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The equity market implications of the retail investment boom

Beck, Philippe van der; Cohen, Cameron; Jaunin, Coralie - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618239

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The equity market implications of the retail investment boom

Beck, Philippe van der; Jaunin, Coralie - 2021

Book / Working Paper

The importance of considering regimes in long-term asset allocation to real estate

Guidolin, Massimo; Liang, Mingwei; Petrova, Milena - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609482

Investment information sources and investment grip : evidence from Japanese retail investors

Yamaguchi, Manaka; Ogura, Kota; Kiba, Tomoka; Khan, … - 2026

Understanding how investors maintain positions during adverse market conditions, investment grip, is increasingly important as retail participation rises and information environments diversify. While prior research identifies demographic, psychological, and economic determinants of investment...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015611407

Green investment : examining the influencing factors and mechanisms on the investment willingness of China retail investors towards green bonds

Tao, Zhibin - 2026

As global climate and sustainable challenges gain more attention, green finance has emerged as a significant focus of worldwide financial reform, with green bonds serving as a key indicator. Retail investors, as an important part of the financial market, have a significant impact on the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614367

How framing susceptibility is associated with investment grip : evidence from Japanese retail investors

Otchere-Appiah, Gideon; Kuramoto, Yu; Bawalle, Aliyu Ali; … - 2026

This study builds on the concept of loss tolerance by introducing investment grip, a behavioral interpretation that captures investors' commitment to long-term objectives under adverse market conditions. While loss tolerance traditionally measures the maximum financial loss an investor can...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615249

What Attracts Investors to Distressed Asset Markets? Key Pillars for Private Investors to Participate in Market Development

Mueller, Marta; Dancausa, Fernando - 2026

This WBG study examines what makes distressed asset markets work — and how governments can create the right conditions for private sector engagement. It provides policymakers, regulators, and financial institutions with a practical framework to assess market readiness, identify policy and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015597424

Extrapolators and contrarians : forecast bias and individual investor stock trading

Andersen, Steffen; Dimmock, Stephen G.; Nielsen, Kasper M. - 2026

We test whether forecast bias affects individual investors' stock trading by combining bias measures from laboratory experiments with administrative trade data. Forecast bias is positively associated with past excess returns of purchased stocks: Compared to contrarians, extrapolators purchase...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015588367

Warming up the assets : modelling the role of global warming on green financial assets under bearish, normal and bullish market conditions

Usman, Ojonugwa; Ozkan, Oktay; Alola, Andrew Adewale; … - 2026

Global warming remains one of the greatest threats to the sustainability of the planet. The literature is replete with studies investigating the economic effects of global warming with very little attention being paid to the financial ramifications. To this end, the present study attempts to...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015603745

Tokenized gold in crypto markets : tracking accuracy and portfolio performance

Ashfaq, Muhammad; Pfeifer, Maximilian; Gürpinar, Tan; … - 2026

This paper examines the relationship between traditional gold (XAU) and its tokenized counterparts (PAXG and XAUT), providing an empirical assessment of how digital representations of real-world assets align with their underlying benchmarks. Using multi-year time series data, the study evaluates...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015628496

Sector or factor? : unveiling the winning investment strategy in China

Wang, Qing - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638170

The flow-performance relationship and behavioral biases : evidence from Spanish mutual fund flows

Arenas-Laorga, Carlos; Capella, Fernando Gil - 2026

This study analyzes the relationship between stock market returns and investment flows in investment funds in Spain. Through a quantitative analysis covering the period from December 2001 to June 2025, it examines not only the existence of a correlation but also its temporal structure,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640242

Gender, financial literacy and active stock market participation

Tedde, Mariachiara - 2026 - Prima edizione

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641934

Does hyperbolic discounting mediate the association between financial literacy and investment in risky assets?

