TUTCRIS - Tampereen teknillinen yliopisto

TUTCRIS

Neighbors matter: Geographical distance and trade timing in the stock market

Tutkimustuotosvertaisarvioitu

Yksityiskohdat

AlkuperäiskieliEnglanti
JulkaisuFinance Research Letters
Varhainen verkossa julkaisun päivämäärä2018
DOI - pysyväislinkit
TilaJulkaistu - 2018
OKM-julkaisutyyppiA1 Alkuperäisartikkeli

Tiivistelmä

The starting point of this paper is that neighboring investors may talk to each other sharing information about their transactions in stock markets, leading to similar trading behavior. We find that pairwise trade timing similarities between investor pairs are negatively associated to geographical distance between corresponding investor pairs. This suggests that local information transfer channels between neighboring individual investors are used in decision making. We also observe that differences in age and language moderate this association. The analysis is conducted using investor level data from different regions of Finland.

!!ASJC Scopus subject areas

Tutkimusalat

Julkaisufoorumi-taso

Tilastokeskuksen tieteenalat

Latausten tilastot

Ei tietoja saatavilla