Please use this identifier to cite or link to this item:
https://doi.org/10.1016/j.pacfin.2023.102186
| DC Field | Value | |
|---|---|---|
| dc.title | Momentum and individual investor trades: Evidence from Singapore | |
| dc.contributor.author | Hameed, A | |
| dc.contributor.author | Ni, Z | |
| dc.contributor.author | Tan, CA | |
| dc.date.accessioned | 2024-06-19T03:03:55Z | |
| dc.date.available | 2024-06-19T03:03:55Z | |
| dc.date.issued | 2023-12-01 | |
| dc.identifier.citation | Hameed, A, Ni, Z, Tan, CA (2023-12-01). Momentum and individual investor trades: Evidence from Singapore. Pacific Basin Finance Journal 82 (102186-102186). ScholarBank@NUS Repository. https://doi.org/10.1016/j.pacfin.2023.102186 | |
| dc.identifier.issn | 0927-538X | |
| dc.identifier.uri | https://scholarbank.nus.edu.sg/handle/10635/248957 | |
| dc.description.abstract | This paper examines the role of retail investor trading activity on stock price momentum. We find that there is little evidence of momentum for stocks traded on the Singapore Exchange (SGX) unconditionally and momentum is concentrated in stocks with high market capitalization and high nominal prices. While these stocks are likely to be the trading habitat of institutional investors, they exhibit substantially greater price momentum when they are accompanied by heavy trading by retail investors. Moreover, contrarian trading by retail investors on momentum stocks increases stock price underreaction to information and generates momentum of above 2% per month. | |
| dc.publisher | Elsevier BV | |
| dc.source | Elements | |
| dc.subject | momentum | |
| dc.subject | retail investors | |
| dc.subject | contrarian trading | |
| dc.subject | underreaction | |
| dc.type | Article | |
| dc.date.updated | 2024-06-13T07:31:19Z | |
| dc.contributor.department | FINANCE | |
| dc.description.doi | 10.1016/j.pacfin.2023.102186 | |
| dc.description.sourcetitle | Pacific Basin Finance Journal | |
| dc.description.volume | 82 | |
| dc.description.issue | 102186-102186 | |
| dc.published.state | Published | |
| Appears in Collections: | Staff Publications Elements | |
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Files in This Item:
| File | Description | Size | Format | Access Settings | Version | |
|---|---|---|---|---|---|---|
| Momentum and Retail Trading 2023Jun28.pdf | 755.54 kB | Adobe PDF | OPEN | Post-print | Available on 01-12-2025 |
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