Khan, Mostafa Saidur Rahim; Kadoya, Yoshihiko - 2026

Investment in risky financial assets plays a crucial role in individual wealth accumulation and broader financial market development. However, existing research has primarily emphasized financial literacy while giving limited attention to behavioral mechanisms that may weaken its influence on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644250

Optimal investment in annuities and life insurance for retired couples : the role of side bequest motives

Werd, Martijn de; Achou, Bertrand; Chau, Ki Wai - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655674

Determinants of digital asset investment intention among mutual fund investors in Thailand

Wilasinee Jiaranaipayuk; Amnuay Saengnoree; Sujira … - 2026

This study examined the determinants of intentions to participate in digital asset investment among Thai mutual fund investors with medium-to-high risk tolerance by extending the Theory of Planned Behavior (TPB) to include financial literacy and trust. A quantitative survey was conducted with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015656205

Emotional yields of collectibles

Dimson, Elroy; Kuntara Pukthuanthong; Vorsatz, Blair - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647180

Behavioral biases in investment decisions

Nahidi, Narmin - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651180

Stockholding in Europe : evidence from the consumer expectations survey

Christelis, Dimitris; Georgarakos, Dimitris; Jappelli, … - 2026

We examine recent changes in stock market participation using newly available survey data from eleven euro area countries over the period 2020-2024. The evidence points to substantial turnover, with around 10% of non-stockholders entering the market each year, and more than 20% of stockholders...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651204

The double-edged mind : how LLMs expand stock market participation yet strengthen confirmation-seeking

Damm, Cara; Bauer, Kevin; Hett, Florian; Pelizzon, Loriana - 2026

The shift from information retrieval (keyword-based search engines) to information synthesis (generative AI) constitutes a fundamental change in how people inform themselves online. We investigate how this shift impacts investment behavior using an incentivized online experiment (N = 374), in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635122

Self-inflated funds

Beck, Philippe van der; Bouchaud, Jean-Philippe; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635297

The risk and reward of investing

Doeswijk, Ronald; Swinkels, Laurens - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015574497

How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, Luigi; Ring, Marius A. K. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015668633

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How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, Luigi; Ring, Marius A. K. - 2023

Book / Working Paper

How much and how fast do investors respond to equity premium changes? : evidence from wealth taxation

Fagereng, Andreas; Guiso, lg; Ring, Marius A. K. - 2023

Book / Working Paper

Drivers of stock market participation : a comprehensive review of key influencing factors

Anjana, S. - 2026

Purpose - This study traces the origin, evolution, and conceptual development of cognitive, behavioural and other drivers of stock market participation. This systematic review analyzed contemporary developments and national and global contributions to this field. This study identifies the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669943

What drives investment choices? : a behavioral perspective from Gujarat state

Patel, Bhautik Alpeshkumar; Patel, Brijesh Mukeshbhai - 2026

Purpose - This study aims to examine the investment preferences of individual investors in Gujarat across various asset classes and to analyze how demographic factors and behavioral biases influence their risk perception, return expectations, and investment decisions. Design/methodology/approach...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015669944

Global pension asset allocations and debt markets

Fang, Xiang; Hardy, Bryan; Lewis, Karen K. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667793

Implementing simplified short-term pairs trading strategy in equity market : understanding the risks of retail investor

Mosina, Julija; Ševčenko-Kozlovska, Galina - 2026

This study examines the profitability of a simplified short-term pairs trading strategy for retail investors in real-time equity markets, comparing the performance of individual stock pairs versus clusters of stocks. The research employs a simplified strategy implemented using accessible tools...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015667901

The Zelensky moment : investments in the defense industry and geopolitical risk awareness of European investors

Boermans, Martijn; Galema, Rients; Plantinga, Auke; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015671939

The price of uniformity : welfare costs of one-size-fits-all investment plans under income risk

Rodrigues, Paulo Jorge Maurício; Schotman, Peter C. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015617924

The multiverse across asset classes : design uncertainty in asset allocations

Battistella, Arnaud; Bertrand, Jean-Charles; Coqueret, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618265

Carbon home bias of European investors

Boermans, Martijn Adriaan; Galema, Rients - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015440889

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Carbon home bias of European investors

Boermans, Martijn; Galema, Rients - 2023

Book / Working Paper

Asset allocation, diversification, and co-movement effects : a global analysis of bonds and equities issued by the same firm

Liu, Lewis; Clarkson, Peter M. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015485850

ESG in investor profiling : what are we talking about?

