Retail Investor Behavior, Exchanges, and Financial Market Innovation – Insights from the 4th European Retail Investment Conference (ERIC)

2017 ◽  
Vol 50 (4) ◽  
pp. 575-586
Author(s):  
Hans-Peter Burghof, ◽  
Achim Fecker, ◽  
Carolin Koch, ◽  
Benedikt Notheisen
Keyword(s):  
Financial Market ◽  
Investor Behavior ◽  
Retail Investor

Retail Investor Behavior, Cryptocurrencies, and Financial Market Innovation – Insights from the 5th European Retail Investment Conference (ERIC)

2020 ◽  
Vol 53 (2) ◽  
pp. 273-283
Author(s):  
Hans-Peter Burghof ◽  
Achim Fecker ◽  
Patrick Jaquart ◽  
Benedikt Notheisen
Keyword(s):  
Decision Making ◽  
Financial Market ◽  
Market Microstructure ◽  
Investor Behavior ◽  
Theoretical Research ◽  
Retail Investors ◽  
Retail Investor ◽  
Fundamental Value ◽  
Impact Of Technology ◽  
The Impact

Abstract The 5th European Retail Investment Conference was hosted at Börse Stuttgart, Germany, from April 10th to 12th 2019. The conference chairs invited academics and practitioners to participate and discuss empirical and theoretical research focusing on retail investor products and services, the impact of technology on retail investors, investors’ decision-making, investor protection schemes, and market microstructure. Albert Menkveld, Professor of Finance at Vrije Universiteit Amsterdam and Fellow at the Tinbergen Institute, held the keynote about the fundamental value of bitcoin.

Background Noise? TV Advertising Affects Real-Time Investor Behavior

2021 ◽  
Author(s):  
Jūra Liaukonytė ◽  
Alminas Žaldokas
Keyword(s):  
Real Time ◽  
Trading Volume ◽  
Data Gathering ◽  
Financial Information ◽  
Investor Behavior ◽  
Tv Advertising ◽  
Hourly Data ◽  
National Advertising ◽  
Retail Investor ◽  
Retail Trading

Using minute-by-minute TV advertising data covering some 300 firms, 327,000 ads, and $20 billion in ad spending, we study the real-time effects of TV advertising on investors’ searches for online financial information and subsequent trading activity. Our identification strategy exploits the fact that viewers in different U.S. time zones are exposed to the same programming and national advertising at different times, allowing us to control for contemporaneous confounding events. We find that an average TV ad leads to a 3% increase in EDGAR (Electronic Data Gathering, Analysis, and Retrieval) system queries and an 8% increase in Google searches for financial information within 15 minutes of the airing of that ad. These searches translate into larger trading volume on the advertiser’s stock, driven primarily by retail investors. The findings on retail investor ad-induced trading are corroborated with hourly data from Robinhood, a popular retail trading platform. We also show that ads induce searches and trading of companies other than the advertiser, including of close rivals. Altogether, our findings suggest that advertising originally intended for consumers has a nonnegligible effect on financial markets. This paper was accepted by Karl Diether, finance.

scholarly journals Faktor-Faktor Yang Dipertimbangkan Investor Dalam Melakukan Investasi

2011 ◽  
Vol 4 (3) ◽  
Author(s):  
Linda Ariany Mahastanti
Keyword(s):  
Educational Level ◽  
Investment Decision ◽  
Investment Decisions ◽  
Demographic Variables ◽  
Investor Behavior ◽  
Primary Data ◽  
High Educational Level ◽  
Behavioral Variables ◽  
Retail Investor ◽  
Economic Perspectives

Investor has many options in an investment with the current number of investment instruments. Previous studies of retail investor behavior have examined motivation from economic perspectives or studied relationships between economic, behavioral and demographic variables. Examination of the various utility-maximization and behavioral variables underlying individual investor behavior provides a more comprehensive understanding of the investment decision process. This research will examine the seven factors that considered investors' decisions to invest, and investor behavior in taking the decision to invest. The data used are primary data that obtained by sending questionnaires through via email at Danareksa investors domiciled in Salatiga and Semarang. The analysis method used is tabulation frequencies and cross tabulation (Crosstab). Based on the results of the research, it is known that the factors that considered investor' decisions is Neutral Information and Accounting Information factor. For the result of demographic aspects effect research against investment decision is investor who are aged 25-29 and 50-54 years which is considered all of the factors. While for sex, female consider many factors than male. For educational level with high educational level makes the investor pay attention to the factors that associated with investment decisions, and investors who invest for 1-3 years old considering many factors before making investment decisions.

