The Relationship Between Individual Stock Trading And Returns: The Case Of An Emerging Market

Autor:	Abdollah Khani, Ali Saeedi, Asieh Khadem Khorasani
Rok vydání:	2013
Předmět:	Stock trading Horizon (archaeology) Immediacy Financial system Business Monetary economics Business and International Management Emerging markets Behavioral economics Market liquidity
Zdroj:	Scopus-Elsevier
ISSN:	2157-8834 0892-7626
DOI:	10.19030/jabr.v29i6.8216
Popis:	This research investigates the relationship between stock trading of individual investors and returns in short horizon in an emerging market. The results indicate that the individuals would like to invest in stocks after declining in the preceding month prices and they would like to sell after increasing in prices. Moreover, we find that there are positive abnormal returns in the month after high buying by individuals and there are negative abnormal returns following high individuals selling. The result is consistent with the literature that the individuals play roles of liquidity providers because they can meet the institutional need of immediacy.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::94475583cc9da3e46928822d027117f3 https://doi.org/10.19030/jabr.v29i6.8216 Zobrazit plný text záznamu