Information diffusion effects in individual investors' common stock purchases: covet thy neighbors' investment choices
We study the relation between households' stock purchases and stock purchases made by their neighbors. A ten percentage point increase in neighbors' purchases of stocks from an industry is associated with a two percentage point increase in households' own purchases of stocks from that...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
13201 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We study the relation between households' stock purchases and stock purchases made by their neighbors. A ten percentage point increase in neighbors' purchases of stocks from an industry is associated with a two percentage point increase in households' own purchases of stocks from that industry. The effect is considerably larger for local stocks and among households in more social states. Controlling for area sociability, households' and neighbors' investment style preferences, and the industry composition of local firms, we attribute approximately one-quarter to one-half of the correlation between households' stock purchases and stock purchases made by their neighbors to word-of-mouth communication. |
| Beschreibung: | Literaturverz. S. 33 - 36 |
| Beschreibung: | 49 S. graph. Darst. 22 cm |
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 13201 | |
| 500 | |a Literaturverz. S. 33 - 36 | ||
| 520 | 8 | |a We study the relation between households' stock purchases and stock purchases made by their neighbors. A ten percentage point increase in neighbors' purchases of stocks from an industry is associated with a two percentage point increase in households' own purchases of stocks from that industry. The effect is considerably larger for local stocks and among households in more social states. Controlling for area sociability, households' and neighbors' investment style preferences, and the industry composition of local firms, we attribute approximately one-quarter to one-half of the correlation between households' stock purchases and stock purchases made by their neighbors to word-of-mouth communication. | |
| 700 | 1 | |a Weisbenner, Scott J. |e Verfasser |0 (DE-588)124526942 |4 aut | |
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Datensatz im Suchindex
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| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
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| spelling | Ivković, Zoran 1965- Verfasser (DE-588)129240745 aut Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices Zoran Ivkovich ; Scott Weisbenner Cambridge, Mass. National Bureau of Economic Research 2007 49 S. graph. Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 13201 Literaturverz. S. 33 - 36 We study the relation between households' stock purchases and stock purchases made by their neighbors. A ten percentage point increase in neighbors' purchases of stocks from an industry is associated with a two percentage point increase in households' own purchases of stocks from that industry. The effect is considerably larger for local stocks and among households in more social states. Controlling for area sociability, households' and neighbors' investment style preferences, and the industry composition of local firms, we attribute approximately one-quarter to one-half of the correlation between households' stock purchases and stock purchases made by their neighbors to word-of-mouth communication. Weisbenner, Scott J. Verfasser (DE-588)124526942 aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 13201 (DE-604)BV002801238 13201 http://papers.nber.org/papers/w13201.pdf kostenfrei Volltext |
| spellingShingle | Ivković, Zoran 1965- Weisbenner, Scott J. Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices |
| title | Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices |
| title_auth | Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices |
| title_exact_search | Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices |
| title_exact_search_txtP | Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices |
| title_full | Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices Zoran Ivkovich ; Scott Weisbenner |
| title_fullStr | Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices Zoran Ivkovich ; Scott Weisbenner |
| title_full_unstemmed | Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices Zoran Ivkovich ; Scott Weisbenner |
| title_short | Information diffusion effects in individual investors' common stock purchases |
| title_sort | information diffusion effects in individual investors common stock purchases covet thy neighbors investment choices |
| title_sub | covet thy neighbors' investment choices |
| url | http://papers.nber.org/papers/w13201.pdf |
| volume_link | (DE-604)BV002801238 |
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