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Investing at home and abroad: Different costs, different people

Christelis, Dimitris; Georgarakos, Dimitris - 2009

We investigate US households' direct investment in stocks, bonds and liquid accounts and their foreign counterparts, in order to identify the different participation hurdles affecting asset investment domestically and overseas. To this end, we estimate a trivariate probit model with three...

Persistent link: https://www.econbiz.de/10010303748

Stockholding: From participation to location and to participation spillovers

Christelis, Dimitris; Georgarakos, Dimitris; Haliassos, … - 2009

This paper provides a joint analysis of household stockholding participation, stock location among stockholding modes … sophistication strongly affect direct stockholding and mutual fund participation, while social interactions affect stockholding … through retirement accounts only. Household characteristics influence stockholding through retirement accounts conditional on …

Persistent link: https://www.econbiz.de/10010303708

Trusting the stock market

Haliassos, Michael; Reiter, Michael - 2005

We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...

Persistent link: https://www.econbiz.de/10010298311

Cognitive abilities and portfolio choice

Christelis, Dimitris; Jappelli, Tullio; Padula, Mario - 2008

We study the relation between cognitive abilities and stockholding using the recent Survey of Health, Ageing and … abilities and stockholding is driven by information constraints, rather than by features of preferences or psychological traits. …

Persistent link: https://www.econbiz.de/10010303747

Why Do People Save in Cash? Distrust, Memories of Banking Crises, Weak Institutions and Dollarization

Stix, Helmut - 2012

. The analysis reveals that a lack of trust in banks, memories of past banking crises and weak tax enforcement are important …

Persistent link: https://www.econbiz.de/10013370095

The influence of buy-side analysts on mutual fund trading

Frey, Stefan; Herbst, Patrick - 2010

We present evidence of the impact of buy-side analysts on the behavior and performance of fund managers. Using data provided by a large global asset manager, we relate buy-side analysts' recommendations to fund transactions on a daily basis. Our results show that buy-side analysts have a...

Persistent link: https://www.econbiz.de/10010302544

Household economic decisions under the shadow of terrorism

Christelis, Dimitris; Georgarakos, Dimitris - 2009

We investigate, using the 2002 US Health and Retirement Study, the factors influencing individuals' insecurity and expectations about terrorism, and study the effects these last have on households' portfolio choices and spending patterns. We find that females, the religiously devout, those...

Persistent link: https://www.econbiz.de/10010303743

Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschová, Adriana; … - 2010

Using comparable survey data from twelve European countries from 1994 to 2001 we investigate households’ attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in countries with fewer mortgage holders relative to countries where a significant...

Persistent link: https://www.econbiz.de/10011605202

Mortgage indebtedness and household financial distress

Georgarakos, Dimitris; Lojschova, Adriana; … - 2009

Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in Southern countries, France and Belgium, where fewer households have a mortgage outstanding relative to...

Persistent link: https://www.econbiz.de/10010269704

Mission investing in Europe - a meta-analysis

Fritz, Tizian; von Schnurbein, Georg - 2015

erschienene Daten zum aktuellen Umsetzungsstand von MI in Europa. Ausgehend von den drei Instrumenten des MI (Screening …

Persistent link: https://www.econbiz.de/10012164440

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