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Does investor personality moderate the relationship between information sources and trading behavior? Evidence from Chinese stock market
Tauni, Muhammad Zubair; Rao, Zia-ur-Rehman; Fang, Hong-Xing - In: Managerial Finance 43 (2017) 5, pp. 545-566
advice, word-of-mouth communication and specialized press, on trading behavior of Chinese stock investors. The study also … analyzed if the association between the key sources of information and trading behavior is influenced by investor personality … personality traits on the association between sources of information and stock trading behavior. Findings The results of the study …
Persistent link: https://www.econbiz.de/10014941672
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Positive-feedback trading activity and momentum profits
Shi, Jian; Chiang, Thomas C.; Liang, Xiaoli - In: Managerial Finance 38 (2012) May, pp. 508-529
calculated as a fraction of the total number of stocks in that period. The authors then investigate whether day-to-day PF trading …. Findings – This study finds that about 9.4 per cent of stocks exhibit PF trading activities and that these activities have a … stocks with PF trading is higher in the portfolios of extreme losers than in the portfolios of extreme winners. The evidence …
Persistent link: https://www.econbiz.de/10010540356
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The Tiger Woods scandal: a cautionary tale for event studies
Hood, Matthew - In: Managerial Finance 38 (2012) May, pp. 543-558
Purpose – Tiger Woods suffered minor injuries and major scrutiny into his personal life due to a suspicious car crash. Previous research suggests that his sponsors would be expected to suffer a significant negative shock. The purpose of this paper is to determine if there was such a shock and...
Persistent link: https://www.econbiz.de/10010540358
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Economies of scope and scale in the mutual-fund industry
Banko, John; Beyer, Scott; Dowen, Richard - In: Managerial Finance 36 (2010) April, pp. 322-336
Purpose – The purpose of this paper is to examine market concentration, economies of scale, economies of scope, and the relative size of a particular fund, within a fund family, as determinants of mutual-fund expense ratio. This examination is focused at the asset-manager level and is based on...
Persistent link: https://www.econbiz.de/10009319838
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Capital structure and outcome of proxy contest targets: An empirical study
Gao, Ning; Brooks, Jason Everett - In: Managerial Finance 36 (2010) April, pp. 294-321
Purpose – The purpose of this paper is to investigate the influence of capital structure changes by target firms on the outcome and ex post performance of firms targeted by proxy contests. Design/methodology/approach – The influence is examined by using predictions of control-driven model...
Persistent link: https://www.econbiz.de/10009319846
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Key accounting value drivers that affect stock returns: evidence from Greece
Florou, Christie; Chalevas, Constantinos - In: Managerial Finance 36 (2010) November, pp. 903-916
Purpose – This paper seeks to investigate the accounting factors that affect the value of a firm. Design/methodology/approach – Cross-sectional analysis is employed to investigate the association between critical accounting ratios and stock returns. Findings – This study finds that the...
Persistent link: https://www.econbiz.de/10009275356
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The rare event risk in African emerging stock markets
Tolikas, Konstantinos - In: Managerial Finance 37 (2011) March, pp. 275-294
Purpose – The purpose of this paper is to investigate the asymptotic distribution of the extreme daily stock returns in African stock markets over the period 1996-2007 and examine the implications for downside risk measurement. Design/methodology/approach – Extreme value theory methods are...
Persistent link: https://www.econbiz.de/10009275365
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The volatility transmission of stock returns across Asia, Europe, and North America
Chiou, Ingyu - In: Managerial Finance 37 (2011) May, pp. 442-450
, London, and New York) are in different time zones and trading takes place sequentially. Specifically, the intraday return is …
Persistent link: https://www.econbiz.de/10009275371
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The stock market reaction to stock dividends in Nigeria and their information content
Campbell, Kevin; Ohuocha, Chijioke - In: Managerial Finance 37 (2011) March, pp. 295-311
Purpose – The purpose of this paper is to examine whether stock dividend announcements create value for companies traded on the Nigerian stock market and to ascertain the nature of the information such announcements convey. Design/methodology/approach – A standard event study methodology,...
Persistent link: https://www.econbiz.de/10009275379
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Individual stock market risk and price valuation: the case of Titan S.A.
Maniatis, Paraschos - In: Managerial Finance 37 (2011) April, pp. 347-361
Purpose – The purpose of this study is twofold: to test the hypothesis that the closing prices of Titan S.A. stock can be approximated by a random walk; and to valuate the risk associated to this stock. The first question is equivalent to the efficient market hypothesis (EMH) and, therefore,...
Persistent link: https://www.econbiz.de/10009275398