Search results for "Investment behavior"
showing 3 items of 3 documents
Believing in Hidden Plots is Associated with Decreased Behavioral Trust: Conspiracy Belief as Greater Sensitivity to Social Threat or Insensitivity T…
2022
Abstract Past research has demonstrated that conspiracy belief is linked to a low level of self-reported general trust. In four experimental online studies (total N = 1105) we examined whether this relationship translated into actual behavior. Specifically, since the decision to trust relies on the ability to detect potential social threat, we tested whether conspiracy believers are better at detecting actual threat, worse at detecting the absence of threat, or simply trust less, irrespective of any social cue. To this end, participants played multiple, independent rounds of the trust game, a behavioral measure for interpersonal trust. We manipulated social threat by presenting photographs …
The introduction of the Euro and its effects on portfolio decisions
2010
Abstract Examining investment behavior related to the Euro introduction, we address the relevance of different investment determinants. With the advent of the currency union two potential sources of portfolio reallocation can be distinguished: First, the diminishment of exchange rate risk and transaction costs within the EMU. Second, the increase of correlation of EMU returns so that diversification benefits decreased. We test for structural breaks in the holdings of German investors and estimate a market model to account for the two effects. A significant decrease in national and an increase in EMU and rest-of-the-world investments can be observed. Comparing the observed holdings with benc…
Development and validation of the Perceived Investment Value (PIV) scale
2013
This study aims to develop a complementary and more comprehensive measurement to assess the nature of investment value affecting consumers’ investment behavior. Recent research suggests that consumers may desire and obtain certain outcomes from investments that have not been anticipated in mainstream finance and economics literature. These benefits might be hedonistic or altruistic, self-expressive or emotional and experiential. Yet, while an increasing amount of attention has been paid to this topic, little effort has been made to develop an appropriate measurement scale for the subjective consumer perceptions of investments. To address this gap in the literature, this study introduces the…