderne finanzwirtschaftliche Lehrbücher befassen sich so gut wie gar nicht mehr mit dem, was in der Praxis das Wichtigste ist (und auch am besten bezahlt wird): dem Prozess der Meinungs- und Erwartungsbildung auf der Basis fundamentaler Informationen. Zwei Dinge sind es, die dem im Wege stehen: Die Dominanz der Idee informationseffizienter Märkte und die Überzeugung, es sei stets besser, mehr informiert zu sein als weniger. Der Verfasser plädiert für eine Abkehr von der eher naturwissenschaftlich geprägten Finance zugunsten von Financial Economics.

Suggested Citation

  • Klaus Schredelseker, 2012. "Finanzkrise — Mitschuld der Theorie?," Schmalenbach Journal of Business Research, Springer, vol. 64(8), pages 833-845, December.
    • Handle: RePEc:spr:sjobre:v:64:y:2012:i:8:d:10.1007_bf03372871
    DOI: 10.1007/BF03372871
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    D83; G10; G14; G17; M12;
    All these keywords.

    JEL classification:

    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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