Investor Behavior in the Market for Bank-issued Structured Products
This work investigates the trading behavior of retail investors in the largest European market place for bank-issued structured products - the European Warrant Exchange (EUWAX). Structured products are designed to grant retail investors access to a broad range of risk-return combinations, ranging fr...
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| Sprache: | English |
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Berlin
Verlag Wissenschaft & Praxis
2020, c2015
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| Ausgabe: | 1st ed |
| Schriftenreihe: | Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim
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| 490 | 0 | |a Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim | |
| 500 | |a Duncker & Humblot GmbH | ||
| 520 | |a This work investigates the trading behavior of retail investors in the largest European market place for bank-issued structured products - the European Warrant Exchange (EUWAX). Structured products are designed to grant retail investors access to a broad range of risk-return combinations, ranging from conservative investment products to high-risk leverage products. The focus of the analysis is on the question, how retail investors react to new information and which sources are taken into account when speculating and investing. -- The key finding is that retail investors actively trade on information, but their trading behavior exhibits various behavioral biases and irrational trading patterns such as herding, overconfidence as well as excessive optimism and risk-taking. -- In sum, the informational efficiency of retail investor trading in structured products is limited, which underscores the demand for increased efforts by policy makers and financial institutions to improve the financial literacy of retail investors | ||
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Datensatz im Suchindex
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| id | DE-604.BV048194001 |
| illustrated | Illustrated |
| indexdate | 2024-12-24T09:21:35Z |
| institution | BVB |
| isbn | 9783896446961 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033575135 |
| open_access_boolean | |
| physical | 1 Online-Ressource (188 Seiten) 10 b&w ills., 24 b&w tables |
| psigel | ZDB-54-DHP |
| publishDate | 2020 |
| publishDateSearch | 2020 |
| publishDateSort | 2020 |
| publisher | Verlag Wissenschaft & Praxis |
| record_format | marc |
| series2 | Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim |
| spelling | Schroff, Sebastian Verfasser aut Investor Behavior in the Market for Bank-issued Structured Products Sebastian Schroff 1st ed Berlin Verlag Wissenschaft & Praxis 2020, c2015 1 Online-Ressource (188 Seiten) 10 b&w ills., 24 b&w tables txt rdacontent c rdamedia cr rdacarrier Studienreihe der Stiftung Kreditwirtschaft an der Universität Hohenheim Duncker & Humblot GmbH This work investigates the trading behavior of retail investors in the largest European market place for bank-issued structured products - the European Warrant Exchange (EUWAX). Structured products are designed to grant retail investors access to a broad range of risk-return combinations, ranging from conservative investment products to high-risk leverage products. The focus of the analysis is on the question, how retail investors react to new information and which sources are taken into account when speculating and investing. -- The key finding is that retail investors actively trade on information, but their trading behavior exhibits various behavioral biases and irrational trading patterns such as herding, overconfidence as well as excessive optimism and risk-taking. -- In sum, the informational efficiency of retail investor trading in structured products is limited, which underscores the demand for increased efforts by policy makers and financial institutions to improve the financial literacy of retail investors EUWAX Investitionen Investor Behaviour Investorenverhalten https://elibrary.duncker-humblot.com/9783896446961 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Schroff, Sebastian Investor Behavior in the Market for Bank-issued Structured Products EUWAX Investitionen Investor Behaviour Investorenverhalten |
| title | Investor Behavior in the Market for Bank-issued Structured Products |
| title_auth | Investor Behavior in the Market for Bank-issued Structured Products |
| title_exact_search | Investor Behavior in the Market for Bank-issued Structured Products |
| title_full | Investor Behavior in the Market for Bank-issued Structured Products Sebastian Schroff |
| title_fullStr | Investor Behavior in the Market for Bank-issued Structured Products Sebastian Schroff |
| title_full_unstemmed | Investor Behavior in the Market for Bank-issued Structured Products Sebastian Schroff |
| title_short | Investor Behavior in the Market for Bank-issued Structured Products |
| title_sort | investor behavior in the market for bank issued structured products |
| topic | EUWAX Investitionen Investor Behaviour Investorenverhalten |
| topic_facet | EUWAX Investitionen Investor Behaviour Investorenverhalten |
| url | https://elibrary.duncker-humblot.com/9783896446961 |
| work_keys_str_mv | AT schroffsebastian investorbehaviorinthemarketforbankissuedstructuredproducts |