Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 14 of 14 for “"trading behaviour"”.
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Investment manager trading behaviour and fund performance
… investigates three types of investment manager trading behaviour to ascertain whether behavioural biases are present in the Australian investment management industry. In particular, this thesis examines whether these biases are detrimental to fund performance and market efficiency, and whether …
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The disposition effect in South African Equity markets
… more readily than loss making investments. This behaviour has been observed in financial markets across the world and across all investor classes, albeit to varying degrees. Such trading behaviour has been found not to be profit or utility maximising. I n the absence of rational motives for the …
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The cost and value-add of using a financial advisor
… non-advised investors. It also examines investor trading behaviour and assesses if any significant correlations exist between the number of trades made and returns earned. Current South African literature has a limited consideration of the cost of advice when considering the overall value added by …
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Human Traders need new Tools
… human traders to compete in a highfrequency trading environment. Human traders have difficulty trading against predatory algorithms and the thesis proposes methods that support the creation of assistive tools that can help human traders to compete profitably. It also develops further …
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An investigation of stock market volatility in Chinese stock markets and the effects of institutional investors
… going forward.;Chapter 3 investigates the trading behaviour of institutional investors on extreme market movement days. Using daily cash flow data on the largest category of trades by value we construct a proxy for institutional trading and demonstrate that institutional trading behaviour …
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She's built for it: differential investment performance in South Africa based on gender
Research in behavioural finance has shown that individuals do not always behave rationally. As a result of this they do not make investment decisions in such a way as to maximise their expect- ed utility. Certain behavioural biases have been found to explain this behaviour. Furthermore, differences …
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An empirical investigation into the motivations for and consequences of China's aid to developing countries
… States.', and 'The Impact of China's Aid on the Trading Behaviour of Developing Countries'.;The first chapter investigates whether the stringency of conditions attached to the World Bank aid projects are influenced by the additional supply of aid from China. The World Bank's conditionality has …
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The Disposition Effect, Trading Biases, and Cognitive Reappraisal
… market but also themselves. In recent decades behavioural economics has uncovered many patterns of trading behaviour which appear to work against the investors who display them, resulting in lower investment returns. For this reason, these patterns of behaviour are regarded as trading biases. …
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Herding by South African Equity Unit Trusts: An analysis of the causes and extent of herding behaviour on the JSE Limited
… by observing the interaction of correlated trading behaviour and states of the general equity market, controlled for conditions that drive spurious correlation; namely, net fund flows and momentum/ share size trading strategies. Employing the Sias measure, the empirical results reveal strong …
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Essays in FX market microstructure
… as liquidity providers in both markets, their trading behaviour may have significant implications for cross-market liquidity dynamics. Indeed, focusing on the potential sources of the observed cross-market linkages, transaction costs are found to be strongly related to the liquidity supplied to …
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The value of financial advice : an analysis of the investment performance of advised and non-advised individual investors
… through the advice that they offer investors. Behavioural finance has demonstrated that individual investors do not always behave in a rational manner, unlike financial advisors who seem not be prone to the behavioural biases that individuals experience when investment decisions are made. …
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The Chinese equity market : characteristics, microstructure and efficiency
… years? What are the intraday patterns of price behaviour? Which trades move prices? Finally, does Chinese investors' psychology have effects on prices? In order to answer these questions four sets of empirical analysis have been undertaken. The first study investigates the evolution of China's …
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Studying Regime Change using Directional Change
Financial markets reflect what is the collective trading behaviour of traders. Such behaviour is often affected by financial crisis or political events. The term regime change is used to describe such significant change of collective behaviour. This thesis studies how regime change can be measured …
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Men are from investment Mars and women are from investment Venus : further evidence of differential investment performance in South Africa based on gender
… are rational. The growing body of research in behavioural finance has challenged the rational investor theory, by showing that certain psychological biases affect the behaviour of investors in a manner which causes them to behave irrationally at certain times. The purpose of this paper is to …