Showing 1 - 10 of 68
comparably low returns and high risk has become known as the private equity premium puzzle. This paper provides evidence … supporting the hypothesis that lower risk aversion of entrepreneurs, and not necessarily credit constraints, may explain this … portfolios and experimentally validated risk attitudes. The results show that both the ownership probability and the conditional …
Persistent link: https://www.econbiz.de/10005068887
&P and downward trending Nikkei, are compared. In conclusion, average investor's risk and return ratios improve with horizon …
Persistent link: https://www.econbiz.de/10010896192
Reliable information on small and medium sized enterprises (SMEs) is rare and costly for financial intermediaries. To compensate for this, relationship banking is often considered as the appropriate lending technique in the case of SMEs. In this paper we offer a theoretical model to analyze the...
Persistent link: https://www.econbiz.de/10005068707
comparably low returns and high risk? This paper connects several streams of literature to shed some light on this puzzle and … financial markets and that entrepreneurs are less risk-averse than the rest of the population. A focus of this paper is …, therefore, on the role of heterogeneous risk attitudes in entrepreneurial decisions, specifically portfolio choice and the entry …
Persistent link: https://www.econbiz.de/10010544328
This paper investigates the relationship between wealth, ageing and saving behaviour of private households by using pooled cross sections of German consumption survey data. Different components of wealth are distinguished, as their impact on the savings rate is not homogeneous. On average, the...
Persistent link: https://www.econbiz.de/10010551077
This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the...
Persistent link: https://www.econbiz.de/10008461820
This study questions the popular stereotype that women are more risk averse than men in their financial investment …
Persistent link: https://www.econbiz.de/10008461822
and female investors differ in propensity for risk taking and performance of investments. Contrary to most existing … studies, I find no evidence for gender differences. Males and females exhibit similar levels of risk propensity and their …
Persistent link: https://www.econbiz.de/10010896116
This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … examine the impact of manifested risk aversion on the total number of distinct assets held in a portfolio (naive … measures of individual propensity for taking risk, the results of the regression analysis show that, along with some …
Persistent link: https://www.econbiz.de/10004963651
and female investors differ in propensity for risk taking and performance of investments. Contrary to most existing … studies, I find no evidence for gender differences. Males and females exhibit similar levels of risk propensity and their …
Persistent link: https://www.econbiz.de/10005069142