About this document
Retail Trading and Return Predictability in China by Meng Hun is a document available to read on EtoBox.
This study analyzes the trading behaviors and return predictability of Chinese retail investors, categorizing them into five groups based on account size. It finds that smaller retail investors exhibit poor stock selection and overconfidence, leading to negative return predictions, while larger investors demonstrate better predictive abilities and contrarian trading patterns. The research highlights significant heterogeneity among retail investors and emphasizes the need for tailored strategies in understan
- Author
- Meng Hun
- Language
- EN