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diversification across large shareholders. Exploiting this heterogeneity, we document that firms controlled by diversified large … shareholder diversification on corporate risk-taking is both economically and statistically significant. Our results have … welfare. -- Risk-taking choices ; Large shareholders ; Portfolio diversification …
Persistent link: https://www.econbiz.de/10009411473
diversification across large shareholders. Exploiting this heterogeneity, we document that firms controlled by diversified large … shareholder diversification on corporate risk-taking is both economically and statistically significant. Our results have …
Persistent link: https://www.econbiz.de/10013116279
diversification on bank risk-taking. Our results show that the relation between portfolio diversification and bank risk-taking is both … time a specific channel through which financial development, in the form of bank shareholders' diversification, affects the …
Persistent link: https://www.econbiz.de/10013063883
We show how the change to differential voting rights allows dominant shareholders to retain control even after selling substantial economic ownership in the firm and diversifying their wealth. This unbundling of cash flow and control rights leads to more dispersed economic ownership and a closer...
Persistent link: https://www.econbiz.de/10013118332
diversification behavior. This issue is relevant in that investors are increasingly in charge of their own financial security, but … diversification: what they do is to split equally their wealth among the asset classes available, in a naïve way. We try to detect if … willing to take. Moreover, only those who are literate in terms of diversification select less risky portfolios; the others …
Persistent link: https://www.econbiz.de/10013099250
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This paper aims to empirically verify whether an individual European investor can enhance the diversification of his … the long term risk-return profile of a conventional asset allocation. The diversification benefits are realizable even …
Persistent link: https://www.econbiz.de/10013086058
points. In terms of proportional losses, a loss of 50% or more of the remaining cash endowment increases diversification … endowment, previous diversification strategy, relative difficulty of questions, the ability level of participants, and other …
Persistent link: https://www.econbiz.de/10013367589
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