Most cited paper "Equity Portfolio Diversification" by William N. Goetzmann and Alok Kumar in Review of Finance, Volume 12, Issue 3, 2008, Pages 433–463, https://lnkd.in/dD64A-s Published: 28 March 2008 Abstract This study shows that U.S. individual investors hold under-diversified portfolios, where the level of under-diversification is greater among younger, low-income, less-educated, and less-sophisticated investors. The level of under-diversification is also correlated with investment choices that are consistent with over-confidence, trend-following behavior, and local bias. Furthermore, investors who over-weight stocks with higher volatility and higher skewness are less diversified. In contrast, there is little evidence that portfolio size or transaction costs constrains diversification. Under-diversification is costly to most investors, but a small subset of investors under-diversify because of superior information. JEL G11 - Portfolio Choice; Investment DecisionsG12 - Asset Pricing; Trading volume; Bond Interest Rates Oxford University Press OUP Academic Yale School of Management Texas McCombs School of Business European Finance Association
European Finance Association’s Post
More Relevant Posts
-
We hope you enjoy this summary of news about the European Finance Association, our events and journal Review of Finance
News from European Finance Association July 2024
European Finance Association on LinkedIn
To view or add a comment, sign in
-
Do you need a Visa to attend the EFA Annual Meeting in Bratislava? Slovak Republic is a Member State of the European Union (EU) and thus Member State of the Schengen Area. Generally, non-EU citizens need a Schengen visa to stay in the Slovak Republic. If you require an invitation letter for visa purposes, you can request one via email from EFA/National Bank of Slovakia. Please note that while this invitation letter may help facilitate the visa issuance process, it does not guarantee that your visa application will be approved. It is your responsibility to apply for a visa on time and provide any additional supporting documentation as required. If your visa application is declined, NBS/EFA cannot arrange for the issuance of your visa on your behalf. Please be aware that as the local organizer of the event, the National Bank of Slovakia is not obligated to issue an invitation letter if there is suspicion that visas may be misused for a purpose other than attending the conference. If you need an invitation letter to obtain a visa, please send your request to: efa2024@efa.nbs.sk. Please include your name and surname, type of passport, passport number, issuing country and expiration date of the passport. European Finance Association Národná banka Slovenska https://lnkd.in/e-RKJAm2
Visa questions - Attending the Annual Meeting of European Finance Association 2024 in Bratislava
https://efa2024.efa-meetings.org
To view or add a comment, sign in
-
New advance article (accepted manuscript) 'Attribute Misreporting and Appraisal Bias' by Mike Eriksen, Chun (KC) Kuang, Wenyu Zhu in Review of Finance, rfad041, https://lnkd.in/eawUDZWv Published: 28 June 2024 Abstract We assemble a property-level panel of appraiser-reported attributes associated with 4.6 million loan applications from 2013 to 2017 to test whether attributes were consistently reported. Appraisers have an incentive to misreport property attributes to justify higher appraised values to ensure associated mortgage loans are approved. We focus on property transactions with multiple sets of attributes reported by the same appraiser within 4 quarters and find evidence consistent with an intent to inflate valuations through attribute misreporting. We find that strategic misreporting of attributes is prevalent across markets, and that highly leveraged borrowers whose appraisals had inconsistently reported attributes were 9.8% more likely to become seriously delinquent in their loan payments. European Finance Association
NEW 'Attribute Misreporting and Appraisal Bias' by Michael D Eriksen, Chun Kuang, Wenyu Zhu in RF
academic.oup.com
To view or add a comment, sign in
-
Early bird ends Sunday! don't miss it!
