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Individuals’ Financ...
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Hellström, JörgenUmeå universitet,Företagsekonomi
(author)
Individuals’ Financial Risk-Taking and Peer Influence
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Numbers
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LIBRIS-ID:oai:DiVA.org:umu-134454
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https://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-134454URI
Supplementary language notes
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Language:English
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Summary in:English
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Classification
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Subject category:vet swepub-contenttype
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Subject category:ovr swepub-publicationtype
Notes
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Individual investor’s financial risk-taking is linked to the behavior among peers within ones community. By use of data at the individual level, including detailed information about financial holdings, wealth and a host of socioeconomic and demographic characteristics, it is found that risk-taking among peers affect individuals choice of portfolio risk. The results hold for the full sample of individuals concerning their choice of overall proportion of risky assets, as well as for stock market participants’ choice of total- and systematic stock portfolio risk. Overall, the results stress that interaction with peers’ is an important channel through which individuals’ risk-taking is affected.
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Stålnacke, OscarUmeå universitet,Företagsekonomi(Swepub:umu)osst0002
(author)
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Olsson, RickardUmeå universitet,Företagsekonomi(Swepub:umu)ridoon97
(author)
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Umeå universitetFöretagsekonomi
(creator_code:org_t)
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To the university's database