Information Search Behavior: Proposal of Study with Investors in the Stock Market

Analysis of the Behavior of Amateur and Professional Investors’ Impact on the Formation of Bubbles in Tehran Stock Market

The presence of bubbles in the markets and its formation has been regarded by economists and they have been looking to develop methods that can be recognized by using appropriate method for the formation of bubbles. In this paper, first, the formation of bubbles is tested using the new unit root test known as Phillips test (Generalized Sup ADF test) for 50 companies in the Tehran Stock Exchange...

The Threshold Effect of Investors Sentiment On Stock Market Return

The behavioral financial perspective shows some changes in the price of securities have no fundamental reason and depend on the irrational behaviors of investors as measured by the investor sentiment. Investor sentiment plays an important role in the volatility of securities prices and returns. At first, by finding the thresholds and testing these points statistically, we showed that the invest...

Institutional Investors and Stock Market

We present a theory of excess stock market volatility, in which market movements are due to trades by very large institutional investors in relatively illiquid markets. Such trades generate significant spikes in returns and volume, even in the absence of important news about fundamentals. We derive the optimal trading behavior of these investors, which allows us to provide a unified explanation...

A study of applying data mining approach to the information disclosure for Taiwan's stock market investors

The financial literature and practices have shown the importance of corporate governance for decades, not only for firm’s management but also for investor protection. Information disclosure plays a key role in all of the governance mechanisms. With good information disclosure, the asymmetric information and the agency cost between the insider and the outsider of firms can be reduced effectively...

Determinants Of Investors Financial Behavior In Tehran Stock Exchange