Does investor attention affect trading volume in the Brazilian stock market?

Souza, Heloisa Elias De; Barbedo, Cláudio Henrique da Silveira; Araújo, Gustavo Silva

doi:10.1016/j.ribaf.2017.07.118

Cited by 10 publications

(9 citation statements)

References 18 publications

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“…Odean (1999) suggests that investors can limit their search to stocks that have recently caught their attention. This finding is also supported by the research of De Souza et al, (2018); and Yuan (2015) who found that investor attention is positively related to the trading volume. This phenomenon forces investors to look for stocks that are popular, rather than them looking for value in the shares.…”

Section: Availability Fundamental Anomalies and Technical Anomaliessupporting

confidence: 78%

“…The most popular method used to calculate the value of an investment in stocks is fundamental analysis. It is also often ignored by investors (De Souza et al, 2018;Richards & Willow, 2018;Khan et al, 2017;Barber & Odean, 2008). Decision making that depends on heuristics can cause anomalies in the stock market.…”

Section: Fundamental Anomalies and Technical Anomaliesmentioning

confidence: 99%

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Does Heuristic Behavior Leave Anomalies in the Capital Market?

Lazuarni

Asri

2020

J. Indones.Econ.Bus.

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Section: Availability Fundamental Anomalies and Technical Anomaliessupporting

confidence: 78%

Section: Fundamental Anomalies and Technical Anomaliesmentioning

confidence: 99%

Does Heuristic Behavior Leave Anomalies in the Capital Market?

Lazuarni

Asri

2020

J. Indones.Econ.Bus.

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“…As a result, investors are likely to pull back from a variety of stock market investments in an effort to limit their exposure to the danger of losing their initial capital. Souza, Barbedo, and Araujo (2018) pointed out that investors' stock market trading behavior can be inferred from the volume of trades, with investors more likely to participate in the market if its present expansion sends a strong positive signal to them. In making investment decisions, investors increasingly look to market indices for direction and reference; a rising market index gives the appearance that the stock market is growing, drawing in more investors to the secondary market.…”

Section: Literature Reviewmentioning

confidence: 99%

To Study the Reaction of the Investors in Trading Behaviour in Bursa Malaysia Based on KLSE Market Index Performance

Yeoh¹

2022

JSSMS

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The investor’s behaviour had always raised eyebrows on the behaviour towards the trading activities within the stock market exchange. As the major secondary market of the trading activities of the stock investments, it is understood that it is importance to understand the behaviour of the investors as higher trading activities in the stock market exchange will promote better stability of the stock market. The study is aimed to explore the potential reach of the investors in trading behaviour in Bursa Malaysia with reference to the performance of the KLSE market index. The previous study had suggested that the better stock market performance will provide the investors with higher confidence in the stock performance which will motivate the higher trading volume in the market. With this, the methodology of the quantitative research had studied the historical data for the past 20 years to understand the behaviour and pattern between the movement of the KLSE market index growth against the trading volume growth within the Bursa Malaysia. The outcome of the study provides ethe evidence that suggest there is no relevance of the correlation observed between the KLSE market index growth and the trading volume growth as well as there is no significant relationship detected between the two variables. This had been a significant contribution based on the outcome of the study which put forward further suggestion on the future research area for the benefits of academic.

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“…al. (2016), Tila et al (2017), Cahyaningdyah & Cahyasani (2017), De Souza et al (2017), dan Zhang, et. al.…”

Section: Tabel 4 Hasil One Sample T-test Average Abnormal Return (Aamentioning

confidence: 99%

Reaksi Pasar Modal Atas Kenaikan The Federal Funds Rate Pada Tanggal 26 September 2018

Indrayuda

Sukartha

2019

E-Jurnal Akuntansi

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ABSTRAKDalam sistem perekonomian modern peranan pasar modal sangat penting sebagai tempat bertemunya emiten dan investor. Informasi internal dan informasi eksternal sangat diperlukan oleh investor sebagai dasar pertimbangan dalam pengambilan keputusan investasi. Dengan melihat ada atau tidaknya average abnormal return dan average trading volume activity disekitar periode peristiwa, penelitian ini bertujuan untuk meneliti reaksi pasar atas peristiwa kenaikan The Federal Funds Rate pada tanggal 26 September 2018. LQ45 adalah indeks saham yang digunakan sebagai sampel dalam penelitian ini dan metode pemilihan sampel yang digunakan adalah teknik purposive sampling. Penelitian ini menggunakan uji one sample t-test, paired sample t-test, serta uji wilcoxon signed rank test sebagai teknik analisis data. Ditemukannya signifikansi average trading volume activity disekitar periode jendela peristiwa menunjukkan bahwa pasar bereaksi atas peristiwa kenaikan FFR tanggal 26 September 2018. Namun hasil penelitian menunjukkan tidak adanya signifikansi average abnormal return disekitar periode peristiwa. ABSTRACTIn the modern economic system, the role of the capital market is very important as a place where emiten and investors meet. Internal information and external information are needed by investors as a basis for consideration in investment decision making. By looking at the presence or absence of average abnormal returns and average trading volume activity around the event period, this study aims to examine the market reaction to the Federal Funds Rate increase on September 26, 2018. LQ45 is a stock index used as a sample in this study using a purposive sampling technique as a method in sample selection. This study uses one sample t-test, paired sample t-test, and Wilcoxon signed rank test as data analysis techniques. The finding of the significance of average trading volume activity around the event period indicates that the market reacted to the FFR increase on September 26, 2018. However, the results of the study showed no significance of average abnormal return around the event period.

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Does investor attention affect trading volume in the Brazilian stock market?

Cited by 10 publications

References 18 publications

Does Heuristic Behavior Leave Anomalies in the Capital Market?

Does Heuristic Behavior Leave Anomalies in the Capital Market?

To Study the Reaction of the Investors in Trading Behaviour in Bursa Malaysia Based on KLSE Market Index Performance

Reaksi Pasar Modal Atas Kenaikan The Federal Funds Rate Pada Tanggal 26 September 2018

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