Study realised by Konstantin Braüer (Goethe University, Frankfurt), Andreas Hackethal (Goethe University, Frankfurt), Sebastian Scheurle (McKinsey & Company, Inc & Goethe University, Frankfurt)

Study by Ling-Ni Boon (Université Paris-Dauphine, Tilburg University), Marie Brière (Amundi Investor Research Center, Université Paris Dauphine) and Bas Werker (Tilburg University)