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...

In various forms, economists are still taking sustained action to find specific answers to questions related to the issue of economic fluctuations. In this context of continuing concerns, both the "old" classics and the "new" classics have made substantial progress in their own theories of the...

The purpose of this paper is to assess the extent to which pension accounting represents an enabling or emancipatory accounting. Many countries are facing a so-called “pensions crisis” which is reflected in and arguably, to some extent at least, is precipitated by accounting. Occupational...

It has been often suggested that public and private pension funds should be, and could be, mobilised to invest in urban infrastructure, housing, and community development. In fact, given the apparent decline in government funding of such areas of concern, it has been suggested that pension funds...

Institutional investors, primarily pension funds, drive global financial markets. The result is investors vulnerable to the risks companies face in global consumer and capital markets. Though some market risks are inevitable, others, such as reputation risk, can be mitigated through increased...

Most pension funds use an extensive array of service providers to administer and manage their financial assets. In this paper, I sketch a 'map' of the functional structure of service provision and the apparent spatial configuration of those elements. Theoretically, the paper could be thought...

Aging populations have altered saving and investment patterns in many developed and emerging market economies. The structural changes that have occurred have important implications for financial stability and for the conduct of monetary policy. As assets and borrowing shifted from banks to...

How does a “flat” world affect the global investment landscape? Historically, institutional equity managers have been separated into two groups: US and non-US. Managers with a US mandate typically only invest in stocks domiciled in the US, whereas managers with a non-US mandate only invest...

We investigate the performance of Canadian pension funds relative to those from the UK and US, in the light of the ongoing quantitative asset restrictions that still apply in Canada, compared with the purer prudent person approach in the UK and US. We find that although Canadian funds often...