Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Investor trading behavior: empirical evidence from the Egyptian stock exchange
Using unique, intraday transactions data from Egypt, this study examines the extent to which past returns, over several intervals going back to up to six months of past returns, and the level of sophistication of the different investor types, determine the propensity of different investor groups to...
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis |
| Published: |
AUC Knowledge Fountain
2015
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613408052903936 |
|---|---|
| access_status_str | Open Access |
| author | Khalil, Heba Mohamed |
| author_browse | Khalil, Heba Mohamed |
| author_facet | Khalil, Heba Mohamed |
| author_sort | Khalil, Heba Mohamed |
| collection | Thesis |
| dc_rights_str_mv | The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy. |
| description | Using unique, intraday transactions data from Egypt, this study examines the extent to which past returns, over several intervals going back to up to six months of past returns, and the level of sophistication of the different investor types, determine the propensity of different investor groups to buy and sell. I adopted the buy ratio differences method to determine which investors adopt a momentum behavior and which investors adopt a contrarian behavior. I find that non-Arab foreign investors tend to be momentum investors, buying past winning stocks and selling past losers while domestic investors, especially individual investors, tend to exhibit contrarianism. The distinctions in behavior are, to a great extent, consistent across the five different past-return intervals. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-1154 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:39.635Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2015 |
| publishDateRange | 2015 |
| publishDateSort | 2015 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-1154 Investor trading behavior: empirical evidence from the Egyptian stock exchange Khalil, Heba Mohamed Using unique, intraday transactions data from Egypt, this study examines the extent to which past returns, over several intervals going back to up to six months of past returns, and the level of sophistication of the different investor types, determine the propensity of different investor groups to buy and sell. I adopted the buy ratio differences method to determine which investors adopt a momentum behavior and which investors adopt a contrarian behavior. I find that non-Arab foreign investors tend to be momentum investors, buying past winning stocks and selling past losers while domestic investors, especially individual investors, tend to exhibit contrarianism. The distinctions in behavior are, to a great extent, consistent across the five different past-return intervals. 2015-06-01T07:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/155 https://fount.aucegypt.edu/context/etds/article/1154/viewcontent/Final_Thesis_Draft.pdf The author retains all rights with regard to copyright. The author certifies that written permission from the owner(s) of third-party copyrighted matter included in the thesis, dissertation, paper, or record of study has been obtained. The author further certifies that IRB approval has been obtained for this thesis, or that IRB approval is not necessary for this thesis. Insofar as this thesis, dissertation, paper, or record of study is an educational record as defined in the Family Educational Rights and Privacy Act (FERPA) (20 USC 1232g), the author has granted consent to disclosure of it to anyone who requests a copy. Theses and Dissertations AUC Knowledge Fountain Investor behavior Momentum |
| spellingShingle | Investor behavior Momentum Khalil, Heba Mohamed Investor trading behavior: empirical evidence from the Egyptian stock exchange |
| title | Investor trading behavior: empirical evidence from the Egyptian stock exchange |
| title_full | Investor trading behavior: empirical evidence from the Egyptian stock exchange |
| title_fullStr | Investor trading behavior: empirical evidence from the Egyptian stock exchange |
| title_full_unstemmed | Investor trading behavior: empirical evidence from the Egyptian stock exchange |
| title_short | Investor trading behavior: empirical evidence from the Egyptian stock exchange |
| title_sort | investor trading behavior empirical evidence from the egyptian stock exchange |
| topic | Investor behavior Momentum |
| url | https://fount.aucegypt.edu/etds/155 https://fount.aucegypt.edu/context/etds/article/1154/viewcontent/Final_Thesis_Draft.pdf |
| work_keys_str_mv | AT khalilhebamohamed investortradingbehaviorempiricalevidencefromtheegyptianstockexchange |