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Individuals’ financ...
Individuals’ financial risk-taking and peer influence
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- Hellström, Jörgen (author)
- Umeå universitet,Företagsekonomi
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- Stålnacke, Oscar (author)
- Umeå universitet,Företagsekonomi
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- Olsson, Rickard (author)
- Umeå universitet,Företagsekonomi
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(creator_code:org_t)
- Elsevier, 2022
- 2022
- English.
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In: Quarterly Review of Economics and Finance. - : Elsevier. - 1062-9769 .- 1878-4259. ; 86, s. 1-17
- Related links:
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https://urn.kb.se/re...
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https://doi.org/10.1...
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Abstract
Subject headings
Close
- Individual investor’s risky asset share, as well as stock market participants’ choice of total- and systematic stock portfolio risk, are found to be affected by financial risk-taking among peers. Furthermore, the results indicate that the influence of peers is stronger for less wealthy, for those with relatively higher disposable incomes, and for male investors, respectively. The results, obtained using an instrumental variable approach based on analysis of detailed individual level data, are robust towards a number of competing explanations and stress that interaction with peers’ is an important channel through which individuals’ overall financial risk-taking is affected.
Subject headings
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Företagsekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Business Administration (hsv//eng)
Keyword
- Individual investors
- Social interaction
- Portfolio choice
- Stock market
- företagsekonomi
- Business Studies
- Economics
- nationalekonomi
Publication and Content Type
- ref (subject category)
- art (subject category)
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