作者
James J Choi, David Laibson, Andrew Metrick
发表日期
2002/6/30
期刊
Journal of Financial Economics
卷号
64
期号
3
页码范围
397-421
出版商
North-Holland
简介
We analyze the impact of a Web-based trading channel on trader behavior and performance in two large corporate 401(k) plans. After 18 months of Web access, trading frequency at sample firms doubles relative to a control group of firms without a Web channel. Web trades tend to be smaller than trades made through other channels and Web traders tend to have smaller portfolios than other traders, so the Web's impact on portfolio turnover is substantially smaller than its effect on trading frequency. There is no evidence than any of this new trading on the Web is successful.
引用总数
学术搜索中的文章
JJ Choi, D Laibson, A Metrick - Journal of Financial economics, 2002
JJ Choi, D Laibson, A Metrick - 2000
JJ Choi, D Laibson, A Metrick - Evidence form, 2002
A Metrick, JJ Choi, D Laibson - 2000
JJ Choi, D Laibson, A Metrick - Evidence from Investor Behavior in 401 (k) Plans, 2000
J CHOI - 2000
J Choi - NBER Working Paper Series
How Does the Internet Affect Trading, Evidences from Investor Behavior in 401 (k) Plans, forthcoming*
J Choi, D Laibson, A Metrick - Journal of Financial Economics