Proximity Bias In Investors Portfolio Choice PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Proximity Bias In Investors Portfolio Choice PDF full book. Access full book title Proximity Bias In Investors Portfolio Choice.

Proximity Bias in Investors’ Portfolio Choice

Proximity Bias in Investors’ Portfolio Choice
Author: Ted Lindblom
Publisher: Springer
Total Pages: 291
Release: 2017-08-06
Genre: Business & Economics
ISBN: 3319547623

Download Proximity Bias in Investors’ Portfolio Choice Book in PDF, ePub and Kindle

This book helps readers understand the widely documented distortion in the portfolio choice of individual investors toward proximate firms – the proximity bias phenomenon. First, it recapitulates the fundamentals of modern portfolio theory. It then goes on to describe and demonstrate different approaches on how to measure proximity bias and identifies and examines potential motives and reasons for such a bias. In addition, the book presents new analysis on the financial effects of individual investors’ proximity bias, explaining and contributing with possible policy implications on their portfolio distortion. This book will be of interest to students and researchers, as well as decision-makers in business firms and households.


Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)

Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023)
Author: Yusheng Jiao
Publisher: Springer Nature
Total Pages: 535
Release: 2023-11-26
Genre: Business & Economics
ISBN: 9464632704

Download Proceedings of the 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023) Book in PDF, ePub and Kindle

This is an open access book.With the advent of economic globalization and the information technology revolution, especially the dawn of the era of network economy marked by the Internet, human society is embarking on a transition from an industrial society to an information society, and from industrial civilization to information civilization. In recent years, domestic Internet business has become more and more prosperous. In order to adapt to the development of the new media era, many traditional industries have extended their business to the Internet field. Among them, the most prominent is the financial business. Thanks to the operation of Internet business, the efficiency of financial services has been rapidly improved. However, the rapid development of the Internet has also brought certain practical problems that must be faced. This conference has therefore been convened in the hope of engaging in an in-depth exchange with scholars in the following aspects: Acquaint yourself with the development status of Internet finance and the digital economy in various countries and deepen the elaboration of the concept of financial Internet; Summarize the characteristics of Internet finance in the world and propose solutions to the problems faced by Internet finance; Understand academic development trends, broaden research ideas, strengthen academic research and discussion, and promote the industrialization cooperation of academic achievements; Promote the institutionalization and standardization of management science through modern research. The previous conference of ICIFDE took place in Guangzhou, China (Online). ICIFDE 2023 will come back this year on August 04–06 and it will provide a valuable and face-to-face opportunity for researchers, scholars and some scientists to exchange their ideas. Distinguished by its strong organizational team, dependable reputation and prestigious sponsors across the globe, ICIFDE 2023 is an annual conference on Internet Finance and the Digital Economy for all researchers, both domestic and international. ICIFDE started in 2021, and all papers accepted in the last session of ICIFDE have been successfully published. The 3rd International Conference on Internet Finance and Digital Economy (ICIFDE 2023) will be held in Chengdu, China on August 04–06, 2023. We warmly invite you to participate in ICIFDE 2023 and look forward to seeing you in Chengdu, China.


Equity Home Bias in International Finance

Equity Home Bias in International Finance
Author: Kavous Ardalan
Publisher: Routledge
Total Pages: 393
Release: 2019-05-17
Genre: Business & Economics
ISBN: 1000008274

Download Equity Home Bias in International Finance Book in PDF, ePub and Kindle

This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle – that people overinvest in domestic stocks relative to the theoretically optimal investment portfolio. It introduces place attachment – the bonding that occurs between individuals and their meaningful environments – as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment. For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias. The book’s unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.


Behavioral Biases and Portfolio Choice

Behavioral Biases and Portfolio Choice
Author: Massimo Massa
Publisher:
Total Pages:
Release: 2003
Genre:
ISBN:

Download Behavioral Biases and Portfolio Choice Book in PDF, ePub and Kindle

We investigate the way investors react to prior gains/losses and the so called quot;familiarityquot; bias. We use a new and unique dataset with detailed information on investors' various components of wealth, income, demographic characteristics and portfolio holdings identified at the stock level. We distinguish between different behavioral theories (loss aversion, house-money effect) and between behavioral and rational hypotheses (pure familiarity and information-based familiarity). We show that, on a yearly horizon, investors react to previous gains/losses according to the house-money effect. In terms of individual stock picking, we provide evidence in favor of the information-based theory and show that familiarity can be considered as a proxy for the availability of information as opposed to behavioral heuristics.


The Psychology of Investing

The Psychology of Investing
Author: John R. Nofsinger
Publisher: Taylor & Francis
Total Pages: 236
Release: 2022-09-28
Genre: Business & Economics
ISBN: 1000652467

Download The Psychology of Investing Book in PDF, ePub and Kindle

While traditional finance focuses on the tools used to optimize return and minimize risk, this book shows how psychology can explain our decisions more than financial theory. Analyzing how investors behave in the real world, this is the first book of its kind to delve into the ways biases influence investment behavior, and how overcoming these biases can increase financial success. Now in its seventh edition, this classic text features: An easy-to-understand structure, illustrating psychological biases as everyday behavior; analyzing their effect on investment decisions; and concluding with academic studies that show real-life investors making choices that hurt their wealth New content on fintech and cryptocurrencies, the role of social media in investing, generational biases, and the COVID-19 pandemic Experiential examples, chapter summaries, and end-of-chapter discussion questions to help readers test their practical understanding Online supplements comprising PowerPoint slides for both students and lecturers Fully updated with the latest research in the field, The Psychology of Investing will prove fascinating and educational for advanced students in behavioral finance, investment and portfolio management classes, as well as investors and financial planners.


