1. Editorial

   OriginalPaper Pages: 5 - 6

2. The Parent Company Puzzle on the German Stock Market

   • Martin Eling
   • Frank Schuhmacher

   OriginalPaper Pages: 7 - 28

3. Time-Varying Betas of German Stock Returns

   • Markus Ebner
   • Thorsten Neumann

   OriginalPaper Pages: 29 - 46

4. The Informational Content of Transactions

   • Karl Ludwig Keiber

   OriginalPaper Pages: 47 - 60

5. Price and Volume Effects Associated with 2003’s Major Reorganization of German Stock Indices

   • Sascha Wilkens
   • Jens Wimschulte

   OriginalPaper Pages: 61 - 98

6. The Regulatory Burden in the Swiss Wealth Management Industry

   • Christian Bührer
   • Ivo Hubli
   • Eliane Marti

   OriginalPaper Pages: 99 - 108

7. Pricing American-Style Options By Simulation

   • Axel Kind

   OriginalPaper Pages: 109 - 116

8. Facts & Figures Swiss Financial Analysts Association SFAA

   OriginalPaper Pages: 117 - 122