Magron, Camille; Merli, Maxime - Laboratoire de Recherche en Gestion (LaRGE), Institut … - 2012
In this article, we stress the impact of sophistication on stocks repurchase behavior by individual investors. By analyzing a large database of 8’072’016 trades by 84’500 individual French investors from 1999 to 2006, we evidence at aggregated and individual level that investors prefer to...