Portfolio Diversification Dynamics of Individual Investors: A New Measure of Investor Sentiment [PDF]
SSRN Electronic Journal, 2012 We build a new measure of investor sentiment only based on changes in diversification levels of individual investors' portfolios. The dynamics of the number of different stocks in portfolios is modelized as a Markov chain. We measure investor sentiment as the area above the cumulative distribution of the steady-state equilibrium of diversification ...
openaire +1 more source
Do Individual Investors Drive Post-Earnings Announcement Drift? Direct Evidence from Personal Trades [PDF]
This study examines whether individual investors are the source of post- earnings announcement drift (PEAD). We provide evidence on how individual investors trade in response to extreme quarterly earnings surprises and on the relation between individual ...
James N. Myers +3 more
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Determinants of Individual Investor Behaviour: An Orthogonal Linear Transformation Approach [PDF]
Expected utility theory views the individual investment decision as a tradeoff between immediate consumption and deferred consumption. But individuals do not always prefer according to the classical theory of economics.
Chandra, Abhijeet, Kumar, Ravinder
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Individual investors and financial disclosure
, 2013 Using detailed data of individual investors, this study shows that, on average, individuals invest more in firms with clear and concise financial disclosures.
Lawrence, A
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Does social media information affect individual investor disposition effect? Evidence from Xueqiu.
PLoS ONEThe irrational behavior of investors selling profitable assets too early while holding onto losing assets for too long is known as the disposition effect.
Siliu Chen, Fei Ren
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Information Diffusion Effects in Individual Investors' Common Stock Purchases: Covet Thy Neighbors' Investment Choices [PDF]
Using data on stock purchases individual investors made through a discount broker from 1991 to 1996, we study information diffusion effects the relation between household investment choices and those made by their neighbors.
Scott Weisbenner, Zoran Ivkovich
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Sleep quality and trading behavior of individual investors on the stock market
Journal of Business Economics and ManagementThere are various factors that influence the trading behavior of individual investors in the stock market. This study, based on data from 405 individual investors, is the first to investigate the relationship between sleep quality and investors’ trading
Luu Thu Quang +3 more
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Liquidity clienteles : transaction costs and investment decisions of individual investors [PDF]
Theoretical papers link the liquidity premium to the optimal trading decisions of investors facing transaction costs. In particular, investors'holding periods determine how transaction costs are amortized and priced in asset returns.
Anginer, Deniz
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Individual Investor Mutual-Fund Flows [PDF]
This paper studies the relation between individuals' mutual fund flows and fund characteristics, establishing three key results. First, consistent with tax motivations, individual investors are reluctant to sell mutual funds that have appreciated in ...
Scott Weisbenner, Zoran Ivkovich
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Examination of Weekend Effect and Caparison of Individual and Legal Investor's Behavior During 1381-85 in Tehran Stock Exchange [PDF]
تحقیقات مالی, 2010 In this article using Autoregressive (AR), Autoregressive conditional heteroskedasticity (ARCH), Generalized autoregressive conditional heteroskedasticity (GARCH) Models we assess the weekend effect and also compare the trading patterns of individual and
Gholam Reza Eslami Bidgoli +1 more
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