Trading Puzzle, Puzzling Trade

Basit Öğe Kaydı
dc.WoS.categoriesBusiness, Finance; Economicsen_US
dc.contributor.authorErdem, Orhan
dc.contributor.authorArık, Evren
dc.contributor.authorYüksel, Serkan
dc.date.accessioned2021-02-25T09:28:18Z
dc.date.available2021-02-25T09:28:18Z
dc.date.issued2014-12
dc.description.abstractWe explore the return performance of individual investors with respect to various factors such as portfolio size, turnover, holding period and also demographic factors: gender and age. We examine the daily trades in Borsa Istanbul (formerly Istanbul Stock Exchange) of 20,000 individual investors over the two year period 2011-2012. Utilizing a weekly data set, we bring new evidence to the current debates on individual investors' trading patterns. Our findings can be summarized as follows: There is a positive relationship between holding period and return up to a certain level. The return of the individual portfolio is positively correlated with the portfolio size. Almost 70% of all individual investors cannot beat the market. Investors who have high turnover underperform compared to those who have lower turnover. Male investors trade more and lose more vis-a-vis the female and older investors have higher returns.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.3848/iif.2014.345.4207en_US
dc.identifier.issn1308-4658
dc.identifier.issn1300-610X
dc.identifier.urihttps://hdl.handle.net/11411/3300
dc.identifier.urihttps://doi.org/10.3848/iif.2014.345.4207
dc.identifier.wosWOS:000345974500003en_US
dc.identifier.wosqualityQ4en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.issue345en_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors3en_US
dc.pages83-102en_US
dc.publisherBilgesel Yayincilik San & Tic Ltden_US
dc.relation.ispartofIktisat Isletme Ve Finansen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectIndividual Investoren_US
dc.subjectTurnoveren_US
dc.subjectPortfolio Sizeen_US
dc.subjectStock Returnsen_US
dc.subjectHolding Perioden_US
dc.titleTrading Puzzle, Puzzling Tradeen_US
dc.typeArticleen_US
dc.volume29en_US

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