Riding the Bubble? Chasing Returns into Illiquid Assets
收藏NBER2014-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20360
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资源简介：
Household investors chase stock market returns. Surveys suggest that households intend to "ride the bubble" by buying stocks early in a boom and selling stocks early in a bust. This implies that households use only liquid assets to chase returns. I test this prediction using inflows to fixed
提供机构：
美国国家经济研究局
创建时间：
2014-07-01
