Die Dissertation befasst sich mit der praktischen Umsetzung der Behavioral-Finance-Theorie im Bereich des Asset Managements. Hierzu werden zunächst die wesentlichen verhaltensorientierten Anlagestrategien gemäß Fachliteratur identifiziert. Auf Basis von Regressionsansätzen wird anschließend...

Bank-managed equity funds are not inferior to their non-bank counterparts. Previous research reporting relative underperformance of bank-managed funds ignored their differing fiduciary standards. To evaluate bank and non-bank funds facing similar fiduciary responsibilities, domestic retail funds...

Offshore outsourcing continues to gain prominence as the printing industrystrides into the future. With different segments of the industry looking at reducingcosts and, in exchange providing value-added services, more companies turntowards outsourcing services offshore as a solution. Although it...

The EU Taxonomy for sustainable activities was created with the goal of becoming a crosssectional law for all current and future EU regulations on sustainable finance. The initial proposal for an EU Taxonomy was in 2018, and the final regulation, containing its basic principles and foundations,...

Das erste Paper behandelt den Survivorship Bias bei Aktienfonds. Dieser stellt eine systematische Überschätzung der Performance dar, die entsteht wenn in der Fondsgruppe nur die „Überlebenden“ berücksichtigt werden. Dies ist seit Grinblatt und Titman (1989) bekannt und seitdem in vielen...

Bei der vorliegenden Arbeit handelt es sich um eine Untersuchung mit dem Ziel, die Reaktionen im Umfeld von Veränderungen der Zusammensetzung der großen deutschen Aktienindizes DAX, MDAX und HDAX zu ermitteln. Da in der idealtypischen Finanztheorie eine Indexauswechslung keine...

It has become generally accepted that to maximise patronage, transit must take people to where they want to go in a timely and convenient fashion. The benchmark in this case may be the most attractive available alternative mode, such as the private car with its door-to-door high level of...

Place branding has become a major focus of operations for destination marketing organisations (DMO) striving for differentiation in cluttered markets. The topic of destination branding has only received attention in the tourism literature since the late 1990s, and there has been relatively...