Portfolio Concentration and the Performance of Individual Investors

No abstract is available for this paper.

• Publication year

  2008

• Venue

  Journal of Financial and Quantitative Analysis

• Publication date

  2008-09-01

• Fields of study

  Business, Economics

• Identifiers
  DOI 10.1017/S0022109000004233
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

• No claims are published for this paper.

• No concepts are published for this paper.

• Information Acquisition and Under-Diversification

  2010cited by this paper
• Idiosyncratic Volatility and the Cross Section of Expected Returns

  2008influential reference
• Utility functions

  2007cited by this paper
• Do the Diversification Choices of Individual Investors Influence Stock Returns

  2007cited by this paper
• Hedging, Familiarity and Portfolio Choice

  2006influential reference
• Why Do Individual Investors Hold Under-Diversified Portfolios?

  2005influential reference
• Household Portfolio Diversification: A Case for Rank-Dependent Preferences

  2005cited by this paper
• Information Acquisition and Portfolio Under-Diversification

  2005cited by this paper
• Talk and Action: What Individual Investors Say and What They Do

  2005cited by this paper
• Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches

  2005cited by this paper
• On the Industry Concentration of Actively Managed Equity Mutual Funds

  2005cited by this paper
• Analyses in the Economics of Aging

  2005cited by this paper
• Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments

  2003cited by this paper
• Utility Evaluation of Risk in Retirement Saving Accounts

  2003cited by this paper
• Is Money Really 'Smart'? New Evidence on the Relation between Mutual Fund Flows, Manager Behavior, and Performance Persistence

  2003influential reference
• The Local Bias of Individual Investors

  2002cited by this paper
• Who trades ? ∗

  2002cited by this paper
• How Distance, Language, and Culture Influence Stockholdings and Trades

  2001cited by this paper
• Familiarity Breeds Investment

  2001cited by this paper
• The Geography of Investment: Informed Trading and Asset Prices

  2001cited by this paper
• Excessive Extrapolation and the Allocation of 401(k) Accounts to Company Stock

  2001cited by this paper
• Equity Portfolio Diversification

  2001cited by this paper
• Trading Is Hazardous to Your Wealth : The Common Stock Investment Performance of Individual Investors

  2000influential reference
• The investment behavior and performance of various investor types: a study of Finland's unique data set

  2000cited by this paper
• Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors

  2000influential reference
• SURVEY OF CONSUMER FINANCES

  2000cited by this paper
• Do Investors Trade Too Much ?

  2000cited by this paper
• BOYS WILL BE BOYS : GENDER , OVERCONFIDENCE , AND COMMON STOCK INVESTMENT

  1999cited by this paper
• Measuring mutual fund performance with characteristic-based benchmarks

  1997cited by this paper
• Are Investors Reluctant to Realize Their Losses

  1996cited by this paper
• All their eggs in one basket: Portfolio diversification of US households

  1995influential reference
• Changes in family finances from 1989 to 1992: evidence from the Survey of Consumer Finances

  1994cited by this paper
• Common risk factors in the returns on stocks and bonds

  1993cited by this paper
• Working-memory capacity as long-term memory activation: an individual-differences approach.

  1993cited by this paper
• The Persistence of Mutual Fund Performance

  1992cited by this paper
• The Cross‐Section of Expected Stock Returns

  1992influential reference
• A capacity theory of comprehension: individual differences in working memory.

  1992cited by this paper
• Investor Diversification and International Equity Markets

  1991cited by this paper
• Chapter 14 Cognitive Development and the Growth of Capacity: Issues in NeoPiagetian Theory

  1990cited by this paper
• The Development of attention : research and theory

  1990cited by this paper
• A Theory of Intelligence: I. Span and the Complexity of Stimulus Control.

  1977cited by this paper
• The Asset Structure of Individual Portfolios and Some Implications for Utility Functions

  1975cited by this paper
• Survey of consumer finances.

  1973cited by this paper
• How to Use Security Analysis to Improve Portfolio Selection

  1973influential reference
• Attention and Effort

  1973cited by this paper
• What About Mutual Funds

  1967cited by this paper
• The magical number seven plus or minus two: some limits on our capacity for processing information.

