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...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Cambridge, Mass.
National Bureau of Economic Research
2007
|
| Series: | Working paper series / National Bureau of Economic Research
13201 |
| Online Access: | Volltext |
| Summary: | 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. |
| Item Description: | Literaturverz. S. 33 - 36 |
| Physical Description: | 49 S. graph. Darst. 22 cm |
Staff View
MARC
| LEADER | 00000nam a2200000zcb4500 | ||
|---|---|---|---|
| 001 | BV023593110 | ||
| 003 | DE-604 | ||
| 005 | 20080327000000.0 | ||
| 007 | t | ||
| 008 | 070907s2007 xxud||| |||| 00||| eng d | ||
| 035 | |a (OCoLC)255494364 | ||
| 035 | |a (DE-599)GBV538023228 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
| 044 | |a xxu |c XD-US | ||
| 049 | |a DE-521 | ||
| 100 | 1 | |a Ivković, Zoran |d 1965- |e Verfasser |0 (DE-588)129240745 |4 aut | |
| 245 | 1 | 0 | |a Information diffusion effects in individual investors' common stock purchases |b covet thy neighbors' investment choices |c Zoran Ivkovich ; Scott Weisbenner |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2007 | |
| 300 | |a 49 S. |b graph. Darst. |c 22 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 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 | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 13201 |w (DE-604)BV002801238 |9 13201 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w13201.pdf |z kostenfrei |3 Volltext |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-016908440 | ||
Record in the Search Index
| _version_ | 1804138252293111808 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Ivković, Zoran 1965- Weisbenner, Scott J. |
| author_GND | (DE-588)129240745 (DE-588)124526942 |
| author_facet | Ivković, Zoran 1965- Weisbenner, Scott J. |
| author_role | aut aut |
| author_sort | Ivković, Zoran 1965- |
| author_variant | z i zi s j w sj sjw |
| building | Verbundindex |
| bvnumber | BV023593110 |
| ctrlnum | (OCoLC)255494364 (DE-599)GBV538023228 |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02028nam a2200337zcb4500</leader><controlfield tag="001">BV023593110</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">20080327000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">070907s2007 xxud||| |||| 00||| eng d</controlfield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)255494364</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBV538023228</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="044" ind1=" " ind2=" "><subfield code="a">xxu</subfield><subfield code="c">XD-US</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-521</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Ivković, Zoran</subfield><subfield code="d">1965-</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)129240745</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Information diffusion effects in individual investors' common stock purchases</subfield><subfield code="b">covet thy neighbors' investment choices</subfield><subfield code="c">Zoran Ivkovich ; Scott Weisbenner</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cambridge, Mass.</subfield><subfield code="b">National Bureau of Economic Research</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">49 S.</subfield><subfield code="b">graph. Darst.</subfield><subfield code="c">22 cm</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Working paper series / National Bureau of Economic Research</subfield><subfield code="v">13201</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Literaturverz. S. 33 - 36</subfield></datafield><datafield tag="520" ind1="8" ind2=" "><subfield code="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.</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Weisbenner, Scott J.</subfield><subfield code="e">Verfasser</subfield><subfield code="0">(DE-588)124526942</subfield><subfield code="4">aut</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Online-Ausgabe</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">National Bureau of Economic Research <Cambridge, Mass.></subfield><subfield code="t">NBER working paper series</subfield><subfield code="v">13201</subfield><subfield code="w">(DE-604)BV002801238</subfield><subfield code="9">13201</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://papers.nber.org/papers/w13201.pdf</subfield><subfield code="z">kostenfrei</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-016908440</subfield></datafield></record></collection> |
| id | DE-604.BV023593110 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:41:31Z |
| indexdate | 2024-07-09T21:25:14Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016908440 |
| oclc_num | 255494364 |
| open_access_boolean | 1 |
| owner | DE-521 |
| owner_facet | DE-521 |
| physical | 49 S. graph. Darst. 22 cm |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| 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 |
| work_keys_str_mv | AT ivkoviczoran informationdiffusioneffectsinindividualinvestorscommonstockpurchasescovetthyneighborsinvestmentchoices AT weisbennerscottj informationdiffusioneffectsinindividualinvestorscommonstockpurchasescovetthyneighborsinvestmentchoices |