Standard financial theory does not distinguish categories of investors, in terms of optimal portfolios or trading strategies. Obviously there is a gap between individual investors and mutual funds because the investment problem is quite different, due to constraints, market imperfections and behavioral biases. In this paper we focus on individual investor?s portfolios and trading behavior. We compare what is predicted by portfolio choice theory to what really happens on financial markets. We then develop some of the alternative theories explaining the behavior of individual investors.
Auteurs :Broihanne Marie-Hélène Extrait de la revue BMI 118
The Great Divergence: French Equity Premium is Lower and Riskier than the US since WWI Is the KIID Sufficient to Associate Portfolios to Investor Profiles? Momentum Investing over the Last Twenty Years in France, its Persistence and the Effects of the Financial Crisis On the Performance of Socially Responsible Investing: Further Evidence Focus on... The Individual Investor
The Performance of Islamic Investment: Evidence from the Dow Jones Islamic Indexes Volatility Strategies for Global and Country Specific European Investors Problem Loans in the MENA Countries: Bank Specifi c Determinants and the Role of the Business and the Institutional Environment Short Term Wealth Creation Sustainability of French Acquirers of Unlisted versus Listed Firms Financial flexibility
The Great Divergence: French Equity Premium is Lower and Riskier than the US since WWI Is the KIID Sufficient to Associate Portfolios to Investor Profiles? Momentum Investing over the Last Twenty Years in France, its Persistence and the Effects of the Financial Crisis On the Performance of Socially Responsible Investing: Further Evidence Focus on... The Individual Investor
The Performance of Islamic Investment: Evidence from the Dow Jones Islamic Indexes Volatility Strategies for Global and Country Specific European Investors Problem Loans in the MENA Countries: Bank Specifi c Determinants and the Role of the Business and the Institutional Environment Short Term Wealth Creation Sustainability of French Acquirers of Unlisted versus Listed Firms Financial flexibility
