Essays about: "Investor sophistication"

Found 5 essays containing the words Investor sophistication.

  1. 1. Disposition Effect and Time: Are investors increasingly reluctant to realize losses the longer they hold on to a stock?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Mathias Lien Oskarsson; [2022]
    Keywords : Behavioral finance; Disposition effect; Holding period; Gender; Age;

    Abstract : The disposition effect is defined as the notion that investors hold on to losses for too long. In this paper I study how the disposition effect is influenced by the longer the investor holds on to a stock. READ MORE

  3. 2. Statistical Arbitrage & Fund Performance: An Empirical Analysis of Fund Returns

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Magnus Berg; Christoffer Knutsson; [2017]
    Keywords : Statistical Arbitrage; Fund Performance; Net Returns; Business and Economics;

    Abstract : Fund companies and banks argue that letting them manage one’s money is a wise decision. They argue that they are able to create substantial growth in value for the investor without requiring any other input than a small fee and an amount to be invested. This essay tests this claim in a two folded analysis. READ MORE

  4. 3. Post-Earnings-Announcement Drift and Investor Sophistication: Employing buy-side, sell-side and inside proxies in a Swedish setting

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

    Author : Hjalmar Kågerman; Erik Orbring Svensson; [2014]
    Keywords : post-earnings-announcement drift; investor sophistication; institutional ownership; analyst experience; insider trading;

    Abstract : This paper studies the post-earnings-announcement drift and its connection to investor sophistication in Sweden over a time period ranging from 2004 to 2013. Using a sample of 215 stocks, it is first hypothesized and shown that a portfolio long (short) in shares with positive (negative) earnings announcement returns yields economically and statistically significant cumulative abnormal returns over a 60-day holding period. READ MORE

  5. 4. Dodging the Leveraged ETF Bullet - An Innovative Trading Strategy

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : David Boxi Hu; Henrik Bark; [2010]
    Keywords : SPY; SSO; Leveraged ETF; Tracking Error; Trading Strategy;

    Abstract : Two main parts, with separate purposes constitute this thesis. Firstly, ETFs and Leveraged ETFs are demystified in an indepth descriptive manor. In a short period of time ETFs have reached immense popularity, but investor knowledge and sophistication is lagging. READ MORE

  6. 5. Regulating Sophistication: The Effects of Investor Discrimination

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Tomas Thörnqvist; [2009]
    Keywords : Mutual fund; Investor sophistication; Regulation; Return predictability; Smart money;

    Abstract : I argue that differences in regulation between Sweden and the United States has made the demand side of the Swedish mutual fund market more sophisticated than its American counterpart. Using a Swedish data set I find, in accordance with studies conducted on American data, that net flows are positively linearly correlated with past performance, and I also find evidence for a non-linear, convex relationship. READ MORE