Search Results - subject_exact:"Investmentgesellschaft"

Petroleum funds as instruments of energy policy and economic diversification : a cross-country integrative review

Mota, Teodoro Marcos; Adityawarman, Adityawarman; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617045

Funding conservation and restoration of coastal ecosystems : advantages and disadvantages of carbon credits compared to other funding instruments : interim report

Fallasch, Felix; Siemons, Anne; Rickels, Wilfried - 2026

This publication analyses the advantages and disadvantages of carbon credits compared to other financing instruments for protecting and restoring coastal ecosystems. Nine instruments are examined, including emission credits, biodiversity certificates, development cooperation, and blue bonds....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617969

Are socially responsible funds viable?

Dasgupta, Amil; Jenter, Dirk; Mathews, Richmond; Voss, Paul - 2026 - This version: January 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618260

The effects of regulating greenwashing : evidence from Europe's sustainable finance disclosure regulation (SFDR)

Allcott, Hunt; Egan, Mark L.; Smeets, Paul; Yang, Hanbin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015563109

Bond funds' risk taking and monetary policy

Anyphantakē, Sophia; Giannakidis, Haris; … - 2026

Using granular security-level data from bond funds domiciled in the US and the euro area, we identify a market-based risk-taking channel of monetary policy transmission via the credit-risk and the maturity structure of bond funds' portfolios. We measure credit risk at the fund level as the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015610151

Show one more version 1

Bond funds' risk taking and monetary policy

Anyphantakē, Sophia; Malliaropulos, Dimitris; … - 2026

Book / Working Paper

Fossil Taxes Funding India's Decarbonisation : an impact analysis

Verma, Rajat; Goyal, Shifali - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614786

Regulating ESG disclosure : capital allocation and investor heterogeneity

Emiris, Marina; Harris, Joanna; Koulischer, François - 2026

We study how sustainability disclosure regulation affects mutual fund flows and portfolio choices, accounting for investor heterogeneity. Guided by a model of ESG investing under uncertainty, we exploit the introduction of the European Sustainable Finance Disclosure Regulation (SFDR) as a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614830

Heterogeneous effects of monetary policy surprises on bond fund flows

Blanco, Sébastien; Koomen, Miriam; Yeşin, Pınar - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615519

Investing outside the box : fluctuating styles of actively managed funds

Bai, Ting; Hilscher, Jens; Scherbina, Anna - 2026

Managers of actively managed funds do not maintain a constant investment style. Instead, their factor loadings change over time. These changes are especially large following quarters with extreme returns and fund flows and arise from both active portfolio reallocations and passive style drift....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615830

Rapid Social Response Multi-Donor Trust Fund (RSR) Retrospective

2026

This report provides a brief overview of the achievements of the Rapid Social Response Multi-Donor Trust Fund (RSR) in the fifteen years from its inception during the global financial crisis of 2008/9 to its closing in 2024. Over these fifteen years, the RSR awarded $149.8 million in 420 grants...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015597477

Navigating geoeconomic risk : evidence from U.S. mutual funds

Crosignani, Matteo; Han, Lina; Macchiavelli, Marco - 2026 - Revised April 2026

How do investors perceive and navigate the emerging geoeconomic risk? We identify firm-level geoeconomic risk using supply-chain links to Chinese firms targeted by U.S. export controls. Affected U.S. suppliers experience negative abnormal returns around policy announcements. These shocks...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550144

Forecasting mutual fund performance : combining return-based with portfolio holdings-based predictors

Müller, Sebastian; Pugachyov, Nikolay; Weigert, Florian - 2026

We introduce a simple yet powerful method for enhancing mutual fund performance prediction by combining individual predictors into a composite predictor. This composite approach integrates information from 19 well-established return-based and portfolio holdings-based predictors from the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591032

Prospect theory in the field : revealed preferences from mutual fund flows

Han, Bing; Sui, Pengfei; Yang, Wenhao - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015580459

Designing of an investment trust : theoretical foundations

Takata, Fujio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604924

Machine learning mutual fund flows

Fausch, Jürg; Frigg, Moreno; Ruenzi, Stefan; Weigert, … - 2026 - This draft: May 03, 2025

We present improved out-of-sample predictability of future fund flows using state-of-the-art machine learning methods. Nonlinear machine learning models significantly outperform linear models in terms of out-of-sample R-squared. Using interpretable ML methods, we identify past flows and the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605608

