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Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/22017
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dc.contributor.authorLee, Boramen_UK
dc.contributor.authorRosenthal, Leonarden_UK
dc.contributor.authorVeld, Chrisen_UK
dc.contributor.authorVeld-Merkoulova, Yuliaen_UK
dc.date.accessioned2015-08-04T23:35:02Z-
dc.date.available2015-08-04T23:35:02Z-
dc.date.issued2015-07en_UK
dc.identifier.urihttp://hdl.handle.net/1893/22017-
dc.description.abstractWe study the relationship between stock market return expectations and risk aversion of individuals and test whether the joint effects arising from the interaction of these two variables affect investment decisions. Using data from the Dutch National Bank Household Survey, we find that higher risk aversion is associated with lower stock market expectations. We identify significant and negative effects on the probability that individuals invest in stocks arising from the interaction between stock market expectations and risk aversion. These effects are in addition to a significant and positive impact from stock market return expectations as well as a significant and negative effect from risk aversion separately. However, once individuals participate in the stock market, their stock market expectations alone remain significant in determining their portfolio allocation decisions.en_UK
dc.language.isoenen_UK
dc.publisherElsevieren_UK
dc.relationLee B, Rosenthal L, Veld C & Veld-Merkoulova Y (2015) Stock market expectations and risk aversion of individual investors. International Review of Financial Analysis, 40, pp. 122-131. https://doi.org/10.1016/j.irfa.2015.05.011en_UK
dc.rightsThe publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.en_UK
dc.rights.urihttp://www.rioxx.net/licenses/under-embargo-all-rights-reserveden_UK
dc.subjectPortfolio allocationen_UK
dc.subjectStock market expectationen_UK
dc.subjectRisk aversionen_UK
dc.subjectIndividual investoren_UK
dc.titleStock market expectations and risk aversion of individual investorsen_UK
dc.typeJournal Articleen_UK
dc.rights.embargodate2999-12-25en_UK
dc.rights.embargoreason[1-s2.0-S1057521915000939-main.pdf] The publisher does not allow this work to be made publicly available in this Repository therefore there is an embargo on the full text of the work.en_UK
dc.identifier.doi10.1016/j.irfa.2015.05.011en_UK
dc.citation.jtitleInternational Review of Financial Analysisen_UK
dc.citation.issn1057-5219en_UK
dc.citation.volume40en_UK
dc.citation.spage122en_UK
dc.citation.epage131en_UK
dc.citation.publicationstatusPublisheden_UK
dc.citation.peerreviewedRefereeden_UK
dc.type.statusVoR - Version of Recorden_UK
dc.author.emailboram.lee@stir.ac.uken_UK
dc.citation.date24/05/2015en_UK
dc.contributor.affiliationAccounting & Financeen_UK
dc.contributor.affiliationBentley Universityen_UK
dc.contributor.affiliationMonash Universityen_UK
dc.contributor.affiliationMonash Universityen_UK
dc.identifier.isiWOS:000357546700011en_UK
dc.identifier.scopusid2-s2.0-84930257619en_UK
dc.identifier.wtid595740en_UK
dc.date.accepted2015-05-13en_UK
dcterms.dateAccepted2015-05-13en_UK
dc.date.filedepositdate2015-07-10en_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeJournal Article/Reviewen_UK
rioxxterms.versionVoRen_UK
local.rioxx.authorLee, Boram|en_UK
local.rioxx.authorRosenthal, Leonard|en_UK
local.rioxx.authorVeld, Chris|en_UK
local.rioxx.authorVeld-Merkoulova, Yulia|en_UK
local.rioxx.projectInternal Project|University of Stirling|https://isni.org/isni/0000000122484331en_UK
local.rioxx.freetoreaddate2999-12-25en_UK
local.rioxx.licencehttp://www.rioxx.net/licenses/under-embargo-all-rights-reserved||en_UK
local.rioxx.filename1-s2.0-S1057521915000939-main.pdfen_UK
local.rioxx.filecount1en_UK
local.rioxx.source1057-5219en_UK
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