Results 251 to 260 of about 511,200 (304)
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Journal of Financial Research, 1995
AbstractIn this paper I address several phenomena that arise from the limited information possessed by individual investors. This limitation focuses attention on the channels by which investors receive information about securities. I find this perspective to have implications for the marketing of financial products, the dissemination of information by ...
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AbstractIn this paper I address several phenomena that arise from the limited information possessed by individual investors. This limitation focuses attention on the channels by which investors receive information about securities. I find this perspective to have implications for the marketing of financial products, the dissemination of information by ...
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Individual investor trading and stock liquidity
Review of Quantitative Finance and Accounting, 2013Recent studies suggest that individual investors may have private information and their trading can be informative. Consistent with this observation, we find that stocks that are more heavily traded by individual investors have higher liquidity, after controlling for other determinants of liquidity. The result is robust to various model specifications,
Qin Wang, Jun Zhang
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Preferred risk habitat of individual investors☆
Journal of Financial Economics, 2008Abstract The preferred risk habitat hypothesis, introduced here, is that individual investors select stocks whose volatilities are commensurate with their risk aversion. The data, 1995–2000 holdings of over 20,000 clients at a large German broker, are consistent with the predictions of the hypothesis: the returns of stocks within each portfolio have ...
Dorn, Daniel, Huberman, Gur
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Option Trading and Individual Investor Performance
SSRN Electronic Journal, 2008This paper examines the impact of option trading on individual investor performance. The results show that most investors incur substantial losses on their option investments, which are much larger than the losses from equity trading. We attribute the detrimental impact of option trading on investor performance to poor market timing that results from ...
Bauer, R., Cosemans, M., Eichholtz, P.
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2012
This chapter deals with the first significant financialization in a government debt market: individual investors moving from being depositors in commercial banks to being direct owners of their own government’s debt. Individuals have an increased ability to trade a risk which, it can be argued, they in part assume as bank depositors (especially in ...
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This chapter deals with the first significant financialization in a government debt market: individual investors moving from being depositors in commercial banks to being direct owners of their own government’s debt. Individuals have an increased ability to trade a risk which, it can be argued, they in part assume as bank depositors (especially in ...
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Individual Investor Performance
SSRN Electronic Journal, 2013This paper discusses the performance of individual investors and theoretical discussion on the possible cause of the performance of individual investors.
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Should individual investors trade options?
Wilmott, 2022Some sensible option strategies deserve serious consideration by academics and personal finance authors
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Reaching the Individual Investor
2012There are fewer and fewer individual shareholders among the prospective investors in your company. That is because people have become more aware of specific risk (chapter 2) and of the wisdom of diversification through mutual funds. There are, however, some individuals who still want to manage all aspects of their financial activities. These individual
Ralph A. Rieves, John Lefebvre
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Performance Persistence of Individual Investors
SSRN Electronic Journal, 2009Using unique data on month-end stock market portfolios of all individual investors over an eleven year period, we nd that a substantial number of investors exhibit economically and statistically signicant performance persistence. Furthermore, a portfolio that is long in stocks previously favored by top performing investors earns a substantial risk ...
Limei Che +2 more
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Individual Investors and Local Bias
The Journal of Finance, 2010ABSTRACTThe paper tests whether individuals have value‐relevant information about local stocks (where “local” is defined as being headquartered near where an investor lives). Our methodology uses two types of calendar‐time portfolios—one based on holdings and one based on transactions.
Seasholes, Mark S., Zhu, Ning
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