Equity Home Bias in International Finance

Equity Home Bias in International Finance
Author: Kavous Ardalan
Publisher: Routledge
Total Pages: 230
Release: 2019-05-17
Genre: Business & Economics
ISBN: 1000001431

Download Equity Home Bias in International Finance Book in PDF, ePub and Kindle

This book provides a comprehensive and critical analysis of research outcomes on the equity home bias puzzle – that people overinvest in domestic stocks relative to the theoretically optimal investment portfolio. It introduces place attachment – the bonding that occurs between individuals and their meaningful environments – as a new explanation for equity home bias, and presents a philosophically multi-paradigmatic view of place attachment. For the first time, a comprehensive and up-to-date review of the extant literature is provided, demonstrating that place attachment is a contributing factor to 22 different topics in which variations of home bias are present. The author also analyses the social-psychological underpinnings of place attachment, and considers the effect of multi-culturalism on the future of equity home bias. The book’s unique approach discusses the issues in conceptual terms rather than through data and statistical methods. This multi- and inter-disciplinary book is an invaluable resource for graduate students and researchers interested in economics, finance, philosophy, and/or methodology, introducing them to a new line of research.


International Finance

International Finance
Author: H. Kent Baker
Publisher: Oxford University Press
Total Pages: 701
Release: 2013-01-17
Genre: Business & Economics
ISBN: 0199754659

Download International Finance Book in PDF, ePub and Kindle

Understanding the current state of affairs and tools available in the study of international finance is increasingly important as few areas in finance can be divorced completely from international issues. International Finance reflects the new diversity of interest in international finance by bringing together a set of chapters that summarizes and synthesizes developments to date in the many and varied areas that are now viewed as having international content. The book attempts to differentiate between what is known, what is believed, and what is still being debated about international finance. The survey nature of this book involves tradeoffs that inevitably had to be made in the process given the vast footprint that constitutes international finance. No single book can cover everything. This book, however, tries to maintain a balance between the micro and macro aspects of international finance. Although each chapter is self-contained, the chapters form a logical whole that follows a logical sequence. The book is organized into five broad categories of interest: (1) exchange rates and risk management, (2) international financial markets and institutions, (3) international investing, (4) international financial management, and (5) special topics. The chapters cover market integration, financial crisis, and the links between financial markets and development in some detail as they relate to these areas. In each instance, the contributors to this book discuss developments in the field to date and explain the importance of each area to finance as a field of study. Consequently, the strategic focus of the book is both broad and narrow, depending on the reader's needs. The entire book provides a broad picture of the current state of international finance, but a reader with more focused interests will find individual chapters illuminating on specific topics.


Handbook of Financial Decision Making

Handbook of Financial Decision Making
Author: Gilles Hilary
Publisher: Edward Elgar Publishing
Total Pages: 463
Release: 2023-08-14
Genre: Business & Economics
ISBN: 1802204172

Download Handbook of Financial Decision Making Book in PDF, ePub and Kindle

This accessible Handbook provides an essential entry point for those with an interest in the increasingly complex subject of financial decision making. It sheds light on new paradigms in society and the ways that new tools from private actors have affected financial decision making. Covering a broad range of key topics in the area, leading researchers summarize the state-of-the-art in their respective areas of expertise, delineating their projections for the future.


Developments in Mean-Variance Efficient Portfolio Selection

Developments in Mean-Variance Efficient Portfolio Selection
Author: M. Agarwal
Publisher: Springer
Total Pages: 258
Release: 2015-12-11
Genre: Business & Economics
ISBN: 1137359927

Download Developments in Mean-Variance Efficient Portfolio Selection Book in PDF, ePub and Kindle

This book discusses new determinants for optimal portfolio selection. It reviews the existing modelling framework and creates mean-variance efficient portfolios from the securities companies on the National Stock Exchange. Comparisons enable researchers to rank them in terms of their effectiveness in the present day Indian securities market.


Cracking the Emerging Markets Enigma

Cracking the Emerging Markets Enigma
Author: G. Andrew Karolyi
Publisher: Oxford University Press
Total Pages: 285
Release: 2015-05-01
Genre: Business & Economics
ISBN: 0199336644

Download Cracking the Emerging Markets Enigma Book in PDF, ePub and Kindle

Forward-thinking investors are constantly looking for the next BRIC-what foreign market is on the brink of expansive growth? Will these investments payoff, or are the potential risks too great? Investing in these emerging markets requires a careful analysis of potential risks and benefits which vary greatly from country to country and even from day to day. In Cracking the Emerging Markets Enigma, emerging markets expert Andrew Karolyi outlines a practical strategy for evaluating the opportunities and-more importantly-the risks of investing in emerging markets. Karolyi's proposed system evaluates multiple dimensions of the potential risks faced by prospective investors. These categories of risk reflect the uneven quality or fragility of the various institutions designed to assure integrity in capital markets-political stability, corporate opacity, limits placed on foreign investors, and more. By distilling these analyses into a numerical scoring system, Karolyi has devised a way to assess with ease emerging markets by different dimensions of risk and across all dimensions together. This novel assessment framework already has been tested in the market to great success. Researchers, students, firms, and both seasoned and novice investors are poised to gain a clear understanding of how to evaluate potential investments in emerging markets to maximize profits.