所属栏目:资本市场/资产定价/2024/2024年第03期

摘要

Despite the dominance of retail investors in the Chinese stock market, there’s a conspicuous absence of price momentum in weekly and monthly returns. This study uncovers the presence of price momentum in daily returns and, through a systematic analysis of trading heterogeneity among investors, links daily momentum to the attention and trading activities of new investors—a phenomenon particularly signiffcant in emerging stock markets. Furthermore, our ffndings indicate the existence of daily price momentum in various other emerging markets, contrasting with its relative scarcity in developed ones.
展开

关键词:

暂无

Zhenyu Gao; Wenxi Jiang; Wei A. Xiong; Wei Xiong Daily Momentum and New Investors in an Emerging Stock Market (2023年12月06日) https://www.cfrn.com.cn/dzqk/detail/15437

选择要认领的作者1
身份验证1
确认
取消