Asset Allocation Decisions - Do investors in Sweden differ in investment behaviour?
(2014) NEKN05 20141Department of Economics
- Abstract
- We investigate investor heterogeneity between private, institutional, commercial, government and foreign investor in the Swedish market. OLS-estimation using dividend yield and term spread as regressors reveal no clear results. VAR-analysis to investigate lead-follow relationships between investor groups indicate that foreign follows private and commercial investors, though the result is problematized by a lack of connection with institutional investors. We cannot substantiate earlier results achieved in the field markets by Cohen (1999) in America and Drobetz, Kugler, Wanzenried, and Zimmermann (2009) in Switzerland.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/4466506
- author
- Nyström, Erik LU and Svanberg, Kristoffer LU
- supervisor
-
- Erik Norrman LU
- organization
- course
- NEKN05 20141
- year
- 2014
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Dividend Yield, Asset Allocations, Investors, Investor Heterogeneity, Equity
- language
- English
- id
- 4466506
- date added to LUP
- 2014-06-26 15:02:23
- date last changed
- 2014-06-26 15:02:23
@misc{4466506, abstract = {{We investigate investor heterogeneity between private, institutional, commercial, government and foreign investor in the Swedish market. OLS-estimation using dividend yield and term spread as regressors reveal no clear results. VAR-analysis to investigate lead-follow relationships between investor groups indicate that foreign follows private and commercial investors, though the result is problematized by a lack of connection with institutional investors. We cannot substantiate earlier results achieved in the field markets by Cohen (1999) in America and Drobetz, Kugler, Wanzenried, and Zimmermann (2009) in Switzerland.}}, author = {{Nyström, Erik and Svanberg, Kristoffer}}, language = {{eng}}, note = {{Student Paper}}, title = {{Asset Allocation Decisions - Do investors in Sweden differ in investment behaviour?}}, year = {{2014}}, }