The performance of retail investors, trading intensity and time in the market: evidence from an emerging stock market

We analyze all stock transactions executed by the universe of individual (or retail) investors of the Colombian Stock Exchange (5,380,810 trades performed by 42,211 individual investors between 2006 and 2016). Retail investors had negative abnormal returns on a gross excess return basis that ranged...

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Bibliographic Details
Main Authors: Urbi Garay, Fredy Pulga
Format: Article
Language:English
Published: Elsevier 2021-12-01
Series:Heliyon
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2405844021026864