---
_id: '4562'
abstract:
- lang: eng
text: Employing main and sector-specific investment-grade CDS indices from the North
American and European CDS market and performing mean-variance out-of-sample analyses
for conservative and aggressive investors over the period from 2006 to 2014, this
paper analyzes portfolio benefits of adding corporate CDS indices to a traditional
financial portfolio consisting of stock and sovereign bond indices. As a baseline
result, we initially find an increase in portfolio (downside) risk-diversification
when adding CDS indices, which is observed irrespective of both CDS markets, investor-types
and different sub-periods, including the global financial crisis and European
sovereign debt crisis. In addition, the analysis reveals higher portfolio excess
returns and performance in CDS index portfolios, however, these effects clearly
differ between markets, investor-types and sub-periods. Overall, portfolio benefits
of adding CDS indices mainly result from the fact that institutional investors
replace sovereign bond indices rather than stock indices by CDS indices due to
better risk-return characteristics. Our baseline findings remain robust under
a variety of robustness checks. Results from sensitivity analyses provide further
important implications for institutional investors with a strategic focus on a
long-term conservative portfolio management.
article_type: original
author:
- first_name: Benjamin
full_name: Hippert, Benjamin
id: '48476'
last_name: Hippert
- first_name: André
full_name: Uhde, André
id: '36049'
last_name: Uhde
orcid: https://orcid.org/0000-0002-8058-8857
- first_name: Sascha Tobias
full_name: Wengerek, Sascha Tobias
id: '48837'
last_name: Wengerek
orcid: 0000-0002-7820-3903
citation:
ama: 'Hippert B, Uhde A, Wengerek ST. Portfolio Benefits of Adding Corporate Credit
Default Swap Indices: Evidence from North America and Europe. Review of Derivatives
Research . 2019;22(2):203-259. doi:https://doi.org/10.1007/s11147-018-9148-8'
apa: 'Hippert, B., Uhde, A., & Wengerek, S. T. (2019). Portfolio Benefits of
Adding Corporate Credit Default Swap Indices: Evidence from North America and
Europe. Review of Derivatives Research , 22(2), 203–259. https://doi.org/10.1007/s11147-018-9148-8'
bibtex: '@article{Hippert_Uhde_Wengerek_2019, title={Portfolio Benefits of Adding
Corporate Credit Default Swap Indices: Evidence from North America and Europe},
volume={22}, DOI={https://doi.org/10.1007/s11147-018-9148-8},
number={2}, journal={Review of Derivatives Research }, author={Hippert, Benjamin
and Uhde, André and Wengerek, Sascha Tobias}, year={2019}, pages={203–259} }'
chicago: 'Hippert, Benjamin, André Uhde, and Sascha Tobias Wengerek. “Portfolio
Benefits of Adding Corporate Credit Default Swap Indices: Evidence from North
America and Europe.” Review of Derivatives Research 22, no. 2 (2019):
203–59. https://doi.org/10.1007/s11147-018-9148-8.'
ieee: 'B. Hippert, A. Uhde, and S. T. Wengerek, “Portfolio Benefits of Adding Corporate
Credit Default Swap Indices: Evidence from North America and Europe,” Review
of Derivatives Research , vol. 22, no. 2, pp. 203–259, 2019, doi: https://doi.org/10.1007/s11147-018-9148-8.'
mla: 'Hippert, Benjamin, et al. “Portfolio Benefits of Adding Corporate Credit Default
Swap Indices: Evidence from North America and Europe.” Review of Derivatives
Research , vol. 22, no. 2, 2019, pp. 203–59, doi:https://doi.org/10.1007/s11147-018-9148-8.'
short: B. Hippert, A. Uhde, S.T. Wengerek, Review of Derivatives Research 22 (2019)
203–259.
date_created: 2018-10-01T12:17:35Z
date_updated: 2022-05-04T06:15:02Z
department:
- _id: '188'
- _id: '186'
doi: https://doi.org/10.1007/s11147-018-9148-8
intvolume: ' 22'
issue: '2'
jel:
- C61
- G01
- G11
- G15
- G23
keyword:
- Corporate credit default swap indices
- Mean-variance asset allocation
- Out-of-sample portfolio optimization
- Portfolio risk-diversification
- Portfolio performance evaluation
language:
- iso: eng
page: 203-259
publication: 'Review of Derivatives Research '
publication_status: published
status: public
title: 'Portfolio Benefits of Adding Corporate Credit Default Swap Indices: Evidence
from North America and Europe'
type: journal_article
user_id: '36049'
volume: 22
year: '2019'
...
