Die Anlageentscheidungen deutscher Investoren ; Der empirische Befund

Bond as well as stock portfolios of German investors are compared to the respective mean-variance-efficient portfolios. It is found that independent of the investors' degree of risk aversion, German investors' portfolios deviate significantly from the mean-variance-efficient ones, especially the portfolio shares held in German assets is far too extensive. Accordingly, German portfolios are heavily home biased.

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Year of publication:	1999-07
Authors:	Lapp, Susanne
Institutions:	Institut für Weltwirtschaft (IfW)

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Extent:	application/pdf
Series:	Kiel Working Papers.
Type of publication:	Book / Working Paper
Notes:	39 pages
Classification:	G1 - General Financial Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005818822