We document significant persistence in the market timing performance of active individual investors, suggesting that some investors are skilled at timing. Using data on all trades by active Finnish individual investors over almost 15 years, we also show that the net purchases of skilled versus...

At a fundamental level, corporate governance mechanisms promote ethical business relationships and actions. Having the proper governance mechanisms in place is especially important to the less informed, nonprofessional class of investors who may not have the ability, power or influence to...