Financial crises inflict significant human as well as economic hardship. This paper focuses
on the human fallout of capital market stress. Financial stress-induced behavioral changes …

This study compares the impact that life cycle income and current income have on the number
of vacation and pleasure trips taken and trip expenditures of families. Total household …

An examination of survey responses about Individual Retirement Account (IRA) holdings
reveals that individuals often take all-or-nothing approaches in their decisions to diversify …

This article examines the long-term stock market performance of debt-free firms with high
and low levels of debt capacity to see whether they are different. We use Fama and French’s (…

We examine the effects of including timberland, farmland and commercial real estate in a
mixed asset portfolio with stocks, government bonds and T-Bills. Using both smoothed and …

We examine the sentiment levels of individual investors relative to subsequent short-term
market returns for 1992–2010. We find that sentiment, proxied by percentage of investors who …

With so many ETFs to choose from, there are many options that can suit almost any investor’s
needs. There are domestic, international, and global ETFs. Investors can choose from …

In this paper, the marginal effects of changes (due to non-stationarity or estimation errors) in
the REIT-stock risk premium and the REIT-stock correlation on the optimal portfolio asset …

Purpose The authors present the results of a survey on how Korean firms evaluate new projects
and estimate their capital costs. The authors report how Korean firms’ capital budgeting …

The purpose of this study is to determine whether or not real estate investment trusts (REITs)
are appropriate investment vehicles for individual investors given that the family home is …