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Investor competence, trading frequency, and home bias.

Publication: Management Science
Publication Date: 01-JUL-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
This paper studies how an investor's self-perceived competence affects her investment behavior, including how frequently she trades and the likelihood that she will hold foreign assets. Existing finance research has documented that some investors trade frequently and that frequent trading tends to reduce investment returns. Existing research also shows...



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