Sat, Jun 23, 2018
A A A
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. North America - US fundraising for special purpose acquisition vehicles hits record this year[more]

    From AFR.com: Special purpose acquisition vehicles (spacs) are hitting the US market at the fastest rate on record, attracting the likes of Goldman Sachs and hedge fund investor Daniel Loeb for the two largest such deals in 2018. Spacs have raised $US4.5bn so far in 2018, the largest amount fo

  2. Investing - Man Group and AQR try to take aim at private equity industry, Hedge funds poised to be winners in AT&T-Time Warner deal[more]

    Man Group and AQR try to take aim at private equity industry From FT.com: The popularity of private equity investments has prompted asset managers such as Man Group and AQR to devise strategies that aim to replicate PE returns but at a much lower cost to investors. Both companies a

  3. News Briefs: David Stemerman's hedge fund holdings shrank before his run for governor, nvestment manager TSW triggers succession plan, Alan Howard joins Peter Thiel investing in Cologne-based fintech startup[more]

    David Stemerman's hedge fund holdings shrank before his run for governor But the U.S. holdings of Stemerman's Greenwich hedge fund, Conatus Capital, shrank from $2.6 billion at the apex to just over $1 billion before he announced his move into politics. (Hartford Courant) Inv

  4. British Empire: Pershing's 23% discount 'unsustainable'[more]

    From Citywire: The wide discount on Pershing Square Holdings (PSH) is 'unsustainable' and puts star hedge fund manager Bill Ackman under pressure, says British Empire (BTEM). Pershing is the third largest holding in the £850 million British Empire trust, managed by Joe Bauernfreund, which sp

  5. CalPERS defines new private equity policy with more direct investments[more]

    Dr. Ashby Monk, the executive director of the Stanford Global Projects Center and one of the world's leading experts on design and governance for institutional investors, told the CalPERS Investment Committee: "Private equity is a tough business for funds - in large part because you need it