Early-bird registration ends on Sunday June 30. Early bird-rates are available through Sunday, June 30, 2024. After this date, regular fees will apply. Participants must become EFA members before registering. Register here https://lnkd.in/erDt345F Hotels release on Sunday June 30. On June 30, our hotel partners will release the pre-booked rooms. Please book a room before the end of June to secure a room within walking distance from the conference venues. Book a room here https://lnkd.in/e89q_8HV We look forward to meeting you in Bratislava! Lubos Pastor EFA 2024 Program Chair University of Chicago European Finance Association
To view or add a comment, sign in
-
Early-bird registration ends on Sunday June 30. Early bird-rates are available through Sunday, June 30, 2024. After this date, regular fees will apply. Participants must become EFA members before registering. Register here https://lnkd.in/erDt345F Hotels release on Sunday June 30. On June 30, our hotel partners will release the pre-booked rooms. Please book a room before the end of June to secure a room within walking distance from the conference venues. Book a room here https://lnkd.in/e89q_8HV We look forward to meeting you in Bratislava! Lubos Pastor EFA 2024 Program Chair University of Chicago European Finance Association
To view or add a comment, sign in
-
Early-bird registration ends on June 30. Early bird-rates are available through Sunday, June 30, 2024. After this date, regular fees will apply. Participants must become EFA members before registering. Register here https://lnkd.in/erDt345F Hotels release on June 30. On June 30, our hotel partners will release the pre-booked rooms. Please book a room before the end of June to secure a room within walking distance from the conference venues. Book a room here https://lnkd.in/e89q_8HV We look forward to meeting you in Bratislava! Lubos Pastor EFA 2024 Program Chair University of Chicago
To view or add a comment, sign in
-
Early-bird registration ends on June 30. Early bird-rates are available through Sunday, June 30, 2024. After this date, regular fees will apply. Participants must become EFA members before registering. Register here https://lnkd.in/erDt345F Hotels release on June 30. On June 30, our hotel partners will release the pre-booked rooms. Please book a room before the end of June to secure a room within walking distance from the conference venues. Book a room here https://lnkd.in/e89q_8HV We look forward to meeting you in Bratislava! Lubos Pastor EFA 2024 Program Chair University of Chicago Scientific Committee Francesca Bastianello, University of Chicago Emanuele Colonnelli, University of Chicago George Constantinides, University of Chicago Niels Gormsen, University of Chicago John Heaton, University of Chicago Steven Kaplan, University of Chicago Anil Kashyap, University of Chicago Yueran Ma, University of Chicago Stefan Nagel, University of Chicago Scott Nelson, University of Chicago Pascal Noel, University of Chicago Carolin Pflueger, University of Chicago Raghuram Rajan, University of Chicago Amir Sufi, University of Chicago Quentin Vandeweyer, University of Chicago Michael Weber, University of Chicago Constantine Yannelis, University of Chicago Anthony Zhang, University of Chicago Luigi Zingales, University of Chicago Eric Zwick, University of Chicago
Early-bird registration ends on June 30
https://efa2024.efa-meetings.org
To view or add a comment, sign in
-
Zacharias Sautner is a member of the Executive Committee of European Finance Association. Review of Finance is our official journal.
𝗖𝗼𝗻𝗴𝗿𝗮𝘁𝘀! Research from SFI Prof. Zacharias Sautner (Universität Zürich) et al. published in the Review of Finance. https://lnkd.in/ei6YscvD 🌍📉The authors reveal that engaging with environmental, social, and governance (ESG) issues can reduce firms' downside risks, benefiting shareholders. Notably, addressing environmental topics, especially climate change, is the most effective. #ESG #SustainableInvesting #ClimateChange #FinanceResearch
To view or add a comment, sign in
-
NEWS! Increased impact factor for our journal Review of Finance
We are pleased to announce that the 2023 Journal Impact Factors have been released, and the Review of Finance has achieved an Impact Factor of 5.6. This represents a 27% increase from the 2022 Impact Factor of 4.4. We would like to thank authors for submitting their best work, our referees for their dedicated service, and our past and present editorial boards for their efforts in upholding the RF's high standards. Thank you all for your continued support and contributions to the Review of Finance.
To view or add a comment, sign in
5,908 followers
PhD Candidate @ IIMBG | IIMB | IIMC
1moCongratulations, Prof. Alok Kumar and Prof. William N. Goetzmann. 🎉🎉🎉