TY  - JOUR
A1  - Etheber, Thomas
A1  - Hennen, Dominik
A1  - Rochow, Tilman
A1  - Hackethal, Andreas
A1  - Meyer, Steffen
T1  - Individual investors trading and performance around earnings announcements of volatile and short-sale constraint stocks
T2  - EFL quarterly : an E-Finance Lab publication
N2  - INDIVIDUAL INVESTORS ARE REPEATEDLY FOUND TO UNDERPERFORM RELATIVE TO A MARKET INDEX. BESIDES EXCESSIVE TRADING, LITTLE IS KNOWN WHEN RETAIL INVESTORS COLLECTIVELY LOSE. THIS ARTICLE SHOWS THAT TRADING IN SHORT-SELLING CONSTRAINED, VOLATILE STOCKS AROUND EARNINGS ANNOUNCEMENTS IS COSTLY TO INDIVIDUAL INVESTORS. THE EFFECT IS PARTICULARLY PRONOUNCED FOR LESS SOPHISTICATED INVESTORS.
Y1  - 2012
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/57928
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-579283
SN  - 1866-1238
VL  - 2012
IS  - 4
SP  - 4
EP  - 5
PB  - E-Finance Lab e.V.
CY  - Frankfurt am Main
ER  -