Lippi, Andrea; Poli, Federica - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202502

Socially responsible investments inside out : a new conceptual framework for investigating retail investor preferences

Pasquino, Matteo; Lucarelli, Caterina - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202538

The first is free : do employee stocks incentivize stock market participation?

Nielsson, Ulf; Press, Oliver-Alexander - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015323745

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The First is Free : Do Employee Stocks Incentivize Stock Market Participation?

Nielsson, Ulf; Press, Oliver-Alexander - 2022

Book / Working Paper

Chinese household finance impacted by climate change : evidence from stock investment

Chen, Yanyun; Liu, XiangYu; Yao, Ziyan; Tang, Xiaoping - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324135

Sustainability and private investors

Buchanan, Bonnie; Silvola, Hanna; Vähämaa, Emilia - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015324773

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Sustainability and private investors

Buchanan, Bonnie; Silvola, Hanna; Vähämaa, Emilia - 2023

Book / Working Paper

How learning and legitimacy goals influence inter-firm imitation in R&D investment decisions

Mazzelli, Ambra; Foss, Nicolai J. - 2025

Much research has examined the drivers of firms' R&D investments. However, many questions remain with respect to the role of R&D as a learning target and as a means of achieving legitimacy, particularly in the context of imitative R&D strategy. We develop a theory that integrates different...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375395

Determinants of asset allocation decisions of robo-advisors in the Asia-Pacific region

Lai, Thong Yan; Yee Peng Chow - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375620

Do risk preferences drive momentum in cryptocurrencies?

Proelss, Juliane; Schweizer, Denis; Buchwalter, Bastien - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015211092

The impact of hyperbolic discounting on asset accumulation for later life : a study of active investors aged 65 years and over in Japan

Nabeshima, Honoka; Lal, Sumeet; Izumi, Haruka; Himeno, … - 2025

Asset accumulation in later life is a pressing issue in Japan due to the growing gap between life expectancy (87.14 years for women, 81.09 years for men in 2023) and the retirement age (65 or less). This gap heightens financial insecurity, emphasizing the need to meet asset goals by 65....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015331188

Are women more risk averse? : A sequel

Giannikos, Christos; Korkou, Efstathia D. - 2025

This paper reexamines the question of gender differences in financial relative risk aversion using updated methods and data. Specifically, the paper revisits the 1998 work "Are women more risk averse?" by Jianakoplos and Bernasek, suggests refinements in their model in relation to the database...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015331238

Discretionary retirement investment decisions : modeling individuals' retirement budget allocations and the impact of promotion versus prevention orientation

Yang, Yadi; Dellaert, Benedict G. C.; Donkers, Bas; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332573

Do passive investors influence corporate social responsibility? : a risk-management perspective

Hou, Wenxuan; Zhang, Xiaoyu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334540

Trust in the retirement system and investment decisions of property investors

Tajaddini, Reza; Fereidouni, Hassan Gholipour; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334560

Asset pricing in a country embracing religious beliefs and social norms : evidence from the Indonesian stock market

Gunawan, Ridwan; Nakajima, Katsushi - 2025

The debate surrounding the financial performance of Shariah compliance (SC) and socially-responsible (SR) investments versus traditional ones remains controversial. This study pioneers an examination of this issue within Indonesia, a country where SC Investments (SCIs) and SR Investments (SRIs)...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334602

The varying impact of cryptocurrency investments on a company's liquidity in Korean companies

Lee, Namryoung - 2025

This study investigates whether cryptocurrency investments have a distinct impact on corporate liquidity depending on when they are held and the stage of a firm's life cycle at the time of holding, using a sample of Korean companies. The empirical findings first show that cryptocurrency...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015338344