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Location Choice, Portfolio Choice

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NBER2017-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23040
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Households hold nondiversified stock portfolios of firms headquartered near their city of residence. Explanations assign a causal role for proximity, either in generating an informational advantage or a familiarity bias. Empirical analyses assume households locate randomly, even though they
创建时间:
2017-01-01
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