Plausibly Exogenous [1355] - Parental Advice (10/17/2023)
LHS Variable
investor security holdings
RHS Variable
Parents’ security holdings
Source of Exogenous Variation
Plausibly exogenous changes in security ownership — these shocks arise from mergers in which the target shareholders become owners in the acquiring security without making an active purchase decision
- Knupfer, Rantapuska, and Sarvimaki (2023), “Social Interaction in the Family: Evidence from Investors’ Security Holdings”