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
相关论文
共 50 条
  • [21] The power of institutional investors: empirical evidence on their role in investment in internal audit function
    Al-Qadasi, Adel Ali
    [J]. MANAGERIAL AUDITING JOURNAL, 2024, 39 (02) : 166 - 190
  • [22] Does financial development matter for domestic investment? Empirical evidence from India
    Sinha, Niharika
    Shastri, Swati
    [J]. SOUTH ASIAN JOURNAL OF BUSINESS STUDIES, 2023, 12 (01) : 104 - 126
  • [23] Do international investors enhance private firm value? Evidence from venture capital
    Douglas Cumming
    April Knill
    Kelsey Syvrud
    [J]. Journal of International Business Studies, 2016, 47 : 347 - 373
  • [24] Do individual investors' stock recommendations in online communities contain investment value?
    Stephan, Philipp
    von Nitzsch, Ruediger
    [J]. FINANCIAL MARKETS AND PORTFOLIO MANAGEMENT, 2013, 27 (02) : 149 - 186
  • [25] Do international investors enhance private firm value? Evidence from venture capital
    Cumming, Douglas
    Knill, April
    Syvrud, Kelsey
    [J]. JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2016, 47 (03) : 347 - 373
  • [26] Do Local Investors Know More? Evidence from Mutual Fund Location and Investments
    Sulaeman, Johan
    [J]. QUARTERLY JOURNAL OF FINANCE, 2014, 4 (02)
  • [27] Do Investors Learn from Experience? Evidence from Frequent IPO Investors
    Chiang, Yao-Min
    Hirshleifer, David
    Qian, Yiming
    Sherman, Ann E.
    [J]. REVIEW OF FINANCIAL STUDIES, 2011, 24 (05): : 1560 - 1589
  • [28] Do financial development drive remittances? Empirical evidence from India
    Pandikasala, Jijin
    Vyas, Iti
    Mani, Nithin
    [J]. JOURNAL OF PUBLIC AFFAIRS, 2022, 22 (01)
  • [29] Do IPO Certification Mechanisms Work? Empirical Evidence from India
    Mahalakshmi, B. S.
    Gupta, Juhi
    Kashiramka, Smita
    Jain, P. K.
    [J]. GLOBAL BUSINESS REVIEW, 2024, 25 (04) : 1074 - 1095
  • [30] Do sustainable institutional investors contribute to firms’ environmental performance? Empirical evidence from Europe
    Othar Kordsachia
    Maximilian Focke
    Patrick Velte
    [J]. Review of Managerial Science, 2022, 16 : 1409 - 1436
12345