Who are They?: - The Swedish and other European Shareholders in Sweden, before and during the current financial crisis
2013 (English)In: European Integration in Swedish Economic Research: The 15h Annual SNEE European Integration Conference in Mölle, Sweden May 21st-24th 2013 / [ed] Lars Oxelheim, 2013Conference paper (Refereed)
Early working idea of a paper, please do not quote or publish, without permission from the author
First version, April 2013
Individual shareholder investors are generally described in literature to act with a short investment horizon, have biases and a typical herding behavior. This article focus on describing the individual investor over the time period 2004-2010, with special interest in new domestic and European investors. Earlier studies of individuals have mainly been based on either aggregated brokerage data and/or surveys, this study is based on the actual individual holdings. The database contains ownership information on all the directly owned shares in Sweden (~ 2 million investor portfolios).
The study focus on individuals, investing in the stock market for their first time, during the latter years. Previous literature describes the individual investors as declining and aging, which could be interpreted as the beginning of the end of individual shareholders as stock market investors. If there is a future for the stock market as trading arena for individuals, there needs to be some rejuvenation amongst the shareholders. The study show that although the average shareholder is aging, which indicates that shareholders stick to their shares, there are new younger shareholders still attracted by the stock market. Preliminary results also suggest a decline in the gender imbalance amongst shareholders.
Place, publisher, year, edition, pages
Individual, shareholder, finance
Social Sciences Business Administration
Research subject Business Studies
IdentifiersURN: urn:nbn:se:uu:diva-200395OAI: oai:DiVA.org:uu-200395DiVA: diva2:623384
15h Annual SNEE European Integration Conference
Early working idea of a paper, please do not quote or publish, without permission from the author 2013-05-272013-05-272013-05-27