Vorteilhaftigkeit des börslichen Abendhandels aus Anlegersicht In dieser Studie werden die Effekte der Vorverlegung des Handelsschlusses im elektronischen deutschen Börsenhandelssystem Xetra am 3. November 2003 von 20.00 Uhr auf 17.30 Uhr auf den nicht-anonymen Parketthandel der Frankfurter...

Diese Dissertation liefert empirische Evidenz zum Investitionsverhalten von Privatanlegern. Es wird oft angenommen, dass Privatanleger schlechter informiert sind und deshalb weniger rational handeln als institutionelle Investoren. Die empirischen Befunde sind jedoch gemischt. Während der...

This study analyses the implications that have emanated for non-anonymous floor trading at the Frankfurt stock exchange from the fact that the closing hour of electronic stock trading at the German stock exchange system XETRA has been advanced from 20.00 hrs to 17.30 hrs. effective as of 03...

This article contributes to the debate about the relative qualities of floor and electronic trading systems by analysing the effects of bringing forward the Xetra closing time from 8.00 pm to 5.30 pm in November 2003, while the Frankfurt floor remains open until 8.00 pm. This natural...

This paper contributes to the debate about individual and institutional investors' trading behaviour with new evidence from the Polish stock market. While most existing studies focus on institutional investors' trading in developed markets, we test for the presence of herding during market up-...

This paper examines individual investors' trading behaviour by testing the presence of Monday and January anomalies on the Polish futures market, where individuals are the predominant trader type. Both anomalies are well established in the literature, and they are at least partially attributed...