European directives are a general regulation on how investment funds should be offered to retail investors. These directives apply to the composition of the portfolio as well as to the advisory process and set the standards that European funds should follow. To standardise the fund, various...

Article 25 of the EU's alternative investment fund managers directive (AIFMD) states that national competent authorities (NCAs) will assess the risks that the use of leverage by an alternative investment funds manager (AIFM) could entail. Where necessary, NCAs can address the risks identified by...

We assess how sustainable finance literacy affects people's sustainable investment behavior, using a pre-registered experiment. We find that an increase in sustainable finance literacy leads to a 4 to 5% increase in the probability of investing sustainably. This effect is moderated by...

We assess how sustainable finance literacy affects people's sustainable investment behavior, using a pre-registered experiment. We find that an increase in sustainable finance literacy leads to a 4 to 5% increase in the probability of investing sustainably. This effect is moderated by...

Vertragsparteien von Credit Default Swaps (CDS) beeinflussen zunehmend gezielt Unternehmen, auf die sich ihr CDS bezieht, um die Rentabilität ihrer Position sicherzustellen. Dieser Aktivismus wirkt sich nicht nur negativ auf die Kapitalmärkte aus, sondern erschwert auch die Restrukturierung...