A behavioral finance perspective on trade imbalance and stock prices: Evidence from Australian Clearinghouse Data

Research output: Book/ReportBookResearchpeer-review

Abstract

Extract: In this treatise, I examine the impact on stock prices of order and tradeimbalance. In three separate but closely related studies, I consider the extent towhich trade and order imbalance of specific investor categories influences andpredicts stock price changes. The literature motivating the study is primarilygrounded in behavioral finance, with some reference to experimental financeresults. An underlying goal of the treatise is to resolve the question of whether thetrading of individual investors, the class of investor most likely to be subject tomany of the behavioral biases used to explain asset pricing anomalies, affects stock prices.
Original languageEnglish
Place of PublicationSaarbrucken, Germany
PublisherVDM Verlag Dr. Muller
Number of pages124
ISBN (Print)9783639103953 , 3639103955
Publication statusPublished - 2008

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Trade imbalances
Clearinghouse
Behavioral finance
Stock prices
Investors
Behavioral biases
Asset pricing
Order imbalance
Individual investors
Anomaly
Price changes

Cite this

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A behavioral finance perspective on trade imbalance and stock prices : Evidence from Australian Clearinghouse Data. / Henker, Julia.

Saarbrucken, Germany : VDM Verlag Dr. Muller, 2008. 124 p.

Research output: Book/ReportBookResearchpeer-review

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