Shu, Pei-Gi; Chiu, Shean-Bii; Chen, Hsuan-Chi; Yeh, Yin-Hua - In: Review of Quantitative Finance and Accounting 22 (2004) 3, pp. 199-217
From 52,649 accounts and 10,615,117 transaction records obtained from a renowned brokerage house in Taiwan we find that individual investors purchase 73.4% and sell 64.5% of their stock portfolios each month. This is more than ten times the statistics for their U.S. counterparts. In general,...
