The response of different investor types to macroeconomic news

Basit Öğe Kaydı
dc.authorid0000-0002-3443-8073en_US
dc.contributor.authorİkizlerli, Deniz
dc.contributor.authorHolmes, Phil
dc.contributor.authorAnderson, Keith
dc.date.accessioned2021-06-10T06:38:37Z
dc.date.available2021-06-10T06:38:37Z
dc.date.issued2019-06
dc.description.abstractWe provide the first investigation of foreign, local institutional and local individual investors’ trading responses to global, regional and local macroeconomic surprises using daily buy-sell volumes for Korea, taking account of endogeneity. Investor types respond differently to different shocks and differentially to the same news. Responses also differ across market states. However, behavior is more complex than previously recognized. Local individuals’ (institutions’) responses to local news suggest they are contrarian (momentum) traders with respect to expected policy responses, rather than the raw shocks themselves. The importance of investor type to understanding the impact of macroeconomic news on behavior is highlighted.en_US
dc.fullTextLevelFull Texten_US
dc.identifier.doi10.1016/j.mulfin.2019.02.005en_US
dc.identifier.issn1042444X
dc.identifier.scopus2-s2.0-85062274559en_US
dc.identifier.urihttps://hdl.handle.net/11411/3725
dc.identifier.urihttps://doi.org/10.1016/j.mulfin.2019.02.005
dc.identifier.wosWOS:000471273900002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.nationalInternationalen_US
dc.numberofauthors3en_US
dc.pages13 - 28en_US
dc.relation.ispartofJournal of Multinational Financial Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectForeign investorsen_US
dc.subjectIndividual investorsen_US
dc.subjectInstitutional investorsen_US
dc.subjectMacroeconomic announcementsen_US
dc.subjectTrading decisionsen_US
dc.titleThe response of different investor types to macroeconomic newsen_US
dc.typeArticleen_US
dc.volume50en_US

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