TY  - JOUR
A1  - Bräuer, Konstantin
A1  - Hackethal, Andreas
A1  - Lenz, Guido
A1  - Pauls, Thomas
T1  - Buying into fraud – german retail investors and the Wirecard scandal
T2  - Efl insights : an elf - the Data Science Institute publication
N2  - ON JUNE 18TH, WIRECARD’S SHARE PRICE PLUMMETED BY MORE THAN 60% FOLLOWING THE FIRM’S ADMISSION OF BEING SUBJECT TO “ENORMOUS FRAUD” AND BILLIONS OF EUROS MISSING. THIS REPORT DOCUMENTS GERMAN RETAIL INVESTORS’ RESPONSE AND FINDS THAT THE POPULARITY OF WIRECARD AMONG RETAIL INVESTORS LED TO SUBSTANTIAL LOSSES IN THEIR PORTFOLIOS. THESE LOSSES WERE EXACERBATED BY STRONG BUYING SENTIMENT AFTER THE ANNOUNCEMENT. THE FAILING STOCK WAS PURCHASED BY INVESTORS ALREADY ENGAGED IN IT AS WELL AS NON-EXPOSED CUSTOMERS.
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/57643
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-576430
SN  - 1866-1238
SN  - 2700-2241
VL  - 2021
IS  - 1
SP  - 4
EP  - 5
PB  - E-Finance Lab e.V.
CY  - Frankfurt am Main
ER  -