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The Prudent Investor Rule and Trust Asset Allocation : An Empirical Analysis
Schanzenbach, Max M. - 2011
This article reports the results of an empirical study of the effect of the new prudent investor rule on asset allocation by institutional trustees. Using federal banking data spanning 1986 through 1997, the authors find that, after adoption of the new prudent investor rule, institutional...
Persistent link: https://www.econbiz.de/10013133534
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Bringing Investor Confidence Back to Alternative Investments : How Enterprise Risk Management is the Answer
Olszewski, Jan - 2010
portfolio that should lead to greater investor confidence and a more stable business model …
Persistent link: https://www.econbiz.de/10013147255
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Stock market participation puzzle in emerging economies : the case of lithuania
Mauricas, Žygimantas; Darškuvienė, Valdonė; … - In: Organizations and markets in emerging economies 8 (2017) 2, pp. 225-243
We examine underlying factors that explain an exceptionally low stock market participation rate among Lithuanian households by carrying out a comprehensive survey of mass affluent individuals. The probit regression analysis of the survey results indicates that lack of financial literacy, low...
Persistent link: https://www.econbiz.de/10012193944
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Trust and Delegated Investing : A Money Doctors Experiment
Germann, Maximilian - 2018
A recent theory by Gennaioli, Shleifer, and Vishny (2015) proposes that trust is an important component for delegated investing. This paper tests the theory in a laboratory experiment. Participants first play a trust game. Participants then act as investors who have to make two separate,...
Persistent link: https://www.econbiz.de/10012917903
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In Military We Trust : The Effect of Managers' Military Background on Mutual Fund Flows
Cochardt, Alexander Elmar; Heller, Stephan; Orlov, Vitaly - 2020
and its salience, and nationwide confidence in the military. Military managers' superiority in competition for investor …
Persistent link: https://www.econbiz.de/10012850605
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Trust, sociability and stock market participation
Georgarakos, Dimitris; Pasini, Giacomo - 2009
We investigate the effects of both trust and sociability for stock market participation, the role of which has been examined separately by existing finance literature. We use internationally comparable household data from the Survey of Health, Ageing and Retirement in Europe supplemented with...
Persistent link: https://www.econbiz.de/10003947447
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Trust, Sociability and Stock Market Participation
Georgarakos, Dimitris - 2012
This article investigates the importance of both trust and sociability for stock market participation and for differences in stock-holding across Europe. We estimate significant effects for the two, and find that sociability can partly balance the discouragement effect on stock-holding induced...
Persistent link: https://www.econbiz.de/10013113395
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Trust, Sociability and Stock Market Participation
Georgarakos, Dimitris - 2012
This paper examines the influence of both trust and sociability on stock market participation and their implications for international differences in stockholding. Using data from the Survey of Health, Ageing and Retirement in Europe supplemented with information on regional trust from the World...
Persistent link: https://www.econbiz.de/10013116620
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Trust, Sociability and Stock Market Participation
Georgarakos, Dimitris - 2012
This paper investigates the importance of both trust and sociability for stock market participation and for differences in stockholding across Europe. We estimate significant effects for the two, and find that sociability can partly balance the discouragement effect on stockholding induced by...
Persistent link: https://www.econbiz.de/10013117087
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How Does Investor Confidence Lead to Trading? Linking Investor Return Experiences, Confidence, and Investment Beliefs
Hoffmann, Arvid O. I. - 2019
between investor confidence and trading, but does not empirically examine the underlying mechanism that explains why … confidence leads to trading. We complement the literature by developing a theoretical framework and presenting empirical evidence … on a psychologically plausible mechanism through which confidence leads to trading. Using a combination of individual …
Persistent link: https://www.econbiz.de/10012905195