Sökning: "individual investor purchasing behavior"

Hittade 1 uppsats innehållade orden individual investor purchasing behavior.

  1. 1. The MAX effect and what drives it - Evidence from the Swedish stock market

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Alexander Helmy; Karl Hellgren; [2015]
    Nyckelord :MAX effect; ; lottery-type stocks; cross-sectional return predictability; individual investor purchasing behavior;

    Sammanfattning : Inspired by previous findings on the cross-sectional relationship between extreme positive daily stock returns and subsequent negative returns in the US and euro-zone markets, we search for its presence in the Swedish market. We argue that this effect, known as the MAX effect, is mainly driven by individual investors seeking lottery-like payoffs. LÄS MER