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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado:
26 registros
| Registro 1 de 26 |
| Autor: |
Benartzi, Shlomo - Thaler, Richard-H - |
| Título: |
Naive Diversification Strategies in Defined Contribution Saving Plans |
| Fuente: |
American Economic Review. v.91, n.1. American Economic Association |
| Páginas: |
pp. 79-98 |
| Año: |
Mar. 2001 |
| Resumen: |
There is a worldwide trend toward defined contribution saving plans and growing interest in privatized Social Security plans. In both environments, individuals are given some responsibility to make their own asset-allocation decisions, raising concerns about how well they do at this task. This paper investigates one aspect of the task, namely diversification. We show that some investors follow the "1/n strategy": they divide their contributions evenly across the funds offered in the plan. Consistent with this naive notion of diversification, we find that the proportion invested in stocks depends strongly on the proportion of stock funds in the plan. |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 2 de 26 |
| Autor: |
Benartzi, Shlomo - Michaely, Roni - Thaler, Richard-H - |
| Título: |
Do Changes in Dividends Signal the Future or the Past? |
| Fuente: |
Journal of Finance. v.52, n.3. American Finance Association |
| Páginas: |
pp. 1007-34 |
| Año: |
July 1997 |
| Resumen: |
Many dividend theories imply that changes in dividends have information content about the future earnings of the firm. The authors investigate this implication and find only limited support for it. Firms that increase dividends in year 0 have experienced significant earnings increases in years -1 and 0, but show no subsequent unexpected earnings growth. Also, the size of the dividend increase does not predict future earnings. Firms that cut dividends in year 0 have experienced a reduction in earnings in year 0 and in year -1, but these firms go on to show significant increases in earnings in year 1. However, consistent with Lintner’s model on dividend policy, firms that increase dividends are less likely than nonchanging firms to experience a drop in future earnings. Thus, their increase in concurrent earnings can be said to be somewhat ’permanent’. In spite of the lack of future earnings growth, firms that increase dividends have significant (though modest) positive excess returns for the following three years. |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
| Registro 3 de 26 |
| Autor: |
Siegel, Jeremy-J - Thaler, Richard-H - |
| Título: |
Anomalies: The Equity Premium Puzzle |
| Fuente: |
Journal of Economic Perspectives. v.11, n.1. American Economic Association |
| Páginas: |
pp. 191-200 |
| Año: |
winter 1997 |
| Resumen: |
The equity premium is the difference in returns between equities and fixed income securities, such as Treasury bills. The puzzle refers to the fact that the premium has historically been very large--about 6 percent per year--too large to be easily explained by risk aversion. The authors document the evidence for the puzzle and find that is exists in many countries, over long time periods, and does not seem to be explained by survivorship bias. They also summarize several theoretical explanations. The authors conclude that it is difficult to explain the equity premium without incorporating some kind of irrationality. |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
| Registro 4 de 26 |
| Autor: |
Thaler, Richard-H - |
| Título: |
Irving Fisher: Modern Behavioral Economist |
| Fuente: |
American Economic Review. v.87, n.2. American Economic Association |
| Páginas: |
pp. 439-41 |
| Año: |
May 1997 |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 5 de 26 |
| Autor: |
Hines, James-R, Jr - Thaler, Richard-H - |
| Título: |
The Flypaper Effect |
| Fuente: |
Journal of Economic Perspectives. v.9, n.4. American Economic Association |
| Páginas: |
pp. 217-26 |
| Año: |
fall 1995 |
| Resumen: |
What happens to a state’s spending when it receives an unconditional grant from the federal government? The standard theoretical analysis predicts that the increase in spending will be the same as that generated by an equivalent increase in local incomes--or roughly 5-10 percent for most states. In contrast, numerous empirical analyses have found that spending increases by much more, with some estimates near 100 percent. This result is known as the ’flypaper effect,’ since the money appears to ’stick where it hits.’ The authors review this evidence as well as other studies that find similar behavior in firms. |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
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