This study identifies the determinants of domestic equity funds that fail to comply with the portfolio concentration limits of the EU Directive 2009/65/EC. This study also determines the characteristics of the stocks subject to these non-compliant portfolios. The empirical application to a comprehensive sample of domestic equity funds registered in the Eurozone provides significant information that can help to improve market supervision in terms of investors’ protection.

中文翻译：

---

具有欧盟投资组合集中度限制的不合规股票基金的决定因素

本研究确定了国内股票基金未能遵守欧盟指令 2009/65/EC 的投资组合集中度限制的决定因素。本研究还确定了受这些不合规投资组合影响的股票的特征。对在欧元区注册的国内股票基金的综合样本的实证应用提供了重要信息，有助于在投资者保护方面改善市场监管。