Do Local Investors Exhibit Smart Value Investment? Empirical Evidence from India

被引：5
|
作者：
Chauhan, Ajay Kumar [1 ]
Chaklader, Barnali [1 ]
机构：
[1] Inst Management Technol, Ghaziabad 201001, Uttar Pradesh, India
来源：
GLOBAL BUSINESS REVIEW | 2023年 / 24卷 / 05期
关键词：
Investment behaviour; smart value investment; feedback trading; INSTITUTIONAL INVESTORS; RETURN AUTOCORRELATION; TRADING BEHAVIOR; STOCK; VOLATILITY; FOREIGN; IMPACT;
D O I：
10.1177/0972150920915330
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We have studied the investment behaviour of 'foreign institutional investors' (FIIs) and 'domestic institutional investors' (DIIs) in the Indian stock market for positive feedback trading and smart money value investments. We have collected the daily investment of FII and DII in Indian stock markets along with NIFTY daily returns. We have used multivariate causality approach VAR and found that FII investments follow positive feedback trading approach whereas DII follow smart money value investments in the Indian stock market.
引用
收藏
页码：833 / 844
页数：12
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