Showing 1 - 10 of 26
of banking services is related to household characteristics, as well as to bank ownership, deposit insurance and creditor … protection. At the household level we find that the holding of a bank account, a bank card, or a mortgage increases with income … the religion and social integration of a household as well as the gender of the household head. Using the within …
Persistent link: https://www.econbiz.de/10009205063
We merge administrative information from a large German discount brokerage firm with regional data to examine if financial advisors improve portfolio performance. Our data track accounts of 32,751 randomly selected individual customers over 66 months and allow direct comparison of performance...
Persistent link: https://www.econbiz.de/10004990848
Existing studies of household stock trading using administrative data offer conflicting results: discount brokerage … and SCF to examine the overall extent of household portfolio inertia in participation and trading and its link to … household characteristics and stock market movements. We document considerable portfolio inertia, linked to characteristics (e …
Persistent link: https://www.econbiz.de/10004990851
If entrepreneurs are liquidity constrained and cannot borrow to operate on an efficient scale, those with more personal wealth should do better than those with less wealth. We investigate this hypothesis using a unique datset from Norway. Consistent with liquidity constraints being present, we...
Persistent link: https://www.econbiz.de/10005791690
datasets. We contribute to filling the gap with two novel household surveys that record the frequency with which investors …
Persistent link: https://www.econbiz.de/10008468638
Using a novel and unique dataset from Norway, we analyze whether professional proximity is associated with asymmetric information and abnormal returns. We find that individuals hold an excess weight in stocks that are professionally close. For example, after excluding holdings of own-company and...
Persistent link: https://www.econbiz.de/10005068286
household characteristics. Statistical analysis finds (1) an increase in stock market participation in all countries; (2 … household characteristics. As our empirical results point to the relevance of participation costs, we probe into a number of …
Persistent link: https://www.econbiz.de/10005656278
two waves of the Spanish household finance survey (EFF). I estimate discrete hazard models using retrospective and within …-period purchase sequences. I also estimate an (S,s) model combining transactions data with longitudinal information on household …
Persistent link: https://www.econbiz.de/10008784726
This paper provides the first joint analysis of household stockholding participation, location among stockholding modes …
Persistent link: https://www.econbiz.de/10008784753
The Eurozone fiscal crisis has created pressure for institutional harmonization, but skeptics argue that cultural predispositions can prevent convergence in behavior. Our paper derives a robust cultural classification of European countries and utilizes unique data on natives and immigrants....
Persistent link: https://www.econbiz.de/10011145436