G2TT
来源类型Discussion paper
规范类型论文
来源IDDP9837
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
URLhttps://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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