search query: @indexterm Share prices / total: 1009
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| Author: | Henker, J. Henker, T. |
| Title: | Are retail investors the culprits? Evidence from Australian individual stock price bubbles |
| Journal: | European Journal of Finance
2010 : APR-JUN, VOL. 16:3-4, p. 281-304 |
| Index terms: | retailing investors asset valuation SHARE PRICES bubbles Australia |
| Freeterms: | individual investor behavioral finance |
| Language: | eng |
| Abstract: | Based on that data are from the Australian Stock Exchange Clearinghouse. The author's intent is to study settings in which retail investors are most likely to have influence on market prices and analysis focus on stock price anomalies in primarily small capitalization stocks. For address the question of whether the trading of retail investors causes stock price anomalies,the author concludes that retail investors are not responsible for stock mispricing. Since retail investors do not affect prices in this carefully selected environment and infer that their trading is unlikely to influence stock market prices.This conclusion has important implications for theories, particularly behavioral finance theories, that are dependent on the influence of retail investor trading in stock markets. |
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