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Investor Behavior and the Purchase of Company Stock in 401(k) Plans - the Importance of Plan Design (PDF)
Nellie Liang, Federal Reserve System; and Scott Weisbenner, University of Illinois and NBER
Sept. 27, 2002 54 pages; second draft of working paper. Excerpt: Using panel data for nearly 1,000 companies during 1991 to 2000, this paper documents that the average share of participant's discretionary 401(k) contributions in company stock was almost 20 percent, and then relates this share to plan design features and firm financial characteristics. MORE >> |
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