---
_id: '62809'
abstract:
- lang: eng
text: Superhierarchically rough films are rapidly synthesised on metal substrates
via electrochemically triggered self-assembly of meso/macroporous-structured metal-organic
framework (MOF) crystals. These coatings are applied to immobilise a functional
oil with low surface energy to provide stable coatings repellent to a wide range
of hydrophobic as well as hydrophilic fluids. Such omniphobic surfaces are highly
interesting for several applications such as anti-fouling, anti-icing, and dropwise
condensation, and become easily scalable with the presented bottom-up fabrication
approach. As investigated by environmental scanning electron microscopy (ESEM),
the presented perfluorinated oil-infused Cu-BTC coating constitutes of a flat
liquid-covered surface with protruding edges of octahedral superstructured MOF
crystals. Water and non-polar diiodomethane droplets form considerably high contact
angles and even low-surface-tension fluids, e.g. acetone, form droplets on the
infused coating. The repellent properties towards the test fluids do not change
upon extended water spraying in contrast to oil-infused porous copper oxide or
native copper surfaces. It is discussed in detail, how the presented electrodeposited
MOF films grow and provide a proficient surface morphology to stabilise the functional
oil film due to hemiwicking.
article_number: '15400'
article_type: original
author:
- first_name: Jakob
full_name: Sablowski, Jakob
last_name: Sablowski
- first_name: Julia
full_name: Linnemann, Julia
id: '116779'
last_name: Linnemann
orcid: 0000-0001-6883-5424
- first_name: Simone
full_name: Hempel, Simone
last_name: Hempel
- first_name: Volker
full_name: Hoffmann, Volker
last_name: Hoffmann
- first_name: Simon
full_name: Unz, Simon
last_name: Unz
- first_name: Michael
full_name: Beckmann, Michael
last_name: Beckmann
- first_name: Lars
full_name: Giebeler, Lars
last_name: Giebeler
citation:
ama: Sablowski J, Linnemann J, Hempel S, et al. Electrodeposited metal-organic framework
films as self-assembled hierarchically superstructured supports for stable omniphobic
surface coatings. Scientific Reports. 2018;8(1). doi:10.1038/s41598-018-33542-4
apa: Sablowski, J., Linnemann, J., Hempel, S., Hoffmann, V., Unz, S., Beckmann,
M., & Giebeler, L. (2018). Electrodeposited metal-organic framework films
as self-assembled hierarchically superstructured supports for stable omniphobic
surface coatings. Scientific Reports, 8(1), Article 15400. https://doi.org/10.1038/s41598-018-33542-4
bibtex: '@article{Sablowski_Linnemann_Hempel_Hoffmann_Unz_Beckmann_Giebeler_2018,
title={Electrodeposited metal-organic framework films as self-assembled hierarchically
superstructured supports for stable omniphobic surface coatings}, volume={8},
DOI={10.1038/s41598-018-33542-4},
number={115400}, journal={Scientific Reports}, publisher={Springer Science and
Business Media LLC}, author={Sablowski, Jakob and Linnemann, Julia and Hempel,
Simone and Hoffmann, Volker and Unz, Simon and Beckmann, Michael and Giebeler,
Lars}, year={2018} }'
chicago: Sablowski, Jakob, Julia Linnemann, Simone Hempel, Volker Hoffmann, Simon
Unz, Michael Beckmann, and Lars Giebeler. “Electrodeposited Metal-Organic Framework
Films as Self-Assembled Hierarchically Superstructured Supports for Stable Omniphobic
Surface Coatings.” Scientific Reports 8, no. 1 (2018). https://doi.org/10.1038/s41598-018-33542-4.
ieee: 'J. Sablowski et al., “Electrodeposited metal-organic framework films
as self-assembled hierarchically superstructured supports for stable omniphobic
surface coatings,” Scientific Reports, vol. 8, no. 1, Art. no. 15400, 2018,
doi: 10.1038/s41598-018-33542-4.'
