Individual investor perceptions and behavior during the financial crisis
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Financially sophisticated investors tend to commit less investment mistakes.
“A related strand of literature analyzes the association between financial literacy and trading behavior (e.g., Feng and Seasholes 2005;Bilias et al. 2010;Hoffmann et al. 2013;Bucher-Koenen and Ziegelmeyer 2014;Guiso and Viviano 2015) and the corresponding studies generally document a positive impact of financial literacy as financially sophisticated investors tend to commit less investment mist”
From Financial literacy, financial advice, and financial behavior (2017) · cites this paper as Hoffmann et al. 2013
Cites
Coefficient Alpha and the Internal Structure of Tests
Cronbach, L. J. (1951) · Psychometrika · doi:10.1007/bf02310555 · Cited by 43,931 · see citing works
Consistent Covariance Matrix Estimation with Spatially Dependent Panel Data
Driscoll, J. C., & Kraay, A. C. (1998) · Review of Economics and Statistics · doi:10.1162/003465398557825 · Cited by 6,865 · see citing works
Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors
Barber, B. M., & Odean, T. (2000) · The Journal of Finance · doi:10.1111/0022-1082.00226 · Cited by 3,955 · see citing works
Equity Portfolio Diversification
Goetzmann, W. N., & Kumar, A. (2008) · Review of Finance · doi:10.1093/rof/rfn005 · Cited by 1,222 · cited 2× · see citing works
“First, consistent with the recent work of Guiso et al. (2011), we show that investor’s risk tolerance is time-varying (see Fig.”
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Financial literacy, financial advice, and financial behavior
Stolper, O. A., & Walter, A. (2017) · Journal of Business Economics · doi:10.1007/s11573-017-0853-9 · Cited by 471 · see citing works
“…strand of literature analyzes the association between financial literacy and trading behavior (e.g., Feng and Seasholes 2005; Bilias et al. 2010; Hoffmann et al. 2013; Bucher-Koenen and Ziegelmeyer 2014; Guiso and Viviano 2015) and the corresponding studies generally document a positive impact…”
Background
- Authors
- Hoffmann, A. O. I., Post, T., & Pennings, J. M. E.
- Affiliations
- Maastricht University (NL)
- University of Illinois Urbana-Champaign (US)
- Corresponding author
- Hoffmann, Arvid O.I.
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 2013-01
- Volume
- 37
- Issue
- 1
- Pages
- 60-74
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W3124704674
- Cited by
- 425
- References
- 4
- Citations by year
- 2026: 20 · 2025: 28 · 2024: 29 · 2023: 27 · 2022: 32 · 2021: 46 · 2020: 39 · 2019: 27 · 2018: 37 · 2017: 35 · 2016: 33 · 2015: 26 · 2014: 26 · 2013: 14 · 2012: 3
- FWCI
- 36.67
- Type
- journal article
- Language
- en
- Open access
- green
- research.wur.nl
- Locations
- Journal of Banking & Finance (publishedVersion)
- Research Publications (Maastricht University) (publishedVersion)
- Socio-Environmental Systems Modeling (acceptedVersion)
- Adelaide Research & Scholarship (AR&S) (University of Adelaide) (submittedVersion)
- Research Publications (Maastricht University) (submittedVersion)
- Data Archiving and Networked Services (DANS) (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Keywords
- retail investors, investor perception, 2008 financial crisis, trading behavior, risk-taking, risk tolerance, risk perception, expected returns, investor sentiment
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Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
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