| dc.contributor | 國貿系 | |
| dc.creator (作者) | 郭維裕 | |
| dc.creator (作者) | Kuo, Wei-Yu;Lin, Tse-Chun;Zhao, Jing | |
| dc.date (日期) | 2024-09 | |
| dc.date.accessioned | 2024-10-04 | - |
| dc.date.available | 2024-10-04 | - |
| dc.date.issued (上傳時間) | 2024-10-04 | - |
| dc.identifier.uri (URI) | https://nccur.lib.nccu.edu.tw/handle/140.119/153842 | - |
| dc.description.abstract (摘要) | Individual investors tend to trade in the same direction as other individual investors in the same broker branch. The more pronounced an individual investor's herding behavior, the worse his/her investment performance. We find that the limit orders of herding investors have a lower execution ratio, a longer time-to-execution, and a higher probability of being picked up by institutional investors, indicating that their orders are subject to the pick-off risk as they face fierce execution competition and tend to become stale after submissions. Finally, we find that individual investors learn from experience and herd less in the future. | |
| dc.format.extent | 109 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Journal of Empirical Finance, Vol.78, 101522, pp.1-21 | |
| dc.subject (關鍵詞) | Herding; Correlated trading; Investment performance; Individual investors; Learning | |
| dc.title (題名) | The correlated trading and investment performance of individual investors | |
| dc.type (資料類型) | article | |
| dc.identifier.doi (DOI) | 10.1016/j.jempfin.2024.101522 | |
| dc.doi.uri (DOI) | https://doi.org/10.1016/j.jempfin.2024.101522 | |
