Consumer biases and competences in company stock holdings

Christine W. Lai*, Jing Jian Xiao

*此作品的通信作者

    研究成果: 雜誌貢獻期刊論文同行評審

    7 引文 斯高帕斯(Scopus)

    摘要

    Consumers may make inefficient investment decisions in holding their own-company stocks because of several biases documented by the literature of behavioral economics, such as company stock bias, home bias, and mere exposure effect. Consumers with high levels of competences may be likely to overcome biases and make effective investment decisions. Using data from the 2004 and 2007 Surveys of Consumer Finances, evidence suggests the existence of the biases and competences, whereas a higher level of consumer competence can partially offset the influence of consumer biases.

    原文英語
    頁(從 - 到)179-212
    頁數34
    期刊Journal of Consumer Affairs
    44
    發行號1
    DOIs
    出版狀態已發佈 - 2010 三月 1

    ASJC Scopus subject areas

    • 社會學與政治學
    • 經濟學、計量經濟學和金融學 (全部)

    指紋

    深入研究「Consumer biases and competences in company stock holdings」主題。共同形成了獨特的指紋。

    引用此