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Financial Advice and Individual Investor Portfolio Performance
16 references·16 citing·29 second hopsampled
Financial Advice and Individual Investor Portfolio Performance (2012)Financial Advice and Individual Investor …Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)Luck versus Skill in the Cros…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Equity Portfolio Diversification (2008)Equity Portfolio Diversificat…All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)All That Glitters: The Effect…Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments (2005)Local Does as Local Is: Infor…Risks and Portfolio Decisions Involving Hedge Funds (2003)Risks and Portfolio Decisions…Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Boys will be Boys: Gender, Ov…Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Trading Is Hazardous to Your …The investment behavior and performance of various investor types: a study of Finland's unique data set (2000)The investment behavior and p…Emotions in Economic Theory and Economic Behavior (2000)Emotions in Economic Theory a…Do Investors Trade Too Much? (1999)Do Investors Trade Too Much?Are Investors Reluctant to Realize Their Losses? (1998)Are Investors Reluctant to Re…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)The Disposition to Sell Winne…The Economic Theory of Agency: The Principal's Problem. (1973)The Economic Theory of Agency…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Exploring artificial intelligence robo-advisor in banking industry: a platform model (2024)Exploring artificial intellig…Financial advice and gender: Wealthy individual investors in the UK (2021)Financial advice and gender: …Does robo-advisory help reduce the likelihood of carrying a credit card debt? Evidence from an instrumental variable approach (2021)Does robo-advisory help reduc…The performance generating limitations of the relationship-banking model in the digital era – effects of customers' trust, satisfaction, and loyalty on client-level performance (2020)The performance generating li…A MODEL FOR PERSONAL FINANCIAL PLANNING TOWARDS RETIREMENT (2020)A MODEL FOR PERSONAL FINANCIA…Professional financial advice, self‐control and saving behavior (2018)Professional financial advice…Peer effects, personal characteristics and asset allocation (2018)Peer effects, personal charac…Does investor personality moderate the relationship between information sources and trading behavior? Evidence from Chinese stock market (2017)Does investor personality mod…The role of financial advice and word-of-mouth communication on the association between investor personality and stock trading behavior: Evidence from Chinese stock market (2016)The role of financial advice …The Impact of Financial Advice on Trade Performance and Behavioral Biases (2016)The Impact of Financial Advic…Information sources and trading behavior: does investor personality matter? (2016)Information sources and tradi…Financial Adviser Anxiety, Financial Literacy, and Financial Advice Seeking (2016)Financial Adviser Anxiety, Fi…Do Seemingly Smarter Consumers Get Better Advice? (2015)Do Seemingly Smarter Consumer…Financial Advice: Does It Make a Difference? (2012)Financial Advice: Does It Mak…Do Individual Investors Learn from Their Mistakes? (2012)Do Individual Investors Learn…Financial Advice: An Improvement for Worse? (2010)Financial Advice: An Improvem…Decision Analysis: Introductory Lectures on Choices Under Uncertainty. (1969)Essays in the Theory of Risk-Bearing. (1972)Agency for International Development (1978)The interdisciplinary study of coordination (1994)Managerial Incentive Problems: A Dynamic Perspective (1999)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Prospect Theory: An Analysis of Decision under Risk (1979)Toward a positive theory of consumer choice (1980)Prospect theory: An analysis of decision under risk (1988)On Persistence in Mutual Fund Performance (1997)Media Coverage and the Cross‐section of Stock Returns (2009)In Search of Attention (2011)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)Judgment under Uncertainty: Heuristics and Biases (1975)Gender Differences in Preferences (2009)Women in the boardroom and their impact on governance and performance☆ (2009)Investor Psychology and Asset Pricing (2001)The Efficient Market Hypothesis and Its Critics (2003)Who Gambles in the Stock Market? (2009)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 2001Boys will be Boys: Gender, Overconfidence, and Common Stock Investment5,215 cited
  • 2007All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors4,550 cited
  • 1973The Economic Theory of Agency: The Principal's Problem.4,296 cited
  • 2000Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors3,953 cited
  • 1998Are Investors Reluctant to Realize Their Losses?3,721 cited
  • 1985The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence3,550 cited
  • 1999Do Investors Trade Too Much?2,245 cited
  • 2010Luck versus Skill in the Cross‐Section of Mutual Fund Returns1,781 cited
  • 2000The investment behavior and performance of various investor types: a study of Finland's unique data set1,639 cited
  • 2000Emotions in Economic Theory and Economic Behavior1,359 cited
  • 2005Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments1,315 cited

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  • 2008Equity Portfolio Diversification1,221 cited
  • 2003Risks and Portfolio Decisions Involving Hedge Funds1,213 cited
  • Cited by

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    • 2012Financial Advice: Does It Make a Difference?42 cited
    • 2020The performance generating limitations of the relationship-banking model in the digital era – effects of customers' trust, satisfaction, and loyalty on client-level performance39 cited
    • 2010Financial Advice: An Improvement for Worse?38 cited
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