Kiel Working Papers, Kiel Institute for World Economics
No 937:
Die Anlageentscheidungen deutscher Investoren ; Der empirische Befund
Susanne Lapp
Abstract: Bond as well as stock portfolios of German investors are
compared to the respective mean-variance-efficient portfolios. It is found
that independent of the investors' degree of risk aversion, German
investors' portfolios deviate significantly from the
mean-variance-efficient ones, especially the portfolio shares held in
German assets is far too extensive. Accordingly, German portfolios are
heavily home biased.
JEL-Codes: G1; (follow links to similar papers)
39 pages, July 1999
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Downloadable files:
kap?selectedYear=1999
Download Statistics
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design Joakim Ekebom