Showing 1 - 10 of 56
Persistent link: https://www.econbiz.de/10011803322
With this paper we seek to contribute to the literature on pension insurance systems. The financial literature tends to focus exclusively on the US pension insurance system. This is the first major empirical study to address the German occupational pension insurance (PSVaG) plan in Germany. The...
Persistent link: https://www.econbiz.de/10005059006
Anlageschwerpunkt und der grundsätzlichen Einstellung zur Markteffizienz auch "Agency"-Probleme das Anlageverhalten von …
Persistent link: https://www.econbiz.de/10005083125
We use a unique and comprehensive data set on open-end real estate funds in Germany to study a liquidity crisis that hit this industry between 2005 and 2006. Since this industry is comparably unregulated our data set permits us to contrast competing explanations of liquidity crisis. We find that...
Persistent link: https://www.econbiz.de/10008533497
This paper studies the flow-performance relationship of three different investor groups in mutual funds: Households, financial corporations, and insurance companies and pension funds, establishing the following findings: Financial corporations have a strong tendency to chase past performance and...
Persistent link: https://www.econbiz.de/10008833257
In the light of the recent financial crisis, the discussion on the nature of runs and on the stabilizing role of liquidity holdings has intensified. This paper explores the cash management conducted by German open-end equity funds for the period between 2005 and 2010. Since ownership structures...
Persistent link: https://www.econbiz.de/10010984710
Persistent link: https://www.econbiz.de/10012592398
countries in the distributions of various measures of debt conditional on household characteristics. We consider three different … use data from the first wave of a new survey of household finances, the Household Finance and Consumption Survey, to …
Persistent link: https://www.econbiz.de/10010957119
We study the role of household saving behaviour, of individual motives for saving and that of perceived liquidity … constraints in 15 Euro Area countries. The empirical analysis is based on the Household Finance and Consumption Survey, a new … harmonized data set collecting detailed information on wealth holdings, consumption and income at the household level. Since the …
Persistent link: https://www.econbiz.de/10010957137
The Panel on Household Finances (PHF) is a new panel survey on household finances and wealth in Germany conducted by … the Deutsche Bundesbank. It covers the balance sheets, pension claims, savings, incomes and work histories of households … self-contained and comprehensive survey on household finances in Germany, the PHF is part of the Household Finance and …
Persistent link: https://www.econbiz.de/10010957153