mla: Sablowski, Jakob, et al. “Electrodeposited Metal-Organic Framework Films as
Self-Assembled Hierarchically Superstructured Supports for Stable Omniphobic Surface
Coatings.” Scientific Reports, vol. 8, no. 1, 15400, Springer Science and
Business Media LLC, 2018, doi:10.1038/s41598-018-33542-4.
short: J. Sablowski, J. Linnemann, S. Hempel, V. Hoffmann, S. Unz, M. Beckmann,
L. Giebeler, Scientific Reports 8 (2018).
date_created: 2025-12-03T15:48:43Z
date_updated: 2025-12-03T16:34:02Z
department:
- _id: '985'
doi: 10.1038/s41598-018-33542-4
extern: '1'
intvolume: ' 8'
issue: '1'
keyword:
- electrodeposition
- metal-organic framework
- MOF
- drop-wise condensation
- omniphobic coatings
language:
- iso: eng
main_file_link:
- open_access: '1'
oa: '1'
publication: Scientific Reports
publication_identifier:
issn:
- 2045-2322
publication_status: published
publisher: Springer Science and Business Media LLC
quality_controlled: '1'
status: public
title: Electrodeposited metal-organic framework films as self-assembled hierarchically
superstructured supports for stable omniphobic surface coatings
type: journal_article
user_id: '116779'
volume: 8
year: '2018'
...
---
_id: '4465'
abstract:
- lang: eng
text: The first year of studying has been extensively researched applying different
theoretical lenses to better understand the transition into Higher Education (HE).
It is of particular interest to investigate how students deal with frictions between
themselves as individuals and what they perceive to be dominant features of the
first-year culture of their studies. To tackle this question, a qualitative longitudinal
study was conducted. Based on a sociocultural understanding of attitudes and motivations,
its aim was to closely follow a relatively small but highly diverse sample of
students throughout their first year at a business school in order to develop
an in-depth understanding of each individual’s motivational and attitudinal development.
author:
- first_name: Tobias
full_name: Jenert, Tobias
id: '71994'
last_name: Jenert
orcid: ' https://orcid.org/0000-0001-9262-5646'
- first_name: Taiga
full_name: Brahm, Taiga
last_name: Brahm
citation:
ama: 'Jenert T, Brahm T. How Do They Find Their Place? A Longitudinal Study of Management
Students’ Attitudes and Motivations During Their First Year at Business School.
In: ; 2015.'
apa: Jenert, T., & Brahm, T. (2015). How Do They Find Their Place? A Longitudinal
Study of Management Students’ Attitudes and Motivations During Their First Year
at Business School. Presented at the American Educational Research Association
(AERA) Annual Meeting 2015, Chicago.
bibtex: '@inproceedings{Jenert_Brahm_2015, title={How Do They Find Their Place?
A Longitudinal Study of Management Students’ Attitudes and Motivations During
Their First Year at Business School}, author={Jenert, Tobias and Brahm, Taiga},
year={2015} }'
chicago: Jenert, Tobias, and Taiga Brahm. “How Do They Find Their Place? A Longitudinal
Study of Management Students’ Attitudes and Motivations During Their First Year
at Business School,” 2015.
ieee: T. Jenert and T. Brahm, “How Do They Find Their Place? A Longitudinal Study
of Management Students’ Attitudes and Motivations During Their First Year at Business
School,” presented at the American Educational Research Association (AERA) Annual
Meeting 2015, Chicago, 2015.
mla: Jenert, Tobias, and Taiga Brahm. How Do They Find Their Place? A Longitudinal
Study of Management Students’ Attitudes and Motivations During Their First Year
at Business School. 2015.
short: 'T. Jenert, T. Brahm, in: 2015.'
conference:
end_date: 2015-04-20
location: Chicago
name: American Educational Research Association (AERA) Annual Meeting 2015
start_date: 2015-04-16
date_created: 2018-09-18T13:00:01Z
date_updated: 2022-01-06T07:01:05Z
department:
- _id: '208'
- _id: '518'
extern: '1'
keyword:
- Enculturation
- first-year students
- beginning students
- retention
- drop-out
status: public
title: How Do They Find Their Place? A Longitudinal Study of Management Students'
Attitudes and Motivations During Their First Year at Business School
type: conference
user_id: '51057'
year: '2015'
...