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balance sheet behavior of a large class of intermediaries, life insurance companies. The pass-through from assets to equity is …
Persistent link: https://www.econbiz.de/10012986733
InvestorLit is a subscription service providing reviews of institutional investment literature. The reviews cover a … wide range of investment topics and are published online. Bruce Grantier, founder of InvestorLit, is a member of the … pieces. The opinions expressed here are those of InvestorLit.Behavioral Finance and Investment Management, a 180-page book …
Persistent link: https://www.econbiz.de/10013009939
investment in emerging markets is greater than that in developed markets, reflecting vast opportunity. Yet, the indices (and ETFs …
Persistent link: https://www.econbiz.de/10013010019
This paper contrasts the investment behavior of different financial institutions in debt securities as a response to … Statistics. Banks and investment funds respond in a pro-cyclical manner to past security-specific holding period returns. In … contrast, insurance companies and pension funds act counter-cyclically; they buy when returns have been negative and sell after …
Persistent link: https://www.econbiz.de/10011978714
There are number of studies which favor the existence of gender bias in investment patterns. Most of the studies … (Julie R. Agnew, 2005). Some studies also contend that women are less confident about their investment decisions and earn … capacity, risk perception i.e. how they assume risk within different constraints, time horizon for investment, preference for …
Persistent link: https://www.econbiz.de/10013072638
We analyze a unique, comprehensive, multi-decade dataset of all communications with clients by a boutique investment … advisory and investment management firm to explore the behavior of individuals involved in financial decision making. We … propose and test a theory of self-regulation to explain both the appeal and the value of investment managers to individual …
Persistent link: https://www.econbiz.de/10012906029
We examine the effect of low interest rates on bond portfolio and market allocations by all institutional investors and households across all bond types in Germany at the security-level for 2005-2016. We find that―in contrast to banks―non-banks tilt bond portfolios significantly towards...
Persistent link: https://www.econbiz.de/10012898096
American university and college endowments now hold close to one-third of their portfolios in private equity and hedge funds. We estimate the implied beliefs of endowments about alternative assets' returns relative to equities and bonds. At the end of 2012, the typical endowment believes that...
Persistent link: https://www.econbiz.de/10013062870
Persistent link: https://www.econbiz.de/10011457099
How might retirees consider deploying the retirement assets accumulated in a defined contribution pension plan? One possibility would be to purchase an immediate annuity. Another approach, called the 'phased withdrawal' strategy in the literature, would have the retiree invest his funds and then...
Persistent link: https://www.econbiz.de/10010298279