Catering to investors through security design: Headline rate and complexity

C Célérier, B Vallée - The Quarterly Journal of Economics, 2017 - academic.oup.com
This study investigates how banks design financial products to cater to yield-seeking
investors. We focus on a large market of investment products targeted exclusively at …

Is conflicted investment advice better than no advice?

J Chalmers, J Reuter - Journal of Financial Economics, 2020 - Elsevier
The benefit of investment advice depends on the quality of advice and the investor's
counterfactual portfolio. We use changes in the Oregon University System Optional …

Financial advice and individual investor portfolio performance

MM Kramer - Financial Management, 2012 - Wiley Online Library
This paper investigates whether financial advisers add value to individual investors' portfolio
decisions by comparing portfolios of advised and self‐directed (execution‐only) Dutch …

Technical analysis and individual investors

AOI Hoffmann, H Shefrin - Journal of Economic Behavior & Organization, 2014 - Elsevier
We find that individual investors who use technical analysis and trade options frequently
make poor portfolio decisions, resulting in dramatically lower returns than other investors …

It takes two to Tango: Households' response to financial advice and the role of financial literacy

O Stolper - Journal of Banking & Finance, 2018 - Elsevier
Using a unique dataset of over 6000 clients of a German advisory firm who have received
rule-based financial advice on basic retirement provision and the insurance of major life …

[图书][B] What is the impact of financial advisors on retirement portfolio choices and outcomes?

J Chalmers, J Reuter - 2012 - nber.org
We study retirement savings decisions and outcomes in Oregon University System's
Optional Retirement Plan (ORP). During our sample period, 32% of ORP participants …

The role of financial advice and word-of-mouth communication on the association between investor personality and stock trading behavior: Evidence from Chinese …

MZ Tauni, HX Fang, A Iqbal - Personality and Individual Differences, 2017 - Elsevier
The purpose of this study is to investigate how the strength of association between investor
personality traits and stock trading behavior is sensitive to the key sources of information …

Investor-advisor Big Five personality similarity and stock trading performance

MZ Tauni, S Yousaf, T Ahsan - Journal of Business Research, 2020 - Elsevier
The purpose of this study is to investigate how investor-advisor similarities (differences) in
Big Five personality are related to stock trading performance. We used an online survey …

Information sources and trading behavior: does investor personality matter?

MZ Tauni, HX Fang, A Iqbal - Qualitative Research in Financial …, 2016 - emerald.com
Purpose This paper aims to investigate the impact of sources of information on trading
behavior by analyzing the influence of investor personality in Chinese futures market …

Do individual investors learn from their mistakes?

M Koestner, B Loos, S Meyer, A Hackethal - Journal of Business …, 2017 - Springer
Based on recent empirical evidence which suggests that as investors gain experience, their
investment performance improves, we hypothesize that the specific mechanism through …