Publications

Publications

Filter Results: (3) Arrow Down

Show Results For

Page 1 of 3 Results
  • 15 Feb 2018
  • Working Paper Summaries

Can Financial Innovation Solve Household Reluctance to Take Risk?

Keywords: by Laurent Calvet, Claire Celerier, Paolo Sodini, and Boris Vallée; Financial Services; Computer
  • 06 Feb 2018
  • First Look

First Look at New Research and Ideas: February 6, 2018

tournament incentive systems and are relevant for the practice of management accounting. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=53891 Can Financial Innovation Solve Household Reluctance to Take Risk? By:... View Details
  • August 2023
  • Article

Can Security Design Foster Household Risk-Taking?

By: Laurent Calvet, Claire Célérier, Paolo Sodini and Boris Vallée
This paper shows that securities with a non-linear payoff design can foster household risk-taking. We demonstrate this effect empirically by exploiting the introduction of capital guarantee products in Sweden from 2002 to 2007. The fast and broad adoption of these... View Details
Keywords: Financial Innovation; Household Finance; Structured Products; Stock Market Participation; Finance; Innovation and Invention; Household; Personal Finance; Risk and Uncertainty; Behavior; Market Participation
Related