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...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2017-12-01
|
| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_66704_e335f2236f30d3bc604c51bad7099fcc.pdf |
| _version_ | 1818041467077132288 |
|---|---|
| author | Mojtaba Soleymani Mareshk Seyed Abbas Hashemi Saeed Samadi |
| author_facet | Mojtaba Soleymani Mareshk Seyed Abbas Hashemi Saeed Samadi |
| author_sort | Mojtaba Soleymani Mareshk |
| collection | DOAJ |
| description | <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>
<span style="font-family: Times New Roman; font-size: small;"> </span> |
| first_indexed | 2024-12-10T08:30:53Z |
| format | Article |
| id | doaj.art-fed19e37f3f54696885c1a04234b51d5 |
| institution | Directory Open Access Journal |
| issn | 1024-8153 2423-5377 |
| language | fas |
| last_indexed | 2024-12-10T08:30:53Z |
| publishDate | 2017-12-01 |
| publisher | University of Tehran |
| record_format | Article |
| series | تحقیقات مالی |
| spelling | doaj.art-fed19e37f3f54696885c1a04234b51d52022-12-22T01:56:06ZfasUniversity of Tehranتحقیقات مالی1024-81532423-53772017-12-0119455757810.22059/jfr.2018.253837.100662766704Industry Based on Style Investing and Retail InvestorsMojtaba Soleymani Mareshk0Seyed Abbas Hashemi1Saeed Samadi2Ph.D. Student in Accounting, Faculty of Administrative & Economic Sciences, University of Isfahan, Isfahan, IranAssociate Prof. in Accounting, Faculty of Administrative & Economic Sciences, University of Isfahan, Isfahan, IranAssociate Prof. in Economy, Faculty of Administrative & Economic Sciences, University of Isfahan, Isfahan, Iran<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> <span style="font-family: Times New Roman; font-size: small;"> </span>https://jfr.ut.ac.ir/article_66704_e335f2236f30d3bc604c51bad7099fcc.pdfbehavioral financeherdingindustryretail investorstyle investing |
| spellingShingle | Mojtaba Soleymani Mareshk Seyed Abbas Hashemi Saeed Samadi Industry Based on Style Investing and Retail Investors تحقیقات مالی behavioral finance herding industry retail investor style investing |
| title | Industry Based on Style Investing and Retail Investors |
| title_full | Industry Based on Style Investing and Retail Investors |
| title_fullStr | Industry Based on Style Investing and Retail Investors |
| title_full_unstemmed | Industry Based on Style Investing and Retail Investors |
| title_short | Industry Based on Style Investing and Retail Investors |
| title_sort | industry based on style investing and retail investors |
| topic | behavioral finance herding industry retail investor style investing |
| url | https://jfr.ut.ac.ir/article_66704_e335f2236f30d3bc604c51bad7099fcc.pdf |
| work_keys_str_mv | AT mojtabasoleymanimareshk industrybasedonstyleinvestingandretailinvestors AT seyedabbashashemi industrybasedonstyleinvestingandretailinvestors AT saeedsamadi industrybasedonstyleinvestingandretailinvestors |