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Authors
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Funding
Funding for this research was provided by:
Leipzig Graduate School of Management / HHL gemeinnützige GmbH
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Article History
Received: 22 March 2025
Revised: 7 August 2025
Accepted: 11 August 2025
First Online: 16 September 2025
Declarations
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: The authors declare that they have no relevant financial or non-financial interests to disclose.
: This study involved a voluntary survey of retail investors. Participants were informed about the purpose of the research, and their participation was solicited without any form of compensation. All responses were processed in a manner that ensures complete confidentiality and anonymity. The study adheres to the ethical standards of data protection and privacy as prescribed by applicable regulations. No animals were involved in this research.
