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Do financial market experts know their theory? : new evidence from survey data
Brückbauer, Frank - 2022 - This draft: April 2022
forecasts has weak predictive power for actual returns, but is a less precise forecast than a simple average of historical stock …
Persistent link: https://www.econbiz.de/10013175639
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Do financial market experts know their theory? : new evidence from survey data
Brückbauer, Frank - 2020
market experts’ stock return forecasts has weak predictive power for actual returns, but is a less precise forecast than a …
Persistent link: https://www.econbiz.de/10012420532
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Is local bias a cross-border phenomenon? : evidence from individual investors’ international asset allocation
Baltzer, Markus; Stolper, Oscar; Walter, Andreas - 2013
stocks (local bias). We hypothesize that individual investors’ local bias is not limited to the domestic sphere but instead … also determines their international investment decisions. Our results confirm the presence of a cross-border local bias … display a significantly lower foreign investment bias towards investment opportunities in that country and (ii) that this drop …
Persistent link: https://www.econbiz.de/10009740268
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Who trades on momentum?
Baltzer, Markus; Jank, Stephan; Smajlbegovic, Esad - 2014
declines with investors’ financial sophistication though, as proxied by financial wealth and equity home bias. Observing …
Persistent link: https://www.econbiz.de/10010471006
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The behaviour of noise traders : empirical evidence on purchases of business magazines
Czarnitzki, Dirk - 2000
According to the prospect theory financial investors tend to sell winners too early and ride losers too long. Therefore, demand for financial advise should be high in a bull market and low in a bear market. Thus, we test the hypothesis whether the demand for business magazines is somehow related...
Persistent link: https://www.econbiz.de/10013428355
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The connection of stock markets between Germany and the USA : new evidence from a co-integration study
Eberts, Elke - 2003
Persistent link: https://www.econbiz.de/10013428568
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Multifaktormodelle zur Erklärung deutscher Aktienrenditen : eine empirische Analyse
Ziegler, Andreas; Eberts, Elke; Schröder, Michael; … - 2003
Persistent link: https://www.econbiz.de/10013428577
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Black Monday, globalization and trading behavior of stock investors
Kurz-Kim, Jeong-Ryeol - 2016
Using a simple sign test, we report new empirical evidence, taken from both the US and the German stock markets, showing that trading behavior substantially changed around Black Monday in 1987. It turned out that before Black Monday investors behaved more as in the momentum strategy; and after...
Persistent link: https://www.econbiz.de/10011486252
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Flying under the radar : the effects of short-sale disclosure rules on investor behavior and stock prices
Jank, Stephan; Roling, Christoph; Smajlbegovic, Esad - 2016
This paper analyzes how newly introduced transparency requirements for short positions affect investors' behavior and security prices. Employing a unique data set, which contains both public positions above and confidential positions below the regulatory disclosure threshold, we offer several...
Persistent link: https://www.econbiz.de/10011500150
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Time-varying stock return correlation, news shocks, and business cycles
Metiu, Norbert; Prieto, Esteban - 2023 - November 25, 2022
The cross-sectional average of pairwise correlations across stocks traded on the NYSE, AMEX, and Nasdaq is a powerful predictor of U.S. economic activity at a horizon of one to four years. Its predictive ability is on a par with the slope of the yield curve and significantly exceeds that of some...
Persistent link: https://www.econbiz.de/10014227600