Faculty of Economics and Business Administration Publications Database

Portfolio Inertia and Stock Market Fluctuations

Bilias, Yannis
Georgarakos, Dimitris
Volume: 42
Number: 4
Pages: 715 - 742
Month: June
ISSN-Print: 0022-2879
Link External Source: Online Version
Year: 2010
Keywords: Stockholding; Portfolio Inertia; Stock Trading; Household Portfolios
Abstract: We are grateful to Luc Arrondel, Martin Browning, Chris Carroll, Dimitris Christelis, Arie Kapteyn, Arthur Kennickell, Donna Nordquist, Victor Rios Rull, Tullio Jappelli, and especially Deborah Lucas (the editor), James Smith, Nick Souleles, Luis Viceira, and two anonymous referees for very helpful comments and suggestions. We also thank participants in the NBER Summer Institute (Group on Capital Markets), the CAM conference in Copenhagen, and the XIII Conference of the Spanish Finance Association, as well as seminar participants at the ECB, Bundesbank, and the University of Piraeus. This work has been supported in part by the European Community''s Human Potential Program under contract HPRN-CT-2002-00235 [AGE], and by the Center for Financial Studies under Research Program “Household Wealth Management.”