Information diffusion effects in individual investors' common stock purchases covet thy neighbors' investment choices

We study the relation between households' stock purchases and stock purchases made by their neighbors. A ten percentage point increase in neighbors' purchases of stocks from an industry is associated with a two percentage point increase in households' own purchases of stocks from that...

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Bibliographische Detailangaben
1. Verfasser: Ivković, Zoran (VerfasserIn)
Weitere Verfasser: Weisbenner, Scott J. (VerfasserIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2007
Schriftenreihe:NBER working paper series 13201
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