상세 보기
Short-term trading by individual investors in the Korean stock market
- Chung, Chune Young;
- Wang, Kainan
Citations
WEB OF SCIENCE
2Citations
SCOPUS
3초록
We directly examine the trading behaviors of individual investors in a short investment horizon based on unique daily trading data from the Korean stock market. Demand by individual investors increases this week when returns increased last week, implying that individual investors are momentum traders in the short term. Further, demand by individual investors last week is positively related to their demand this week, suggesting that individual investors tend to herd. In addition, demand by individual investors last week is negatively associated with returns this week, indicating unprofitable trading behaviors.
키워드
Individual investors; trading behaviors; short-term trading data; emerging market; G11; G12; G14; G15; INSTITUTIONAL INVESTORS; EARNINGS ANNOUNCEMENTS; BEHAVIOR; PERFORMANCE; RETURNS; FOREIGN; STRATEGIES; MOMENTUM
- 제목
- Short-term trading by individual investors in the Korean stock market
- 저자
- Chung, Chune Young; Wang, Kainan
- 발행일
- 2016-11
- 유형
- Article
- 권
- 21
- 호
- 4
- 페이지
- 599 ~ 611