Matches in SemOpenAlex for { <https://semopenalex.org/work/W1507446588> ?p ?o ?g. }
Showing items 1 to 66 of
66
with 100 items per page.
- W1507446588 abstract "Behavioural models generally require that the investment decisions of irrational investors aggregate in a systematic way. Using a unique Australian dataset of individual investor trades I investigate the plausibility of this assumption. I find that aggregate individual investor trades do indeed exhibit strong systematic patterns, including negative feedback trading and substantial persistence. In addition the weekly cross-sectional net trades of a large number of independent retail brokerage firms are contemporaneously correlated to a remarkable extent. Thus the aggregation assumption appears plausible. However I do not find that the net trades of retail investors consistently predict future returns in a negative fashion. In fact over the period 1991-2002, the net trades of full-service brokerage clients actually positively forecast future short-term market and cross-sectional returns. While small investors do act in a highly systematic fashion, their actions may not, at least in the short run, be classed as irrational." @default.
- W1507446588 created "2016-06-24" @default.
- W1507446588 creator A5045550469 @default.
- W1507446588 date "2003-01-01" @default.
- W1507446588 modified "2023-10-16" @default.
- W1507446588 title "The Aggregate Behaviour of Individual Investors" @default.
- W1507446588 cites W1574179494 @default.
- W1507446588 cites W1975750328 @default.
- W1507446588 cites W2050643653 @default.
- W1507446588 cites W2058701000 @default.
- W1507446588 cites W2156545174 @default.
- W1507446588 cites W2895547457 @default.
- W1507446588 cites W3122890729 @default.
- W1507446588 cites W3123048061 @default.
- W1507446588 cites W4206439541 @default.
- W1507446588 cites W4250287584 @default.
- W1507446588 cites W4251845435 @default.
- W1507446588 doi "https://doi.org/10.2139/ssrn.536942" @default.
- W1507446588 hasPublicationYear "2003" @default.
- W1507446588 type Work @default.
- W1507446588 sameAs 1507446588 @default.
- W1507446588 citedByCount "65" @default.
- W1507446588 countsByYear W15074465882012 @default.
- W1507446588 countsByYear W15074465882013 @default.
- W1507446588 countsByYear W15074465882014 @default.
- W1507446588 countsByYear W15074465882015 @default.
- W1507446588 countsByYear W15074465882016 @default.
- W1507446588 countsByYear W15074465882017 @default.
- W1507446588 countsByYear W15074465882018 @default.
- W1507446588 countsByYear W15074465882019 @default.
- W1507446588 countsByYear W15074465882023 @default.
- W1507446588 crossrefType "journal-article" @default.
- W1507446588 hasAuthorship W1507446588A5045550469 @default.
- W1507446588 hasConcept C106159729 @default.
- W1507446588 hasConcept C144133560 @default.
- W1507446588 hasConcept C149782125 @default.
- W1507446588 hasConcept C159985019 @default.
- W1507446588 hasConcept C162324750 @default.
- W1507446588 hasConcept C192562407 @default.
- W1507446588 hasConcept C4679612 @default.
- W1507446588 hasConcept C556758197 @default.
- W1507446588 hasConceptScore W1507446588C106159729 @default.
- W1507446588 hasConceptScore W1507446588C144133560 @default.
- W1507446588 hasConceptScore W1507446588C149782125 @default.
- W1507446588 hasConceptScore W1507446588C159985019 @default.
- W1507446588 hasConceptScore W1507446588C162324750 @default.
- W1507446588 hasConceptScore W1507446588C192562407 @default.
- W1507446588 hasConceptScore W1507446588C4679612 @default.
- W1507446588 hasConceptScore W1507446588C556758197 @default.
- W1507446588 hasLocation W15074465881 @default.
- W1507446588 hasOpenAccess W1507446588 @default.
- W1507446588 hasPrimaryLocation W15074465881 @default.
- W1507446588 hasRelatedWork W1502198272 @default.
- W1507446588 hasRelatedWork W1998718379 @default.
- W1507446588 hasRelatedWork W2017540542 @default.
- W1507446588 hasRelatedWork W2023578311 @default.
- W1507446588 hasRelatedWork W2073254488 @default.
- W1507446588 hasRelatedWork W2108954098 @default.
- W1507446588 hasRelatedWork W2370273288 @default.
- W1507446588 hasRelatedWork W2899084033 @default.
- W1507446588 hasRelatedWork W4214841405 @default.
- W1507446588 hasRelatedWork W4255972572 @default.
- W1507446588 isParatext "false" @default.
- W1507446588 isRetracted "false" @default.
- W1507446588 magId "1507446588" @default.
- W1507446588 workType "article" @default.