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刘玉珍
Just how much do individual investors lose by trading?
BM Barber, YT Lee, YJ Liu… - … of Financial Studies, 2009 - Soc Financial Studies
Abstract Individual investor trading results in systematic and economically large losses.
Using a complete trading history of all investors in Taiwan, we document that the aggregate
portfolio of individuals suffers an annual performance penalty of 3.8 percentage points. ...
被引用次数:277 相关文章 所有 26 个版本 引用
psu.edu 中的 [PDF]
Order imbalances and market efficiency: Evidence from the Taiwan Stock Exchange
YT Lee, YJ Liu, R Roll… - Journal of Financial …, 2004 - Cambridge Univ Press
... price because it could signal private information (Kyle (1985)) and because it *Lee,
actyt1@nccu.edu.tw, and Liu, finyj1@nccu ... 328 Journal of Financial and Quantitative Analysis ...
Most existing studies analyze order imbalances around specific events or over short periods ...
被引用次数:96 相关文章 所有 19 个版本 引用
berkeley.edu 中的 [PDF]
Is the aggregate investor reluctant to realise losses? Evidence from Taiwan
BM Barber, YT Lee, YJ Liu… - European Financial …, 2007 - Wiley Online Library
... Barber, BM, Lee, Y.-T., Liu, Y.-J. and Odean, T. (2007), Is the Aggregate Investor Reluctant to ...
In contrast to prior studies, which analyse the decisions of a relatively small sample of investors
or a ... of all investors for a five-year period in the world's 12th largest financial market. 1. ...
被引用次数:101 相关文章 所有 11 个版本 引用 |
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