Auflistung LIF-SAFE Working Papers nach Autor "Pirschel, Jenny"
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The Trading Response of Individual Investors to Local Bankruptcies
Laudenbach, Christine; Loos, Benjamin; Pirschel, Jenny; Wohlfart, Johannes (2020-03-20)We use data from a German online brokerage and a survey to show that retail investors sharply reduce risk-taking in response to nearby firm bankruptcies, which are not predictive of returns. The effects on trading are ...