Monetary policy, fragility, and fund flows

Fecht, Falko; Kellers, Moritz - 2026

We study how monetary policy is transmitted through the open-end investment fund (OEIF) sector and how this transmission depends on fund fragility. Using high-frequency identified ECB monetary policy surprises and daily share-class data on German-domiciled OEIFs from 2010 to 2023, we show that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015623924

Private market funds in Luxembourg

Majerus, Jeff; Morhs, Romuald - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625026

Liquidity stress tests for fixed-income mutual fund: an application for Chile

Gallardo, Tamara; Martínez, Fernando; Muñoz, Matías; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625227

Project Samara : research paper

Arora, Rakesh; Faruqui, Umar; Hendry, Scott; Shah, Dinesh; … - 2026 - Last updated: March 5, 2026

Project Samara was a limited, real world experiment designed to evaluate the use of distributed ledger technology (DLT) and wholesale central bank digital money (W CAD) in Canadian capital markets. The project involved the issuance of a single tokenized bond by Export Development Canada to a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638054

Risk transmission and returns dependence between oil and socially responsible funds?

Ur Rehman, Mobeen; Nautiyal, Neeraj; Zeitun, Rami; Vo … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638206

A buoy on funding tides : how client repo demand and dealer constraints lifted CORRA

Fontaine, Jean-Sébastien; Maru, Neil; Tchamova, Sofia - 2026 - Last updated: May 7, 2026

The CORRA benchmark interest rate experienced sustained pressures in Canada around the Fall of 2025. The growing imbalance between repo lenders and borrowers meant that funding markets increasingly relied on Canadian banks' balance sheets to absorb this funding gap. The Bank of Canada's...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638857

Regulating third-party litigation funding? : weighing the arguments in the light of extant EU consumer protection safeguards

Morell, Alexander; Schellenberg, Daniel - 2026

This paper cautions against the use of consumer protection as a Trojan horse for broader regulation of third-party litigation funding (TPLF) in the EU. The EU already operates a uniform consumer protection framework that prevents adverse outcomes for consumers across the board, including legal...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639039

From funds to families : organizational scale in value creation

Barrasa, Laurent; Phutphithak, Phorn-Arpha; Scaillet, … - 2026 - This version: March 11, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640037

The flow-performance relationship and behavioral biases : evidence from Spanish mutual fund flows

Arenas-Laorga, Carlos; Capella, Fernando Gil - 2026

This study analyzes the relationship between stock market returns and investment flows in investment funds in Spain. Through a quantitative analysis covering the period from December 2001 to June 2025, it examines not only the existence of a correlation but also its temporal structure,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640242

Performance persistence in private equity : skill, structure, and statistical artefacts

Ergüzel, Oylum Şehvez - 2026

This paper reviews the empirical literature on performance persistence in private equity (PE). It argues that observed persistence reflects three interacting forces: managerial skill, structural advantages, and measurement artefacts. It compares findings across return metrics, units of analysis,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641871

Green fees : sustainability impacts on portfolio management

Alkan, Doga; Ayari, Rayan; Paraschiv, Florentina - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644509

Home bias and performance and risk in Islamic mutual funds

Isariya Suttakulpiboon - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644925

Demand shocks in equity markets and firm responses

Broner, Fernando; Cortina, Juan J.; Schmukler, Sergio L.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615804

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Demand shocks in equity markets and firm responses

Broner, Fernando; Cortina, Juan J.; Schmukler, Sergio L.; … - 2026

Book / Working Paper

Demand shocks in equity markets and firm responses

Broner, Fernando; Cortina, Juan J.; Schmukler, Sergio L.; … - 2026

Book / Working Paper

Determinants of digital asset investment intention among mutual fund investors in Thailand

Wilasinee Jiaranaipayuk; Amnuay Saengnoree; Sujira … - 2026

This study examined the determinants of intentions to participate in digital asset investment among Thai mutual fund investors with medium-to-high risk tolerance by extending the Theory of Planned Behavior (TPB) to include financial literacy and trust. A quantitative survey was conducted with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656205

Mutual fund selection when borrowing is restricted : on the virtues of the generalized geometric mean

Levy, Moshe - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647127

The performance of small business investment companies

Brown, Gregory W.; Hu, Wendy; Robinson, David T.; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647386

The performance of low-carbon equity funds

Birk, Kevin; Rohleder, Martin; Weh, René; Wilkens, Marco - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647470

