Essays about: "individual investor purchasing behavior"

Found 1 essay containing the words individual investor purchasing behavior.

  1. 1. The MAX effect and what drives it - Evidence from the Swedish stock market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Alexander Helmy; Karl Hellgren; [2015]
    Keywords : MAX effect; ; lottery-type stocks; cross-sectional return predictability; individual investor purchasing behavior;

    Abstract : Inspired by previous findings on the cross-sectional relationship between extreme positive daily stock returns and subsequent negative returns in the US and euro-zone markets, we search for its presence in the Swedish market. We argue that this effect, known as the MAX effect, is mainly driven by individual investors seeking lottery-like payoffs. READ MORE