Individualism and stock price reaction to market-wide information

Alexandru Todea and Alexandra Maria Buglea

Economics Letters, 2017, vol. 160, issue C, 4-6

Abstract: In less individualistic countries the market-wide information is more incorporated in stock prices. This result is no longer valid in the global crisis when individualistic investors change their behavior by focusing more on market-wide information.

Keywords: Culture; Individualism; R2; Market-wide information; Delay; Global crisis (search for similar items in EconPapers)
JEL-codes: G12 G15 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:160:y:2017:i:c:p:4-6

DOI: 10.1016/j.econlet.2017.07.028

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