G2TT
来源类型Discussion paper
规范类型论文
来源IDDP11859
DP11859 Losing Trust in Money Doctors
Martin Weber; Daniel Dorn
发表日期2017-02-17
出版年2017
语种英语
摘要Delegated stock market participation is fragile, especially during crises. Investors who had delegated all of their equity investments to fund managers before the financial crisis were almost twice as susceptible to exiting the stock market during the crisis than their peers who invested in individual stocks, other things equal. This result holds across two very different samples: 40,000 clients at a large German bank and the 2007-2009 panel of the U.S. Survey of Consumer Finances. Households who reported to rely on the advice of money doctors before the crisis, but not afterwards, were especially likely to sell all their stock funds.
主题Financial Economics
关键词Household finance Diversification Delegated investing Stock market participation Financial crisis
URLhttps://cepr.org/publications/dp11859
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/540672
推荐引用方式
GB/T 7714
Martin Weber,Daniel Dorn. DP11859 Losing Trust in Money Doctors. 2017.
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