Essays about: "Limited stock market participation"

Found 2 essays containing the words Limited stock market participation.

1. 1. The Effect of House Price Risk on Homeowners' Portfolio Choice

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Yuhuang Sun; [2020]
   Keywords : Household finance; House price risk; Limited stock market participation; Hedging motive;

   Abstract : Using the 2017 wave of China Household Finance Survey (CHFS), this paper studies how house price risk affects homeowners' stock market participation and share of liquid financial wealth invested in stocks conditional on not moving. Exploiting the subsample of homeowners whose tenure choices are exogenous due to the institutional changes during the Chinese housing market privatization, this study finds that the correlation between housing return and stock return has a crowding-out effect on both stock market participation and stock shares among participants. READ MORE

3. 2. Inter-Asset-Class Volatility - A Forward Looking Measure Rooted in Investors' Realities

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Markus Thomas; [2012]
   Keywords : Volatility regimes; Risk; Portfolio optimization;

   Abstract : The aim of this study is to better understand the causes of repeated periods of extreme volatility in financial systems The study conceptualizes and quantifies Inter-Asset-Class Volatility (IAV) as a for-ward looking proxy for volatility in financial system to reframe the phenomenon in a reality oriented setting. IAV aims to capture the total revaluation potential arising from reallocations among all asset classes in the analyzed system. READ MORE