| Autor: |
Claudia PITTERLE |
| Jazyk: |
angličtina |
| Rok vydání: |
2022 |
| Předmět: |
|
| Zdroj: |
Cross-Cultural Management Journal, Vol XXIV, Iss 2, Pp 143-148 (2022) |
| Druh dokumentu: |
article |
| ISSN: |
2286-0452 |
| Popis: |
Studies of the investor culture of both private and institutional German investors show a clear overweighting of German equity portfolios compared with international equity portfolios. This overweighting does not stop at institutional investors. It reduces returns and leads to increased risks in the long run. Explanations for this lie in heuristics and distorted perceptions, also called home bias and overconfidence effect, which lead to this investor behavior. This article describes these phenomena from the perspective of behavioral economics using heuristics. |
| Databáze: |
Directory of Open Access Journals |
| Externí odkaz: |
|
