The Investment Behavior and Performance of Various Investor Types: A Study of Finland's Unique Data Set

By Chenchuramaiah T. Bathala. 2000

293 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/cd64e26db84be055fcea46747c0e64c8dcf1a593

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Citations in the corpus

Why Do Foreign Investors Underperform Domestic Investors in Trading Activities? Evidence from Indonesia (2009, unknown): “Grinblatt and Keloharju (2000) and Seasholes (2004) report that foreign investors are better traders, since they are better informed. They find evidence that foreign investors generally outperform domestic investors. Brennan and Cao (1997), Hau, 2001, Dvořák (2005), Choe, Kho, and Stulz (2005), howe”
The Dynamics of Institutional and Individual Trading (2003, background): “However, Grinblatt et al. (1995) ¢ndmuch stronger evidence of momentum investing by mutual funds and Badrinath and Wahal (2001) ¢nd that the propensity of momentum trading varies substantially across institution types and is primarily limited to new equity positions. Wermers (1999) also documents st”
The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises (2012, background): “…2005; Kang and Stulz, 1997; Van Nieuwerburgh and Veldkamp, 2009; Andrade and Chhaochharia, 2010) and biases arising from familiarity considerations (Grinblatt and Keloharju, 2000; Huberman, 2001; Seasholes and Zhu, 2010).2 The observed increase in the home bias may come from a change in any of…”
The behavior and performance of major types of futures traders (2002, background): “Shefrin and Statman (1985), Nofsinger and Sias (1999), and Grinblatt and Keloharju (2000) show that investors most likely condition their trades on past returns,”
Foreign Institutional Ownership and Stock Market Liquidity: Evidence from Indonesia (2009, unknown): “5 This perception may be justified by the past studies that have shown that: (i) foreign investors are better traders since they are better informed (Grinblatt and Keloharju, 2000; Seasholes, 2004); (ii) foreign institutions are better monitors of corporate management than local institutions…”
Are Retail Traders Compensated for Providing Liquidity (2016, unknown): “Kaniel et al. (2008) identify individual investor trades using the NYSEs Consolidated Audit Trail Data files, which contain detailed information on all orders executed on the exchange, including a field that identifies whether the order comes from an individual investor. They show that the top decil”
The Local Bias of Individual Investors (2002, unknown): “In addition, individual portfolios are typically less diversified (Goetzmann and Kumar, 2002) and more susceptible to the impact of tax filing (Constantinides, 1984; Odean, 1998).”
Do Individual Investors Cause Post-Earnings Announcement Drift? Direct Evidence from Personal Trades (2008, unknown): “…studies suggest that institutional investors are more sophisticated traders than are individual investors (Hand 1990; Lee et al. 1991; Walther 1997; Grinblatt and Keloharju 2000; Balsam et al. 2002; Bonner et al. 2003; Asthana et al. 2004; De Franco et al. 2006; Mikhail et al. 2007), and some…”
Investor Protection, Equity Returns, and Financial Globalization (2009, background): “Consistently, Grinblatt and Keloharju (2000) show using Finnish data that foreign investors have outperformed domestic investors.”
Dumb Money: Mutual Fund Flows and the Cross-Section of Stock Returns (2008, background): “But in contrast to their return-chasing behavior in mutual funds, a variety of evidence suggests that individual investors act as contrarians when trading individual stocks (see Grinblatt and Keloharju (2000), Goetzmann and Massa (2002)).”
How Do Foreign Institutional Investors Enhance Firm Innovation? (2017, background): “Our IV-approach analysis continues to find a positive effect of foreign institutional ownership on firm innovation. We next examine three plausible underlying economic mechanisms through which foreign institutions enhance firm innovation. First, to test the monitoring channel, we classify foreign in”