Arbeitspapier
Locus of Control and Investment in Risky Assets
We show that household heads with a strong internal economic locus of control are more likely to hold equity and hold a larger share of equity in their investment portfolio. This relation holds when we control for economic preferences and possible confounders such as financial literacy, overconfidence, optimism, trust, and other personality traits. We argue that this relation is driven by a link between internal economic locus of control and a lower perception of the risk of investing inequity. Those with a strong internal economic locus of control perceive less variance in equity, making these investments more attractive.
- Sprache
-
Englisch
- Erschienen in
-
Series: IZA Discussion Papers ; No. 10407
- Klassifikation
-
Wirtschaft
Portfolio Choice; Investment Decisions
Household Saving; Personal Finance
Household Behavior and Family Economics: Other
- Thema
-
household portfolios
personality traits
risk and time preferences
risk perception
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Salamanca, Nicolas
de Grip, Andries
Fouarge, Didier
Montizaan, Raymond
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute of Labor Economics (IZA)
- (wo)
-
Bonn
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Salamanca, Nicolas
- de Grip, Andries
- Fouarge, Didier
- Montizaan, Raymond
- Institute of Labor Economics (IZA)
Entstanden
- 2016
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