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Individual risk att...
Individual risk attitudes and the composition of financial portfolios : Evidence from German household portfolios
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- Barasinska, Nataliya (författare)
- DIW Berlin and Freie Universität Berlin, Germany
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- Schäfer, Dorothea (författare)
- Jönköping University,IHH, Economics, Finance and Statistics
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- Stephan, Andreas (författare)
- Jönköping University,IHH, Economics, Finance and Statistics,IHH, Centre for Family Entrepreneurship and Ownership (CeFEO)
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(creator_code:org_t)
- Elsevier, 2012
- 2012
- Engelska.
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Ingår i: Quarterly Review of Economics and Finance. - : Elsevier. - 1062-9769 .- 1878-4259. ; 52:1, s. 1-14
- Relaterad länk:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Ämnesord
Stäng
- This paper explores the relationship between the self-declared risk aversion of private investors and theirpropensity to hold incomplete portfolios of financial assets. The analysis is based on household surveydata from the German Socioeconomic Panel (SOEP) that provides a reliable measure of individual attitudestoward financial risk. Our findings suggest that more risk averse households tend to hold incompleteportfolios consisting mainly of a few risk-free assets. We also find that the propensity to acquire additionalassets is highly dependent on whether liquidity and safety needs are met.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Private households
- Portfolio diversification
- Risk aversion
- Social Sciences
- Samhällsvetenskap
- Economics
- Nationalekonomi
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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