  1956influential reference

• Importance of portfolio optimization in SRI and conventional pension funds

  2025cites this paper
• Investing in Reputation

  2025cites this paper
• When does betting on ambidexterity pay off? Exploring SME’s customer relationship strategies during crises

  2025cites this paper
• Fund style drift and fund performance: Evidence from China

  2025cites this paper
• Risk diversification and extreme risk mitigation

  2025cites this paper
• Windfall gains and stock market participation: Evidence from shopping receipt lottery

  2025cites this paper
• Minimum variance investing under sustainability constraints

  2025cites this paper
• Why Do Trading Frenzies Motivate “locals” to Make Better Trading

  2024cites this paper
• The investment behavior of China-connected mutual funds in the pandemic: Information advantage through operational link

  2024cites this paper
• Make Hay While the Sun Shines: An Empirical Study of Maximum Price, Regret and Trading Decisions

  2024cites this paper
• Gender homophily and local bias in equity crowdfunding

  2024cites this paper
• Gender difference in equity portfolio diversification

  2024cites this paper
• The cumulative prospect theory and fund flows in emerging markets

  2024cites this paper
• Digital finance era: Will individual investors become better players?

  2024cites this paper
• Information acquisition and processing skills of institutions and retail investors around information shocks

  2024cites this paper
• Cash holdings and health shocks

  2024cites this paper
• Measuring costly behavioral bias factors in portfolio management: a review

  2024influential citation
• Leverage constraints and investors' choice of underlyings

  2024cites this paper
• Robust and Sparse Portfolio Selection: Quantitative Insights and Efficient Algorithms

  2024cites this paper
• Market participants' trading behavior toward anomalies: Evidence from the Korean market

  2024cites this paper
• Seeking Alpha: More Sophisticated Than Meets the Eye

  2024cites this paper
• Interest Rate and Loan Default in Financial Institutions

  2024cites this paper
• Modelling the composition of household portfolios: A latent class approach

  2023cites this paper
• How Speculative Asset Characteristics Shape Retail Investors’ Selling Behavior

  2023cites this paper
• Individual investment adaptations to COVID-19 lockdowns

  2023cites this paper
• Dissecting returns of non-fungible tokens (NFTs): Evidence from CryptoPunks

  2023cites this paper
• Engaged ETFs and firm performance

  2023cites this paper
• Social sentiment and exchange-specific liquidity at a Eurasian stock exchange outside of US market hours

  2023cites this paper
• An Austrian Critique of Passive Investing

  2023cites this paper
• How do institutional investors react to local shocks during a crisis? A test using the COVID‐19 pandemic

  2023cites this paper
• Student Loans, Employment Readiness, and Labor Market Outcomes

  2023cites this paper
• Do Intermediaries Matter for Stock Returns? A Dynamic Demand System Approach∗

  2023cites this paper
• Switching from commissions on mutual funds to flat-fees: How are advisory clients affected?

  2023cites this paper
• Fund ESG performance and downside risk: Evidence from China

  2023cites this paper
• Effect of Index Concentration on Index Volatility and Performance

  2022cites this paper
• Green credit policy and the net value crash risks of fund holding heavily polluting enterprise stocks: a quasi-natural experiment

  2022cites this paper
• Portfolio weights concentration: optimal strategies and equilibrium implications

  2022cites this paper
• Portfolio selection: from under-diversification to concentration

  2022cites this paper
• Income, trading, and performance: Evidence from retail investors

  2022cites this paper
• Trading concentration and industry-specific information: an analysis of auto complaints

  2022influential citation
• A trading strategy with dual-beta estimates

  2022cites this paper
• Individual Cryptocurrency Investors: Evidence from a Population Survey

  2022cites this paper
• Portfolio concentration, portfolio inertia, and ambiguous correlation

  2022cites this paper
• VC fund preferences and exits of individual investors

  2021cites this paper
• Payouts and stock ownership

  2021cites this paper
• Can Individual Investors Beat the Market?

  2021cites this paper
• Does Secrecy Signal Skill? Own-investor Secrecy and Hedge Fund Performance

  2021cites this paper
• The trading response of individual investors to local bankruptcies

  2021cites this paper
• Does portfolio concentration affect performance? Evidence from corporate bond mutual funds

  2021cites this paper
• The performance of retail investors, trading intensity and time in the market: evidence from an emerging stock market

  2021cites this paper
• Intelligent Asset Allocation using Predictions of Deep Frequency Decomposition

  2021cites this paper
• The Ulysses option: Smoking and delegation in individual investor decisions

  2021cites this paper
• Diversification

  2021cites this paper
• Grit, Loss Aversion, and Investor Behavior

  2021cites this paper
• The price discovery role of day traders in futures market: Evidence from different types of day traders

  2021cites this paper
• Local Bias in Equity Crowdfunding: Evidence from the German Market

  2021cites this paper
• Being Present: The Influence of Mindfulness on Financial Decisions

  2021cites this paper
• Can financial education improve consumer welfare in investment markets? Evidence from China

  2021cites this paper
• Foreign bias in equity portfolios: Informational advantage or familiarity bias?

