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Behavior of Private Investors in the Stock Markets of Russia and the US
[Поведение Частных Инвесторов На Фондовых Рынках России И Сша]

Author

Listed:
  • Abramov Alexander

    (Russian Presidential Academy of National Economy and Public Administration)

  • Kosyrev Andrey

    (Russian Presidential Academy of National Economy and Public Administration)

  • Radygin Alexander

    (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration)

  • Chernova Maria

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

Over the past two years, millions of new private investors have entered the stock markets in Russia and the USA, but their number in the Russian Federation is significantly overestimated. In both markets, private investors face the risks of getting involved in speculative transactions. The Russian market demonstrates unfavorable economic and legal conditions for long-term savings in risky assets, which results in the prevalence of deposits and cash in the financial assets owned by households.

Suggested Citation

  • Abramov Alexander & Kosyrev Andrey & Radygin Alexander & Chernova Maria, 2021. "Behavior of Private Investors in the Stock Markets of Russia and the US [Поведение Частных Инвесторов На Фондовых Рынках России И Сша]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 54-59, December.
    • Handle: RePEc:gai:recdev:r21134
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    More about this item

    Keywords

    stock market; stock markets of Russia and the USA; private investors;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

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