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Nichtregierungsorganisationen als spezialisierte Kapitalmarktakteure

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Brand
Springer Nature
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N/A
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9783835009707
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Seit der Einfhrung neuer Finanzprodukte, die ber Rendite- und Risikoparameter hinaus auch kologische und soziale Kriterien der Kapitalanlage zugrunde legen, ist die Rolle von Nichtregierungsorganisationen (NGOs) auf Kapitalmrkten nicht mehr wegzudenken. Insbesondere in den Wirtschaftswissenschaften stellen sie allerdings noch relativ neue und wenig erforschte Organisationen dar. Philipp Lindenmayer zeigt, dass NGOs neben anlassspezifischen Formen von Kampagnen als spezialisierte Informationsdienstleister auf Kapitalmrkten agieren, indem sie spezifische Informationen produzieren und Anlegern zum Zwecke der Asset-Allocation zum Kauf anbieten. Um NGOs in dieser Rolle konomisch zu erklren, wird auf der Basis des Diamond-Modellansatzes das neuartige Delegated Screening-Modell entwickelt. Der Autor zeigt im statischen und darauf aufbauend im dynamischen Kontext auf, weshalb NGOs komparative Kostenvorteile gegenber den alternativ existierenden For-Profit-Organisationen besitzen.

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