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Cited by 679

The DOI matches its Crossref record; 5 of the 5 references it cites were found in a registry or an index.

IQ and Stock Market Participation

Open access
GRINBLATT, MARK, KELOHARJU, MATTI, LINNAINMAA, JUHANI·2011·The Journal of Finance
DOI 10.1111/j.1540-6261.2011.01701.x
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Abstract

Stock market participation is monotonically related to IQ, controlling for wealth, income, age, and other demographic and occupational information. The high correlation between IQ and participation exists even among the affluent. Supplemental data from siblings, studied with an instrumental variables approach and regressions that control for family effects, demonstrate that IQ's influence on participation extends to females and does not arise from omitted familial and nonfamilial variables. High‐IQ investors are more likely to hold mutual funds and larger numbers of stocks, experience lower risk, and earn higher Sharpe ratios. We discuss implications for policy and finance research.

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Crossref · 10.1111/j.1540-6261.2011.01701.x

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Metadata

Authors
GRINBLATT, M., KELOHARJU, M., & LINNAINMAA, J.
Venue
The Journal of Finance
Publisher
Wiley
Published
2011-11-14
Volume
66
Issue
6
Pages
2121-2164
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2011.01701.x
OpenAlex
W2152034018
Cited by
679
References
5
FWCI
136.14
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: IQ and Stock Market Participation. https://app.cochat.ai/papers/10.1111/j.1540-6261.2011.01701.x
The paper
GRINBLATT, M., KELOHARJU, M., & LINNAINMAA, J. (2011). IQ and Stock Market Participation. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2011.01701.x

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.