Fri, Oct 9, 2015
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Toulouse Business School takes a statistical look at the impact of 2008 on investor behavior

Tuesday, October 08, 2013

Bailey McCann, Opalesque New York:

New research from the Toulouse Business School’s Management Research Center looks at the impact of the financial crisis in Europe. The project was led by Laurent German (project director), Nicolas Nalpas, both teacher-researchers at TBS and by Guillaume Baechler. Specifically, the study measured risk aversion in investors since the 2008 European financial crisis.

Unlike other research around the European component of the financial crisis, this work sees to scientifically measure the resulting risk aversion of such an extreme event. The study relies on data from 33 European financial institution directions (France, Germany, Belgium and Luxembourg) and represents 50% of investments made in Europe. Two axes are examined: investor psychology in a crisis situation and the evolution of investor aspirations with regards to the banking institution.

According to the report, investor behavior varies according to his or her wealth, because of this the crisis had a lasting psychological impact on less wealthy investors, whereas wealthier investors are now reverting back to pre-crisis behavior. This finding is at odds with the views of some market participants like the big banks, which have argued that all investor cohorts have altered their investment behavior in a lasting way.

On a country-by-country basis, the data shows that French investors have experienced more of an impact in terms of their investments in stocks than an......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. U.S. hedge funds prepare for worst finish this year since 2008[more]

    Komfie Manalo, Opalesque Asia: U.S.-focused hedge funds are preparing for their worst year since the 2008 global financial crisis, following a series of letdown including the market sell-off in August and the sell-off in healthcare and biotechnology sectors last month, reported

  2. Investing - AQR Capital and Renaissance Technologies raise stakes in Southwest Airlines[more]

    From In the previous part of this series, we saw how institutional investors played Southwest Airlines (LUV) in 2Q15. Now let’s move on to the trades executed by key hedge funds in Southwest Airlines over the same period. … Most of the hedge funds that had significant exposu

  3. Manager Profile - Pimco alternative funds flourish as 30-year bond rally fades[more]

    From Inside Pacific Investment Management Co., the bond behemoth that lost two chief investment officers last year and saw almost $500 billion of client money leave, a hidden profit engine is easing some of the pain. For more than a decade, Newport Beach, California-based Pimco has qu

  4. Niche Investing - Art investment funds: Attracting institutional and other new investors[more]

    From The Deloitte/ArtTactic Art and Finance Report 2014 (the "Art and Finance Report") noted that the "global art investment fund market was estimated to be worth at least $1.26 billion in the first half of 2014." This seems almost inconsequential when juxtaposed with the $54 billion of

  5. DoubleLine’s Jeffrey Gundlach warns of another round of market shakedown[more]

    Komfie Manalo, Opalesque Asia: DoubleLine Capital co-founder Jeffrey Gundlach is painting a bleak future as he warned that the U.S. equity market and other risk markets, such as high-yield "junk" bonds, are facing another round of selling pressure. Gundlach said in an interview with