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Kapitalmärkte stärken: Deutschland braucht mehr institutionelle Anleger

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  • Kogler Michael

    (Michael Kogler, Ph.D., ist Senior Referent für den Bereich Produktivität im wissenschaftlichen Stab des SVR Wirtschaft.)

  • Malmendier Ulrike

    (Prof. Dr. Ulrike Malmendier ist Professorin an der University of California in Berkeley und Ratsmitglied des SVR Wirtschaft.)

  • Nöh Lukas

    (Lukas Nöh, Ph.D., ist Teamleiter für öffentliche Finanzen und Finanzmärkte im SVR Wirtschaft.)

  • Schaffranka Claudia

    (Claudia Schaffranka ist Senior Referentin für Finanzmärkte sowie Umwelt- und Energiepolitik im wissenschaftlichen Stab des SVR Wirtschaft.)

Abstract

Too few institutional investors are prepared to invest in young and innovative companies. This hampers the long-term growth prospects of the German economy. Instead, institutional investors in Germany hold more conservative portfolios than their European counterparts, investing heavily in bonds. Building up supplementary funded pensions and removing barriers to investing in riskier but growth-enhancing activities can help mobilise more growth capital in the long term.

Suggested Citation

  • Kogler Michael & Malmendier Ulrike & Nöh Lukas & Schaffranka Claudia, 2024. "Kapitalmärkte stärken: Deutschland braucht mehr institutionelle Anleger," Wirtschaftsdienst, Sciendo, vol. 104(8), pages 539-542.
    • Handle: RePEc:vrs:wirtsc:v:104:y:2024:i:8:p:539-542:n:1012
    DOI: 10.2478/wd-2024-0141
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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