Chen, Ying-Jen; Lee, Jen-Sin - In: Journal of Reviews on Global Economics 4 (2015), pp. 8-20
The low turnover premium found in U.S. equity markets is also found in Taiwan market, unlike the mixed evidence for other stylized effects such as size, book-to-market ratio and momentum. Consistent with investor overconfidence hypothesis proposed by Odean (1998, 1999), the percentage of foreign...