  2021cites this paper
• Leverage is a Double-Edged Sword∗

  2021cites this paper
• The Disposition Effect in Boom and Bust Markets

  2021cites this paper
• Pollution and Performance: Do Investors Make Worse Trades on Hazy Days?

  2020cites this paper
• Localized Information Acquisition

  2020cites this paper
• The decision to go public and the IPO underpricing with locally biased investors

  2020cites this paper
• There's No Place Like Home: Information Asymmetries, Local Asset Concentration, and Portfolio Returns

  2020cites this paper
• Academic abilities, education and performance in the stock market

  2020cites this paper
• Fund tradeoffs

  2020cites this paper
• Social heterogeneity and local bias in peer-to-peer lending – evidence from China

  2020cites this paper
• The Profitability of Day Trading and the Characteristics of Traders: Evidence from the Taiwan Futures Market Shew-Huei Kuo1 and Teng-Tsai Tu2,*

  2020cites this paper
• Is faster or slower trading better? An examination of order type execution speed and costs

  2020cites this paper
• Investment in Financial Information and Portfolio Performance

  2020cites this paper
• It Ain’t Just What Funds Disclose (It's The Way That They Do It)

  2020cites this paper
• Retail investor experience, asset learning, and portfolio risk-adjusted returns

  2020cites this paper
• Exploitation of Information as a Trading Characteristic: A Causality-Based Analysis of Simulated and Financial Data

  2020cites this paper
• Portfolio concentration and fund manager performance

  2020cites this paper
• GUARANTEE PRODUCT PORTFOLIO: PERFORMANCE AND OPTIMAL PORTFOLIO ANALYSIS

  2020cites this paper
• Saving Active Managers from the Market

  2020cites this paper
• Investment

  2020cites this paper
• The Decision to Concentrate: Active Management, Manager Skill, and Portfolio Size

  2020cites this paper
• Can investment advisors promote rational investment? Evidence from micro-data in China

  2020cites this paper
• Does Internet Research Activity by Sophisticated Investors Lead to Heightened Adverse Selection?

  2020cites this paper
• Taxing the Disposition Effect: The Impact of Tax Awareness on Investor Behavior

  2020cites this paper
• Portfolio Liquidity: Is the Whole More Than the Sum of Its Parts?

  2020cites this paper
• The Active World of Passive Investing

  2020cites this paper
• Does Unobservable Heterogeneity Matter for Portfolio-Based Asset Pricing Tests?

  2020cites this paper
• The Promise & Perils of Plain English Mutual Fund Disclosures

  2020cites this paper
• SAME BANKS AND SAME CLIENTS BUT DIFFERENT PRICING: HOW DO FLAT-FEES FOR MUTUAL FUNDS AFFECT RETAIL INVESTORS?

  2020influential citation
• Returns from Investing in Cryptocurrency: Evidence from German Individual Investors

  2020cites this paper
• Google search volume and individual investor trading

  2020cites this paper
• The home bias and the local bias: A survey

  2020cites this paper
• Portfolio Choice: Familiarity, Hedging, and Industry Bias

  2020cites this paper
• Robo-advisers and Investor Behavior∗

  2020cites this paper
• Financial attention and the disposition effect

  2019cites this paper
• Impact of Investing Characteristics on Financial Performance of Individual Investors: An Exploratory Study

  2019cites this paper
• Foreign market portfolio concentration and performance

  2019cites this paper
• The Promises and Pitfalls of Robo-Advising

  2019cites this paper
• Industry familiarity and trading: Evidence from the personal portfolios of industry insiders

  2019cites this paper
• Relationship Between Risk Aversion Of Individual Investors And Stock Market Participation Decision Among Secondary School Teachers From Nakuru County, Kenya

  2019cites this paper
• Group Risk Parity Strategies for ETFs Portfolios ArTS

  2019cites this paper
• The impact of global interaction on international portfolio investment

  2019cites this paper