یکشنبه 30 اردیبهشت 1403
| عنوان مقاله | |
| عنوان مقاله |
The impact of individual investor trading on information asymmetry in the Korean stock market |
| عنوان فارسی مقاله | تاثیر تجارت سرمایه گذار فردی در عدم تقارن اطلاعات در بازار سهام کره ای |
| مشخصات مقاله انگلیسی | |
| نشریه: Elsevier |
|
| سال انتشار |
2016 |
| عنوان مجله |
North American Journal of Economics and Finance |
| تعداد صفحات مقاله انگلیسی | 13 |
| رفرنس | دارد |
| تعداد رفرنس | 39 |
| چکیده مقاله | |
| چکیده |
This paper examines the impact of individual investor trading on information asymmetry in the market. In particular, we examine the relationship between the trading volume by individual investors and the corresponding bid-ask spread in the Korean stock market, where the majority of the trading activity is driven by individual investors and therefore information asymmetry can be evident. We find that high trading activity by individual investors increases the bid-ask spread in a short investment horizon, suggesting that individual investors, as uninformed and unsophisticated traders, amplify the degree of information asymmetry in themarket through trading. |
| کلمات کلیدی |
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| دانلود | |
