Financial literacy and portfolio diversification

By Margarida Abreu, V. Mendes. 2010

422 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/df73a89a9cbf89f3534ea3123ff012ab33830c22

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Citations in the corpus

Can You Help Someone Become Financially Capable?: A Meta-Analysis of the Literature (2015, background): “2011; Bucher-Koenen and Lusardi 2011; Lusardi and Mitchell 2012; 2007); investment decisions such as diversification (Abreu and Mendes 2010) and investments in equities (Van Rooij et al. 2011; Christelis et al. 2010); credit management and satisfaction; and mortgage performance (Gerardi et al. 2010;”
The Effects of Perceived and Actual Financial Literacy on Financial Behaviors (2016, positive): “For each item we expected that greater financial literacy would increase the likelihood of participation in these types of investment activities based on previous research (Abreu and Mendes 2010; van Rooij et al. 2011b).”
Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets (2018, positive): “Van Rooij, Lusardi, and Alessie (2011) find that those with low financial literacy are much less likely to invest in stocks and Guiso and Jappelli (2008) show that measures of financial literacy are strongly correlated with the degree of portfolio diversification.”
Financial literacy and pension plan participation in Italy* (2011, neutral): “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 and financial behavior: Evidence from the emerging Asian middle class (2018, positive): “Apart from better retirement planning, financially literate individuals are more likely to invest in stocks (Christiansen et al., 2008; Van Rooij et al., 2011a) and have more diverse portfolios (Guiso and Jappelli, 2008; Abreu and Mendes, 2010).”
Financial Literacy and the Demand for Financial Advice (2015, positive): “The financial literacy measure is constructed as in Guiso and Jappelli (2008) and equals the number of correct answers to eight questions on interest, inflation, understanding risk diversification and understanding the riskiness of various financial products.”