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Risky asset holdings during Covid-19 and their distributional impact : evidence from Germany
Menkhoff, Lukas; Schröder, Carsten - 2021
-section shows large differences as young, educated, high income, and risk tolerant investors are net buyers throughout and, thus … liquidity shocks from Covid-19 are net sellers. Given the high risk of illness, older people are hit by dual blows to both …
Persistent link: https://www.econbiz.de/10012596661
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Risky asset holdings during COVID-19 and their distributional impact : evidence from Germany
Menkhoff, Lukas; Schröder, Carsten - In: Review of income and wealth 68 (2022) 2, pp. 497-517
Persistent link: https://www.econbiz.de/10013384518
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Investor sentiment in the US-dollar : longer-term, nonlinear orientation on PPP
Menkhoff, Lukas (contributor);  … - 2007
How is it possible that exchange rates move in the long run towards fundamentals, while professionals form consistently irrational exchange rate expectations? We look at this puzzle from a different perspective by analyzing investor sentiment in the US-dollar market. First, long-horizon...
Persistent link: https://www.econbiz.de/10003575469
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Are momentum traders different? Implications for the momentum puzzle
Menkhoff, Lukas - 2010
-term horizon, by a behavioural view on the market and by a somewhat lower degree of risk aversion, whereas they are like other fund … the risk of momentum trading on short-term horizons and that the short-term oriented momentum traders are not in a …
Persistent link: https://www.econbiz.de/10010270394
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Determinants of stock market participation
Menkhoff, Lukas; Westermann, Jannis - 2024
The low degree of stock market participation (SMP) is one of the big puzzles in finance. Numerous determinants have been proposed. We put these determinants into a structure that is derived from a standard static portfolio model. Then we discuss arguments put forward regarding specific SMP...
Persistent link: https://www.econbiz.de/10014528274
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The use of technical analysis by fund managers : international evidence
Menkhoff, Lukas - 2010
The use of technical analysis by financial market professionals is not well understood. This paper thus analyzes survey evidence from 692 fund managers in five countries, the vast majority of whom rely on technical analysis. At a forecasting horizon of weeks, technical analysis is the most...
Persistent link: https://www.econbiz.de/10003961008
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Are momentum traders different? : implications for the momentum puzzle
Menkhoff, Lukas - 2010
-term horizon, by a behavioural view on the market and by a somewhat lower degree of risk aversion, whereas they are like other fund … the risk of momentum trading on short-term horizons and that the short-term oriented momentum traders are not in a … position to perform long-term arbitrage. -- momentum trading ; market efficiency ; behavioural finance ; risk …
Persistent link: https://www.econbiz.de/10003966816
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The impact of experience on risk taking, overconfidence, and herding of fund managers : complementary survey evidence
Brozynski, Torsten (contributor);  … - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001882302
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The impact of experience on risk taking, overconfidence, and herding of fund managers : complementary survey evidence
Menkhoff, Lukas; Schmidt, Ulrich; Brozynski, Torsten - In: European economic review : EER 50 (2006) 7, pp. 1753-1766
Persistent link: https://www.econbiz.de/10003375629
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Investor sentiment in the US-dollar : longer-term, non-linear orientation on PPP
Menkhoff, Lukas; Rebitzky, Rafael R. - In: Journal of empirical finance 15 (2008) 3, pp. 455-467
Persistent link: https://www.econbiz.de/10003759534