men. Once risk attitude is controlled for, this effect shrinks to only 2.6 percent. We find no difference when single … participation is mainly explained by different risk attitudes and monetary endowments, but women would participate even less in the … capital market if they reacted as sensitively to risk aversion as their male counterparts. Lastly, given participation in the …

increases in investors' risk aversion which in turn increases investors' proneness to familiarity bias. I hypothesize that … volatility is high. The average home bias and country concentration of investors' foreign holdings are of 8-10% larger during …

This paper studies the relationship between mutual fund manager investment horizons and managerial risk …-taking decisions. I find that in general mutual funds reporting longer maximum evaluation horizons have lower risk levels. The low risk … investment horizon and optimal risk taking is indeed negative for managers confident in their investment abilities. Overall, this …

this relation is driven by a link between internal economic locus of control and a lower perception of the risk of …

study how these endogenous effects influence traditional measures of risk-adjusted performance. We show that structural …

study how these endogenous effects influence traditional measures of risk-adjusted performance. We show that structural …

financial professionals and investigate how anonymous rankings influence risk-taking in investment decisions. We find that … rankings increase risk-taking because of financial professionals' desire for positive self-image. This particularly applies to … underperformers, who take the highest risks. Incentivizing rankings monetarily does not further increase risk-taking. In a comparative …

We introduce a new class of momentum strategies, the risk-adjusted time series momentum (RAMOM) strategies, which are … how these volatility measures can be used for risk management. We find that momentum risk management significantly … increases Sharpe ratios, but at the same time may lead to more pronounced negative skewness and tail risk. Furthermore, momentum …

-established determinants of returns from the real world also affect asset prices in this market, despite the absence of systematic risk. The …