[fre] Cet article tente de répondre à la question : y a-t-il eu des changements structurels dans le système bancaire allemand et y en aura-t-il dans le futur ? On ne peut répondre à ces questions qu’en tenant compte des spécificités de ce système et de sa dépendance vis-à-vis de...

It is known from the literature on the psychology of modes of behavior in stock markets that – besides other parameters – moods and emotions as personal influencing factors affect yield expectations and the risk-awareness of market participants. The constructs that may influence moods...

We merge administrative information from a large German discount brokerage firm with regional data to examine if financial advisors improve portfolio performance. Our data track accounts of 32,751 randomly selected individual customers over 66 months and allow direct comparison of performance...