Active Trading and (Poor) Performance : The Social Transmission Channel

Active Trading and (Poor) Performance : The Social Transmission Channel

Individuals often invest actively and generate inferior returns. Social interactions might exacerbate this tendency, but the causal effect from peer effects on active trading are difficult to identify empirically. This paper exploits the exogenous...

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Bibliographic Details
Main Authors: Escobar, Laura, Pedraza, Alvaro
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
STOCK MARKET
MARKET PARTICIPATION
PEER EFFECTS
ACTIVE TRADING
PENSION FUNDS
SAVINGS BEHAVIOR
Online Access:http://documents.worldbank.org/curated/en/901281551966282262/Active-Trading-and-Poor-Performance-The-Social-Transmission-Channel
http://hdl.handle.net/10986/31361

Internet

http://documents.worldbank.org/curated/en/901281551966282262/Active-Trading-and-Poor-Performance-The-Social-Transmission-Channel
http://hdl.handle.net/10986/31361

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