We model the welfare consequences of mandates that restrict investors to hold firms with net-
zero carbon emissions. To qualify for these mandates, value-maximizing firms have to …

Elevate your game in the face of challenging market conditions with this eye-opening guide
to portfolio management Investing Amid Low Expected Returns: Making the Most When …

The market will undersupply sustainable development goals (SDGs) due to their substantial
public good element. SDG investments should be socially evaluated at accounting prices …

We investigate whether macroeconomic factors adequately proxy for systematic influences
in stock returns within the South African context. We also investigate whether a commonly …

Purpose The authors analyze the equilibrium effects of non-tradable assets on optimal
policy portfolios. They study how the existence of non-tradable assets impacts optimal asset …

Two years after the global capital stock of Gadzinski, Schuller, and Vacchino (2018) and 36
years after the world market wealth portfolio of Ibbotson, Siegel, and Love (1985), investors …

This paper updates the global market portfolio per 2020, through revising already identified
market portfolio asset classes, adding previously excluded asset classes, and studying the …

Asset managers usually define a policy portfolio to provide a long-term benchmark.
According to the CAPM, the policy portfolio should be the value weighted market portfolio of …

This paper derives an optimal portfolio that is based on trend-following signal. Building on
an earlier related article, it provides a unifying theoretical setting to introduce an …

Der Beitrag geht kritisch auf Erfolgsaussichten von Stimmrechtsausübungen (Voting) und
Engagements von Aktionären ein. Dazu wird analysiert, welche Einflüsse auf Unternehmen …