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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP9837 |
DP9837 Stock investments at work | |
Hans K. Hvide; Per Östberg | |
发表日期 | 2014-02-16 |
出版年 | 2014 |
语种 | 英语 |
摘要 | Stock market investment decisions of individuals are positively correlated with that of co-workers. Sorting of unobservably similar individuals to the same workplaces is unlikely to explain our results, as evidenced by the investment behavior of individuals that move between plants. Purchases made under stronger co-worker purchase activity are not associated with higher returns. Moreover, social interaction appears to drive the purchase of within-industry stocks; an investment mistake. Overall, our results suggest a strong influence of co-workers on investment choices, but not an influence that improves the quality of investment decisions. |
主题 | Financial Economics ; Labour Economics ; Public Economics |
关键词 | Individual investors Investment decisions Peer effect Social interaction Stock selection |
URL | https://cepr.org/publications/dp9837 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538671 |
推荐引用方式 GB/T 7714 | Hans K. Hvide,Per Östberg. DP9837 Stock investments at work. 2014. |
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