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Measuring risk preferences and asset-allocation decisions : a global survey analysis

Lo, Andrew W.; Remorov, Alexander; Ben Chaouch, Zied - In: Journal of investment management : JOIM 18 (2020) 3, pp. 5-50

Persistent link: https://www.econbiz.de/10012589063

Insensitive investors

Charles, Constantin; Frydman, Cary; Kilic, Mete - 2022

We show theoretically that the weak transmission of beliefs to actions induces a strong bias in basic asset pricing tests. In particular, expected returns can appear to decline in risk when investors weakly transmit their payoff expectations into willingness to pay. We experimentally test this...

Persistent link: https://www.econbiz.de/10013440420

The effect of information feedback frequency and investment flexibility on Myopic Loss Aversion

Wang, Mu-lan; Huang, Hung-hsi; Hsu, Shih-chieh - 2013

and risk-loving when faced with loss. Benartzi and Thaler (1995) combined the Myopic Loss Aversion and Mental Accounting … betting amounts. Third, the professional financial workers show comparatively less tendency towards Myopic Loss Aversion …. Finally, compared to women, men have significant tendency towards Myopic Loss Aversion. …

Persistent link: https://www.econbiz.de/10009762694

A behavioral economic approach to multiple job holdings with leisure

Hlouskova, Jaroslava; Tsigaris, Panagiotis Demetrios - 2020

allocation for a sufficient loss averse worker depends on the reference level which in turn determines whether the worker is … willing to experience relative losses or not. When the reference level is relatively low then the sufficiently loss averse … worker will allocate some of her time to leisure and will hold both jobs in order to diversify risk and reduce income loss …

Persistent link: https://www.econbiz.de/10012286985

Market-moving events and their role in portfolio optimization of generations X, Y, and Z

Iwanicz-Drozdowska, Małgorzata; Rogowicz, Karol; … - In: International journal of management and economics 59 (2023) 4, pp. 371-397

We examine how generations X, Y, and Z might react to market-moving events over short- and long-term horizons to maintain an optimal balance among risk, return, and investor preferences. To analyze various portfolio variants, we use data on selected global assets and several types of economic...

Persistent link: https://www.econbiz.de/10014476905

Behavioral Modeling of Foreign Institutional Investor’s in Indian Equity Market

Kumar, Santosh - 2012

In the last decade, the Foreign Institutional Investor (FII) flows have increased almost twenty times and attained shares of thirteen and six percent in the National Stock Exchange and Bombay Stock Exchanges respectively in the cash segment of the Indian equity market. This raises the issue of...

Persistent link: https://www.econbiz.de/10013113836

Information Immobility, Industry Concentration, and Institutional Investors’ Performance

Fedenia, Mark - 2012

This paper examines institutions' portfolio allocation and performance in US securities. We test how information immobility, proxied by market correlation and cultural and geographical distance between the investors' home markets and the US, influences portfolio strategies. Consistent with...

Persistent link: https://www.econbiz.de/10013114040

Information Immobility, Industry Concentration, and Institutional Investors’ Performance

Fedenia, Mark - 2012

This paper examines foreign institutional investors' portfolio allocation and performance in U.S. securities. We test how information immobility, proxied by cultural and geographical distance between the investors' home markets and the U.S., influences portfolio strategies. Consistent with...

Persistent link: https://www.econbiz.de/10013105659

Institutional Herding in the Corporate Bond Market

Cai, Fang - 2013

We find substantial herding in U.S. corporate bonds among bond fund managers, much higher than that previously documented for the equity market. Herding is generally stronger among illiquid bonds, and buy herding and sell herding are driven by different factors. In particular, sell herding...

Persistent link: https://www.econbiz.de/10013087481

Procyclical Behavior of Institutional Investors During the Recent Financial Crisis : Causes, Impacts, and Challenges

Papaioannou, Michael G. - 2013

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for such behavior; (iii) discusses the implications of procyclical behavior; and (iv) proposes a...

Persistent link: https://www.econbiz.de/10013074694