Do Individual Investors Ignore Transaction Costs?

Do Individual Investors Ignore Transaction Costs?

Using close to 800,000 (2,000,000) transactions by 66,000 (303,000) households in the United States (in Finland), this paper shows that individual investors with longer holding periods choose to hold less liquid stocks in their portfolios, consiste...

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Bibliographic Details
Main Authors: Anginer, Deniz, Han, Snow Xue, Yildizhan, Celim
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2017
Subjects:
LIQUIDITY
TRANSACTION COSTS
INVESTMENT
BEHAVIORAL BIAS
Online Access:http://documents.worldbank.org/curated/en/406321497012325678/Do-individual-investors-ignore-transaction-costs
http://hdl.handle.net/10986/27299

Internet

http://documents.worldbank.org/curated/en/406321497012325678/Do-individual-investors-ignore-transaction-costs
http://hdl.handle.net/10986/27299

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