BIS-金融科技、投资者信息获取和解读能力及投资组合选择

# 金融科技 # 投资者 # 投资组合大小：2.00M | 页数：62 | 上架时间：2023-05-17 | 语言：英文

BIS-金融科技、投资者信息获取和解读能力及投资组合选择.pdf

免费阅读10页，购买之后可查看、下载62页完整报告

BIS-金融科技、投资者信息获取和解读能力及投资组合选择.pdf

试看10页

类型: 行研

上传者: Wna

撰写机构: BIS

出版日期: 2023-05-02

摘要：

This paper analyses the links between advances in financial technology, investors’ sophistication, and the composition and returns of their financial portfolios. We develop a simple portfolio choice model under asymmetric information and derive some theoretical predictions. Using detailed microdata from Banca d’Italia, we test these predictions for Italian households over the period 2004- 20. In general, heterogeneity in portfolio composition and in returns between sophisticated and unsophisticated investors grows with improvements in financial technology. This heterogeneity is reduced only if financial technology is accessible to everyone and if investors have a similar capacity to use it.

展开>> 收起<<

请登录，再发表你的看法

Wna

关注