Positive Analysis on Japanese Individual Investors’ Ratio of Risk Asset Holding
In this article, we investigate the determinants of risk asset holding ratio using micro data collected from a Web-based survey. The findings of the current study indicate that, (1) factors such as subjective excess return, overconfidence and time discount rate make positive effects on the ratio...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Ala-Too International University
2018-05-01
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| Series: | Eurasian Journal of Business and Economics |
| Subjects: | |
| Online Access: | http://www.ejbe.org/EJBE2018Vol11No21p069TAKEMURA-KOZU-TAKEDA-SUEHIRO.pdf |