Investor types' trading around the short‐term reversal pattern

Olena Onishchenko and Numan Ülkü

International Journal of Finance & Economics, 2022, vol. 27, issue 2, 2627-2647

Abstract: Using exact and complete Korean data of investor trading, we provide an anatomy of investor types' trading throughout the short‐horizon overshooting‐and‐reversal pattern in stock returns. We document two forms of non‐optimal trading behaviour associated with the pattern: First, institutional investors' chasing of return shocks at the overshooting point, particularly in the large‐cap segment. Second, individual investors' buying of winner stocks in the small‐cap segment, consistent with an attention‐driven speculative buying bias.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1002/ijfe.2291

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:ijfiec:v:27:y:2022:i:2:p:2627-2647

Ordering information: This journal article can be ordered from
http://jws-edcv.wile ... PRINT_ISSN=1076-9307

Access Statistics for this article

International Journal of Finance & Economics is currently edited by Mark P. Taylor, Keith Cuthbertson and Michael P. Dooley

More articles in International Journal of Finance & Economics from John Wiley & Sons, Ltd.
Bibliographic data for series maintained by Wiley Content Delivery ().