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Author:Voronkova, S.
Bohl, M.T.
Title:Institutional traders' behavior in an emerging stock market: Empirical evidence on Polish pension fund investors
Journal:Journal of Business Finance and Accounting
2005 : SEP/OCT, VOL 32:7-8, p. 1537-1560
Index terms:Emerging markets
Stock markets
Investment
Pension funds
Trading
Poland
Language:eng
Abstract:This paper contributes to the literature on institutional herding and feedback trading by analyzing the investment behaviour of pension funds (here as: p-fnds.) on the Polish stock market. The results show that Polish p-fnds. investors are to a greater extent involved in herd-like behaviour pursuing feedback trading strategies more often than their counterparts in mature markets.
SCIMA record nr: 259381
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