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29th Annual Conference on Financial Economics & Accounting 2018 (Archive)最新文献

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Is There Investment Value in Soft Dollar Arrangements? Evidence from Mutual Funds 软美元安排有投资价值吗?共同基金的证据
29th Annual Conference on Financial Economics & Accounting 2018 (Archive) Pub Date : 2021-04-30 DOI: 10.2139/ssrn.3225133
Sinan Gokkaya, Xi Liu, V. Pool, Feixue Xie, Jinfan Zhang
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引用次数: 0
Political Uncertainty and Household Stock Market Participation 政治不确定性与家庭股票市场参与
29th Annual Conference on Financial Economics & Accounting 2018 (Archive) Pub Date : 2019-02-01 DOI: 10.2139/ssrn.3068792
V. Agarwal, H. Aslan, Lixin Huang, Honglin Ren
{"title":"Political Uncertainty and Household Stock Market Participation","authors":"V. Agarwal, H. Aslan, Lixin Huang, Honglin Ren","doi":"10.2139/ssrn.3068792","DOIUrl":"https://doi.org/10.2139/ssrn.3068792","url":null,"abstract":"Using micro-level panel data and a difference-in-differences identification strategy, we study the effect of political uncertainty on household stock market participation. We find that households significantly reduce their participation and reallocate funds to safer assets during periods of increased political uncertainty. The decline in participation is related to households’ response to elevated asset risk and their incentive to hedge increased labor income risk. In situations where uncertainty remains high after elections, pre-election reduction in participation is only partially reversed, reflecting a prolonged distortion in household stock investments, which can have implications for households, firms, and the economy in general.","PeriodicalId":367054,"journal":{"name":"29th Annual Conference on Financial Economics & Accounting 2018 (Archive)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114359721","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 16
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