Zobrazeno 1 - 10
of 36
pro vyhledávání: '"Stefan Sjögren"'
Autor:
Taylan Mavruk, Stefan Sjögren
Publikováno v:
Applied Economics. 53:4614-4631
We examine how owners’ portfolio diversification influences their firms’ financial decision-making and performance. We find that firms with high local ownership use less leverage, but firms with lo...
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5dd411657bc079cea595c673fc7b6c36
https://doi.org/10.1080/00036846.2021.1904127
https://doi.org/10.1080/00036846.2021.1904127
Publikováno v:
European Journal of Law and Economics, 51(1), 97-128. SPRINGER
We investigate the economic consequences of the traditio and the contract principle—differing in how they determine the priority rights for an item sold but not delivered. Our results suggest that the two principles are equivalent in terms of the n
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::51203f9ce6407eb4ba3030f44bb4a85f
https://research.rug.nl/en/publications/5fde4734-b345-4d5f-9042-1d03c5c8b339
https://research.rug.nl/en/publications/5fde4734-b345-4d5f-9042-1d03c5c8b339
Publikováno v:
Journal of Banking & Finance. 92:323-339
We examine whether there is birthplace bias in addition to local bias in the portfolio choice of individual investors. We find that, on average, individual investors who live in their birthplace invest almost three times more of their portfolio capit
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9e7fe495304edd87abe8e00dba419480
https://doi.org/10.1016/j.jbankfin.2016.10.002
https://doi.org/10.1016/j.jbankfin.2016.10.002
This book helps readers understand the widely documented distortion in the portfolio choice of individual investors toward proximate firms – the proximity bias phenomenon. First, it recapitulates the fundamentals of modern portfolio theory. It then
Publikováno v:
Proximity Bias in Investors’ Portfolio Choice ISBN: 9783319547619
This chapter presents and discusses the explanations for the proximity bias of investors based on the contemporary literature. The proximity bias of investors despite the well-documented gains from diversification still remains an unresolved empirica
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f17fd87d7b980a2797370434f764163c
https://doi.org/10.1007/978-3-319-54762-6_7
https://doi.org/10.1007/978-3-319-54762-6_7
Publikováno v:
Proximity Bias in Investors’ Portfolio Choice ISBN: 9783319547619
This chapter presents select preliminary findings from a recent study conducted by Mavruk (2016) on what role local media plays—if any—in the trading activity and equity returns in local markets. His study examines the sources of local informatio
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::dfe3e874ddcd764cbdcc5339ef9deb84
https://doi.org/10.1007/978-3-319-54762-6_9
https://doi.org/10.1007/978-3-319-54762-6_9
Publikováno v:
Proximity Bias in Investors’ Portfolio Choice ISBN: 9783319547619
In this chapter, we aim to analyze whether the local bias of investors has any impact on the capital structure of firms. We discuss the decision-making within firms regarding their choice of financing and explore the existing capital structure litera
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::4e406062b5b59304c914470590b76b61
https://doi.org/10.1007/978-3-319-54762-6_8
https://doi.org/10.1007/978-3-319-54762-6_8
Publikováno v:
Proximity Bias in Investors’ Portfolio Choice ISBN: 9783319547619
This chapter introduces modern portfolio theory by first following the work of Markowitz and discussing how an optimizing investor would behave. Second, the chapter reviews the portfolio theory that is concerned with economic equilibrium assuming all
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::2f3dd4d54f771ee74cd59d831ce81b4e
https://doi.org/10.1007/978-3-319-54762-6_2
https://doi.org/10.1007/978-3-319-54762-6_2
Publikováno v:
Proximity Bias in Investors’ Portfolio Choice ISBN: 9783319547619
This chapter focuses on the development of appropriate proximity bias measures. In international studies, country borders are more or less natural dividing lines when determining the extent to which investors are home biased or foreign biased. It is
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::a89001bdd25c022f7d260ab4a8169b53
https://doi.org/10.1007/978-3-319-54762-6_6
https://doi.org/10.1007/978-3-319-54762-6_6
Publikováno v:
Proximity Bias in Investors’ Portfolio Choice ISBN: 9783319547619
In this chapter, we replicate the study of the rebalancing of mutual funds’ equity portfolios by Giannetti and Laeven (2016) on individual investors in Sweden. The authors find that mutual fund managers rebalance their equity portfolios, during tim
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::07470101463b0ddd89dc859184f24ea5
https://doi.org/10.1007/978-3-319-54762-6_10
https://doi.org/10.1007/978-3-319-54762-6_10