Do Stockholders Share Risk More Effectively Than Non-stockholders?
نویسندگان
چکیده
منابع مشابه
The consumption of stockholders and nonstockholders”
Only one-fourth of U.S. families own stock. This paper examines whether the consumption of stockholders differs from the consumption of nonstockholders and. if so. whether these differences help explain the empirical failures of the consumption-based CAPivl. Household panel data are used to construct time series on the consumption of each group. The results indicate that the consumption of stoc...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2002
ISSN: 1556-5068
DOI: 10.2139/ssrn.318028