The Impact of Broker Geography on Retail Investor Behavior

2021 ◽  
Author(s):  
Daniel Bradley ◽  
William Christopher Gerken ◽  
Jared Williams
Keyword(s):  
Investor Behavior ◽  
Retail Investor ◽  
The Impact

Retail Investor Behavior and Financial Retail Products

2014 ◽  
Vol 47 (1) ◽  
pp. 177-189
Author(s):  
Hans-Peter Burghof, ◽  
Carolin Koch, ◽  
Stephan Meyer, ◽  
Sebastian Schroff
Keyword(s):  
Investor Behavior ◽  
Retail Investor ◽  
Retail Products

scholarly journals DO INVESTORS REALLY REGRET?

2019 ◽  
pp. 1-3
Author(s):  
Mrs. A. Sumera ◽  
M. Srinivasa Reddy
Keyword(s):  
Stock Market ◽  
Behavioral Finance ◽  
Portfolio Management ◽  
Natural Process ◽  
Investor Behavior ◽  
Wide Scope ◽  
Adequate Knowledge ◽  
Retail Investors ◽  
Retail Investor ◽  
Portfolio Investments

“There are only a few people who claim to have no regrets in life and finances”. Retail investors are no exception. Investment is a natural process wherein,an individual wants every rupee to earn even more rupees.Eventually,investors get too excited at times about returns and certainly land up in regret zone.Though,behavioral finance has emerged as interdisciplinary, complimentary science to explain stock market phenomenon and regret analysis is one thrust area where much research is sporadic,especially in India.To explore the likelihood of regret and its impact on retail investor behavior in portfolio investments,the present study is conducted.Unfolding the regrets of retail investors while lack of adequate knowledge about portfolio management and peer effect as major reasons for such regrets.However,investors did exhibit regrets in big way as they perceive the stock market to be volatile and risky.Further,there are is wide scope for more studies viz., analysis of variance in regrets among different groups of investors and studies against different demographic factors etc.,

The impact of international diversification on the efficiency of investment portfolio within the Russian financial market

2021 ◽  
Vol 27 (5) ◽  
pp. 1178-1200
Author(s):  
Sergei A. TIMOFEEV ◽  
Yana N. NAKHIMOVA
Keyword(s):  
Financial Market ◽  
Systems Approach ◽  
Investment Strategy ◽  
Graphical Analysis ◽  
Investment Strategies ◽  
Market Participants ◽  
Bank Deposits ◽  
Market Formation ◽  
Retail Investor ◽  
The Impact

Subject. We address the diversified index investing strategy. Objectives. The focus is on the development of an attractive investment strategy within the risk/return coordinate system, to improve the return of a retail investor in the Russian financial market. Methods. We apply methods of analysis, synthesis, logical research based on the systems approach, statistical methods of data analysis (analysis of time series, correlation analysis), methods of optimal solutions, and the graphical analysis. Results. The paper shows the need to use a diversified strategy in the financial market. We developed an investment strategy providing better investment results at a lesser risk. The offered strategy may be integrated into financial instruments of various financial participants of the Russian financial market. The results of our investment strategy are compared with the results of brokers' strategies and the best assets for investment, i.e. gold, currency, real estate, bank deposits, and inflation. The study analyzes the basic principles of the formation of a diversification index-based strategy, formulates the main requirements for the best diversification within the Russian securities market, and presents a diversified index strategy, which is suitable for all classes of investors. Conclusions. In conditions of the modern Russian financial market formation, the results of investment strategies that market participants can offer to retail investors become a crucial factor, since they determine further directions of investment inflow, expand credit opportunities for companies, and contribute to the formation of an effective, progressive and deep financial market in the country.

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