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Retail Investor Sentiment and Behavior

An Empirical Analysis

  • Book
  • © 2011

Overview

Authors:
  1. Matthias Burghardt
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Table of contents (7 chapters)

  1. Front Matter

    Pages I-XV
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  2. Introduction

    • Matthias Burghardt
    Pages 1-8

  3. Related Theoretical and Empirical Work

    • Matthias Burghardt
    Pages 9-33

  4. Investor Sentiment Construction

    • Matthias Burghardt
    Pages 35-68

  5. Construction of the Euwax Sentiment Index

    • Matthias Burghardt
    Pages 69-92

  6. Retail Investor Herding

    • Matthias Burghardt
    Pages 93-118

  7. The Predictive Power of Retail Investor Sentiment

    • Matthias Burghardt
    Pages 119-142

  8. Conclusion and Future Work

    • Matthias Burghardt
    Pages 143-150

  9. Back Matter

    Pages 151-158
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Keywords

About this book

Investor sentiment and behavior play an important role in financial markets. Using a unique data set consisting of more than 36.5 million submitted retail investor orders over the course of five years, Matthias Burghardt constructs an innovative retail investor sentiment index. He shows that retail investors’ trading decisions are correlated, that retail investors are contrarians, and that a profitable trading strategy can be based on these aggregated sentiment measures.

About the author

Matthias Burghardt received a doctorate degree in business administration from the Karlsruhe Institute of Technology where he worked as a research fellow under the supervision of Prof. Dr. Christof Weinhardt at the Institute of Information Systems and Management. He currently works at a leading European exchange organization for retail investors.

Bibliographic Information

  • Book Title: Retail Investor Sentiment and Behavior

  • Book Subtitle: An Empirical Analysis

  • Authors: Matthias Burghardt

  • DOI: https://doi.org/10.1007/978-3-8349-6170-9

  • Publisher: Gabler Verlag Wiesbaden

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 2011

  • Softcover ISBN: 978-3-8349-2713-2Published: 09 December 2010

  • eBook ISBN: 978-3-8349-6170-9Published: 16 March 2011

  • Edition Number: 1

  • Number of Pages: XV, 158

  • Number of Illustrations: 19 b/w illustrations

  • Topics: Finance, general

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