Determinants of stock market participation

Saved in:

Authors and Corporations:

Menkhoff, Lukas (Author), Westermann, Jannis (Author)

Other Authors:

Westermann, Jannis [Author]

Type of Resource:

E-Book

Language:

English

published:

Berlin DIW Berlin, German Institute for Economic Research 2024

Series:

Subjects:

stock market participation

transaction costs

information

return volatility

risk tolerance

Graue Literatur

Source:

Verbunddaten SWB
Lizenzfreie Online-Ressourcen

Description
Summary:	The low degree of stock market participation (SMP) is one of the big puzzles in finance. Numerous determinants have been proposed. We put these determinants into a structure that is derived from a standard static portfolio model. Then we discuss arguments put forward regarding specific SMP determinants and the empirical evidence that has been provided. The focus of our survey is on the identification of a causal impact of determinants on SMP via shocks. We summarize the evidence by suggesting established and likely SMP determinants and providing an outlook for future research and policy.
Physical Description:	1 Online-Ressource (circa 54 Seiten); Illustrationen