The European Fund for Strategic Investments (EFSI) : causal effects of a state lending policy

Frayman, David - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650425

Financing nature : investment funds and biodiversity risks

Kaat, Daniel Marcel te; Raabe, Alexander - 2026

How do international investors adjust portfolios in response to biodiversity risk? Using monthly data on investment fund portfolios, we show that the 2021 Kunming Declaration led fund managers to reallocate portfolios from high-biodiversity risk countries to less risky ones, while ultimate fund...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015650859

Stockholding in Europe : evidence from the consumer expectations survey

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2026

We examine recent changes in stock market participation using newly available survey data from eleven euro area countries over the period 2020-2024. The evidence points to substantial turnover, with around 10% of non-stockholders entering the market each year, and more than 20% of stockholders...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651204

Mandatory investor disclosure, sustainability commitments, and portfolio decarbonization

Dai, Jiyuan; Ormazabal, Gaizka; Penalva, Fernando; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651799

Social media livestreaming : investor information or persuasion?

DeHaan, Ed; Huang, Allen; Kannan, Srijith; Qiu, Lu - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651936

The disappearance of the ten-year fund

Bartlett, Robert; Ramella, Paolo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015652608

Skill and efficiency in the U.S. mutual fund industry

Oh, Dong Hwan; Patton, Andrew J. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653216

Biodiversity mutual funds and ETFs : characteristics, performance, risk, and fees

Fang, Fei; Luo, Di - 2026

This paper provides an exploratory analysis of biodiversity-themed funds and offers early evidence on their characteristics, performance, risk, fees, and sustainability metrics. Using a sample of 24 open-end biodiversity funds (18 mutual funds and 6 ETFs), we find that these funds are...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015653562

Self-inflated funds

Beck, Philippe van der; Bouchaud, Jean-Philippe; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635297

Entrepreneurial acquisitions and small-cap private equity overlaps : a resource-based view

Pöschl, Alexander; Freiling, Jörg - 2026

Objective: This study examines the competitive and collaborative dynamics between entrepreneurship through acquisition (ETA) and small- and micro-cap private equity (PE) in acquiring small and medium-sized enterprises (SMEs). Focusing on the DACH region (Germany, Austria, Switzerland), it...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015636943

Active fund management when ESG matters

Avramov, Doron; Cheng, Si; Tarelli, Andrea - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559063

Central clearing in repo markets : do the benefits extend to non-dealers?

Auger, Danny; Walton, Adrian - 2026 - Last updated: June 29, 2026

This note examines whether central clearing of repurchase agreements (repos) provides benefits not only to bank-owned dealers but also to non-dealer market participants in Canadian fixed-income markets. While prior research has largely emphasized the dealer perspective-showing that central...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668286

The boundaries of bank funding : the case of Canadian cash ETFs

Fontaine, Jean-Sebastian; Meh, Vincent; Plener, Jayden - 2026 - Last updated: July 2, 2026

Banking regulations set the boundaries of bank funding. They can also shape the assetmanagement landscape in an underappreciated way. We document that banking regulations push asset managers' liquid holdings away from bank savings accounts and toward money market assets. The case of Canadian...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669580

Measuring managerial skill using value added and alpha : evidence from the Korean equity fund market

Lee, Jaeram; Lee, Changjun - 2026

This paper aims to examine whether managerial skill can be effectively measured using value added and alpha in the Korean equity fund market. We document that fund managers generate positive and persistent skill when measured by both gross value added and gross alpha. Unlike equilibrium-based...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015670042

Do ownership structure and governance matter in asset allocation decisions of Islamic and conventional mutual funds? : Empirical evidence from Pakistan

Khaleel, Fatima; Ihsan, Hajra; Rashid, Abdul - 2026

Diversification in asset management companies is the key feature delivered by mutual funds. Fund managers are responsible for allocating assets in the fund's portfolio to improve risk-adjusted performance and decrease risk. This study analyzes the diversification and governance mechanisms of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664855

Corporate bond multipliers: substitutes matter

Chaudhary, Manav; Fu, Julie Zhiyu; Li, Jian - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015671497

Current trends in performance and flows in the Spanish pension fund industry

Barahona, Ricardo - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015672709

Investigating the role of informal investors and investor communication in entrepreneurship-through-acquisition : a study in the context of de novo entrepreneurship

Pöschl, Alexander; Mai-Duda, Isabella - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015670565