Investor Sophistication and the Home Bias, Diversification, and Employer Stock Puzzles

By Miles S. Kimball, Tyler Shumway. 2010

135 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/9b47632094b77b72310c49acecec600ce9c60123

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Citations in the corpus

Financial Literacy and the Demand for Financial Advice (2015, unknown): “For instance, more financially illiterate households are more prone to lack of planning for retirement, portfolio under-diversification, and over-indebtedness (Guiso and Jappelli, 2008; Kimball and Shumway, 2007; Lusardi and Mitchell, 2006, 2007; Lusardi and Tufano, 2009).”
How Does Household Portfolio Diversification Vary with Financial Literacy and Financial Advice (2011, unknown): “(4)This characteristic is shared by other questionnaire-type approaches that I am aware of, such as tailormade surveys (Kimball and Shumway, 2010), commercial investor surveys (Graham et al.”
How Should Individual Investors Diversify? An Empirical Evaluation of Alternative Asset Allocation Policies (2014, background): “As such, households often fail to participate in the stock market at all (e.g., Campbell, 2006; Kimball and Shumway, 2010).”
Financial literacy and pension plan participation in Italy* (2011, unknown): “Standard errors are clustered at the regional level. and the tendency to avoid over-indebtedness (Kimball and Shumway, 2007; Guiso and Jappelli, 2008; Lusardi and Tufano, 2008; van Rooij et al., 2011).”
Financial Literacy, Confidence and Financial Advice Seeking (2016, methodology): “We followed the approach of many other authors (see: Lusardi and Mitchell, 2007; Van Rooij et al., 2012; Kimball and Shumway, 2010), asking the respondents about their financial education in school before they entered the job market, which should have been before they started to invest.”
Sustaining Small and Medium Enterprises through Financial Service Utilization: Does Financial Literacy Matter? (2011, methodology): “Literature Review Lusardi Households with low levels of financial literacy are unable to make wise financial decisions (Lusardi and Mitchell, 2007a) and participate less in the formal financial system relative to their more financially-literate counterparts (Alessie, Lusardi and van Rooij (2007); Ho”