Industry Based on Style Investing and Retail Investors
<span style="font-size: small;"><span style="font-family: Times New Roman;">Style investing has been developed in behaviral finance literature. In style investing, the investors first classify the investment options based common attribute and then buy their target ass...
| প্রধান লেখক: | , , |
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| বিন্যাস: | প্রবন্ধ |
| ভাষা: | fas |
| প্রকাশিত: |
University of Tehran
2017-12-01
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| মালা: | تحقیقات مالی |
| বিষয়গুলি: | |
| অনলাইন ব্যবহার করুন: | https://jfr.ut.ac.ir/article_66704_e335f2236f30d3bc604c51bad7099fcc.pdf |
| সংক্ষিপ্ত: | <span style="font-size: small;"><span style="font-family: Times New Roman;">Style investing has been developed in behaviral finance literature. In style investing, the investors first classify the investment options based common attribute and then buy their target asset from the selected group. This common attribute is called "style". In this research, the use of "industry" as a style in "style investing" has been survied. Correlation of retail investors transactions at the industry level was investigated by controlling variables of size and book value to market value. In order to test the research hypotheses, a sample of 8 milions transactions related to 335 firms was selected through a systematic elimination from the listed firms in the Tehran Stock Exchange between 2008 and 2014. The results showed that industry is used as a "style" by retail investors. In addition, the use of size and book value as a "style" was observed.</span></span>
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