Hedging, Familiarity and Portfolio Choice

By Massimo Massa, Andrei Simonov. 2006

568 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/af817166874f69cdba695e841784b2c2e5da85e0

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Citations in the corpus

Do Portfolio Distortions Reflect Superior Information or Psychological Biases? (2013, unknown): “Massa and Simonov (2006) and Bodnaruk (2009) use Swedish data to show that individual investors benefit by investing locally.”
Twin Picks: Disentangling the Determinants of Risk-Taking in Household Portfolios (2013, unknown): “[63] Massa, Massimo, and Andrei Simonov, 2006, Hedging, familiarity and portfolio choice, Review of Financial Studies 19, 633-685.”
Keynes Meets Markowitz: The Tradeoff Between Familiarity and Diversification (2009, unknown): “…biased toward a few assets outperform diversified portfolios, but the empirical evidence on this is mixed— for example, while Ivković and Weisbenner (2005) and Massa and Simonov (2006) find some support for this hypothesis, Calvet, Campbell, and Sodini (2007) and Goetzman and Kumar (2008) do not.”
Who Are the Value and Growth Investors (2017, unknown): “Moreover, earlier research shows that investors have a 2 propensity to invest in firms that are known to them through their jobs or neighbors (Døskeland and Hvide 2011, Huberman 2001, Massa and Simonov 2006).”
Portfolio Concentration and the Performance of Individual Investors (2008, unknown): “As found by Odean (1999) and Barber and Odean (2000, 2001), many individual investors make poor investment decisions (e.”
Information Diffusion Effects in Individual Investors' Common Stock Purchases: Covet Thy Neighbors' Investment Choices (2007, unknown): “This result adds another dimension to the already documented high degrees of individual investors’ locality, both in the United States [Ivkovi´ c and Weisbenner (2005), Zhu (2002)] and overseas [Grinblatt and Keloharju (2001), Massa and Simonov (2006) ] by suggesting the possibility that strong inf”
Chapter 21 - Household Finance: An Emerging Field∗ (2013, unknown): “In contrast, Massa and Simonov (2006) find that households with income risk positively correlated with their risky portfolio excess return invest a larger fraction of their wealth in equities.”
Neighbors Matter: Causal Community Effects and Stock Market Participation (2008, unknown): “In recognition of the empirical evidence that both professional money managers and individual investors tend disproportionately to invest in stocks of the companies headquartered in their local communities (Coval and Moskowitz (1999, 2001), Ivković and Weisbenner (2005), and Massa and Simonov (2006)”
Are Economists More Likely to Hold Stocks (2007, unknown): “…with respect to how much is invested in the risk-free asset and the risky market portfolio (depending on the investor’s risk aversion) and heterogeneity with respect to the correlation of non-financial income with the return on the portfolio of risky assets (Viceira, 2001; Massa & Simonov, 2005).”
Is the crowd sensitive to distance?—how investment decisions differ by investor type (2017, unknown): “Massa and Simonov (2006) suggest that familiarity is information-driven.”
Fear of the Unknown: Familiarity and Economic Decisions (2007, background): “…from https://academ ic.oup.com /rof/article-abstract/15/1/173/1578391 by U niversity of C alifornia, Irvine user on 03 July 2020 Huberman, 2001; Massa and Simonov, 2006).5 In pension fund investments, many people invest a significant fraction of their discretionary contributions in their own…”
Information Networks: Evidence from Illegal Insider Trading Tips (2017, background): “The most closely related paper is Meulbroek (1992) , which uses SEC cases from the 1980s to show that insider trading affects takeover prices. Other papers focus on the effect of illegal insider trading on merger run-ups, including Jarrell and Poulsen (1989) , Schwert (1996) , and Fishe and Robe (20”