Abstract
This paper analyses the suitability of sustainable investments and strategies for the proprietary trading of German savings banks. The paper employs a preliminary panel data analysis of financial statements of all German savings banks from the years of 2013 to 2015 in order to cluster the German savings banks from passive to active proprietary investment institutions. Based on the results of the clustering, the paper uses a vector error correction model (VECM), combined with a bootstrap simulation analysis, to compare different sustainable investment strategies and conventional investment strategies for the strategic asset allocation of German savings banks by their future return distribution paths.
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