Understanding Information Asymmetry among Investors in Online Trading Environment
نویسندگان
چکیده
منابع مشابه
Trading Volume, Information Asymmetry, and Timing Information
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Investigating various corporate announcements and abnormal return days, I observe that around 2% of daily trading volume decreases only before scheduled earnings announcements. This empirical pattern is robust across different specifications and periods. Also, proxies of ex ante information asymmetry are consistently related to the trading volume only before scheduled earnings announcements. Th...
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The recent proliferation of online stock trading raises the question of whether online stock trading provides online investors with better benefits than does traditional brokerage-based trading. Compared to its well-known benefits such as lowered commission costs and convenience , the costs incurred to online investors before the transaction – information-processing costs – seem to have receive...
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This study investigates whether Asian investors trade overconfidently and what factors affect their overconfident trading based on the theoretical predictions of Gervais and Odean (2001) that market gains make investors trade overconfidently in subsequent periods. We find that Asian investors trade more aggressively subsequent to both domestic and U.S. market gains and their overconfident tradi...
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ژورنال
عنوان ژورنال: Journal of the Korea Society of Computer and Information
سال: 2016
ISSN: 1598-849X
DOI: 10.9708/jksci.2016.21.1.139