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Are SRI funds conventional funds in disguise or do they live up to their name?

Nitsche, Christin; Schröder, Michael - 2015

In recent years, the socially responsible investing (SRI) industry has become an important segment of international capital markets by incorporating ESG (Environmental, Social and Governance) factors into investment selection and management processes. This study analyses whether SRI mutual funds...

Persistent link: https://www.econbiz.de/10010511288

Socially responsible investments in Germany, Switzerland and the United States : an analysis of investment funds and indices

Schröder, Michael - 2003

The aim of this study is the analysis of so called socially responsible investments (SRI). First, the performance of SRI equity investment funds and equity indices is investigated using Jensen's alpha as performance measure. The analysis considers market timing strategies of the fund management...

Persistent link: https://www.econbiz.de/10011448250

Institutional investment in Central and Eastern Europe : investment criteria of Western portfolio managers

Köke, F. Jens - 1999

This study provides detailed evidence on the transistion state of Central and Eastern Europe (CEE) countries. It draws on data from a survey conducted among portfolio managers of Western investment funds thereby making use of the knowledge of experts in CEE markets. The approach of the study is...

Persistent link: https://www.econbiz.de/10011442996

The effect of institutional ownership on firm innovation : evidence from Chinese listed firms

Rong, Zhao; Wu, Xiaokai; Boeing, Philipp - 2017

Monitoring by institutional investors can act as an important mechanism to promote firm innovation. By investigating Chinese listed firms' patenting between 2002 and 2011, we find that the presence of institutional investors enhances firm innovation. Consistent with the monitoring view, we...

Persistent link: https://www.econbiz.de/10011591957

Chinese pension fund investment efficiency : evidence from CNCSSF stock holdings

Lang, Gunnar; Shen, Yu; Xu, Xian - 2014

China’s pension system is facing a large gap of more than one trillion RMB. The investment efficiency of the social security fund therefore receives widespread attention in academic circles. We collected data of stocks held by the Chinese National Council for Social Security Fund (CNCSSF) from...

Persistent link: https://www.econbiz.de/10010233083

250 Analysten, 1 Portfolio? : eine ökonometrische Analyse von Empfehlungen zur Gestaltung eines Vermögensportfolios zur Altersvorsorge

Dornau, Robert; Szczesny, Andrea - 1999

Im Oktober 1998 befragte das ZEW rund 250 Finanzexperten aus Banken, Versicherungen, Kapitalanlagegesellschaften und großen Industrieunternehmen nach ihren Empfehlungen zur Gestaltung eines Vermögensportfolios zur Altersvorsorge. Dieses Papier untersucht in einem ersten Schritt, ob in...

Persistent link: https://www.econbiz.de/10011442603

How does the domiciliation decision affect mutual fund fees?

Lang, Gunnar; Köhler, Matthias - 2011

In this paper, we analyze whether the domiciliation decision of mutual funds has an impact on fund fees. To explain the fee price-setting of mutual funds, we consider characteristics specific to funds, fund companies, and countries. We find that fees vary considerably across fund types and...

Persistent link: https://www.econbiz.de/10009510386

Mind the gap : the difference between U.S. and European loan rates

Berg, Tobias; Saunders, Anthony; Steffen, Sascha; … - 2016

We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U.S. borrowers pay significantly higher spreads, but also lower fees, resulting in similar total costs of borrowing in both markets. For term loans, U.S. firms pay significantly higher...

Persistent link: https://www.econbiz.de/10011436380

The dynamics of overconfidence : evidence from stock market forecasters

Deaves, Richard (contributor); Lüders, Erick (contributor); … - 2005

As a group, market forecasters are egregiously overconfident. In conformity to the dynamic model of overconfidence of Gervais and Odean (2001), successful forecasters become more overconfident. What’s more, more experienced forecasters have learned to be overconfident,ʺ and hence are more...

Persistent link: https://www.econbiz.de/10003225303

Kosten der privaten Altersvorsorge : private Rentenversicherungen und Fondssparpläne im Vergleich

Westerheide, Peter - 2001

Schwierigkeiten: Die hier ausgewiesenen Ergebnisse stützen sich auf einen Vergleich von tatsächlich am Markt verlangten … Investmentsparpläne mit anschließender Verrentung bei vergleichbarer Laufzeit und Einzahlungshöhe liegen. Dieser Vergleich zeigt, dass ein … Ansparen in Investmentfonds mit gleicher durchschnittlicher Renditeerwartung vor Kosten, wie sie private Rentenversicherungen …

Persistent link: https://www.econbiz.de/10011445645