IDEAS home Printed from https://ideas.repec.org/a/dah/aeqdbw/v62_y2021_i2_q2_p123-133.html
   My bibliography  Save this article

Emotional Finance – Zum Einfluss von Emotionen auf Investmententscheidungen

Author

Listed:
  • Leef H. Dierks
  • Sonja Tiggelbeck

Abstract

Emotional Finance emphasizes that (unconscious) emotions have a decisive impact on individual decision-making under uncertainty and thus on (financial) market developments. Based on the events surrounding German financial services provider Wirecard, this contribution discusses aspects of rationality versus irrationality and illustrates how cognitive biases and emotions affect and can potentially flaw decision-making. / Emotional Finance zeigt wie (unbewusste) Emotionen der Marktteilnehmer individuelle Investitionsentscheidungen und damit das (Finanz-)Marktgeschehen maßgeblich beeinflussen können. Dieser Beitrag stellt das Zusammenspiel kognitiver Verzerrungen und Emotionen im Spannungsfeld von Rationalität und Irrationalität sowie die daraus erwachsenden Konsequenzen auf die Entscheidungsfindung exemplarisch am Fall des Finanzdienstleisters Wirecard AG dar. Verdeutlicht wird, weshalb private und Institutionelle Investoren dem Narrativ des Unternehmens trotz offensichtlicher bilanzieller Ungereimtheiten bis zuletzt Vertrauen entgegenbrachten.

Suggested Citation

  • Leef H. Dierks & Sonja Tiggelbeck, 2021. "Emotional Finance – Zum Einfluss von Emotionen auf Investmententscheidungen," Der Betriebswirt, Duncker & Humblot, Berlin, vol. 62(2), pages 123-133.
  • Handle: RePEc:dah:aeqdbw:v62_y2021_i2_q2_p123-133
    DOI: 10.3790/dbw.62.2.123
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.3790/dbw.62.2.123
    Download Restriction: Access to full text is restricted to subscribers (2010 onwards); Pay-per-view access from https://elibrary.duncker-humblot.com/journals/dbw (2010 onwards) and http://www.genios.de (2006 onwards)

    File URL: https://libkey.io/10.3790/dbw.62.2.123?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dah:aeqdbw:v62_y2021_i2_q2_p123-133. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: E-Publishing-Team (email available below). General contact details of provider: https://www.duncker-humblot.de .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.