We study the investor behavior on a leading peer-to-business lending platform and find evidence of two new investment biases—a default shock bias and a deep market bias. First, we find investors to stop investing in new loans and to cease from diversifying their portfolio after experiencing a...

Vor vier Jahren wurden im Auftrag des Bundesministeriums der Finanzen erstmals Daten zu den Marktvolumina deutscher FinTech-Unternehmen für den Zeitraum von 2007 bis 2015 erhoben und eine Prognose für die zukünftige Marktentwicklung erstellt. Gregor Dorfleitner, Universität Regensburg, Lars...

This article analyzes how the General Data Protection Regulation (GDPR) has affected the privacy practices of FinTech firms. We study the content of 308 privacy statements respectively before and after the GDPR became binding. Using textual analysis methods, we find that the readability of the...

While the academic world is still discussing if charting works or if it is more or less something like "Voodoo finance", the practical orientated world has been using technical analysis for decades. One argument of practitioners is, that technical analysis is useful to "disciplinate" the trader...

This paper presents a model of the complete microcredit financing chain investor - MIV - MFI - micro-borrower, in which social-minded MIVs provide funds only to those MFIs which do not exploit their bargaining power towards micro-borrowers. The MFIs with the highest bargaining power do not use...

This article examines the determinants of the optimal percentage that private investors seek to invest in a socially responsible (SR) way when forming their portfolio. By conducting a global online survey in English, German and French, we find indications that it is sufficient for the majority...

The increasing requirement for action on climate change in developing countries has led to the inclusion of environmental aspects in microfinance objectives, in addition to social and financial performance, and hence to the appearance of green microfinance. To date, financing for modern energy...

Diese empirische Arbeit untersucht auf der Basis eines theoretischen stetigen Modells Erfolgswahrscheinlichkeiten und Gewinnerwartungswerte einer täglichen und wöchentlichen limitbasierten Spekulationsstrategie. Der Spekulant handelt ausschließlich mit dem jeweiligen Nearby-Kontrakt des...

In this paper, we examine in a systematic manner how investors react to the sentiment of instant ESG news. Instead of acquiring proprietary ESG news or events datasets directly from specific ESG data providers, we extract fresh ESG news directly from a plethora of raw news articles. We showcase...