940
Views
21
CrossRef citations to date
0
Altmetric
ARTICLES

The Behavior of Institutional and Retail Investors in Bursa Malaysia during the Bulls and Bears

, &
Pages 104-115 | Published online: 29 May 2013

REFERENCES

  • Barber , B. and Odean , T. 1999 . The Courage of Misguided Convictions . Financial Analysts Journal , 55 : 41 – 55 .
  • Brown , K. C. and Reily , F. K. 2009 . Analysis of Investments and Management of Portfolios , (9th ed. , Singapore : South-Western Cengage Learning .
  • Bry , G. and Boschan , C. C. 1971 . Cyclical Analysis of Time Series: Selected Procedures and Computer Programs , New York , NY : NBER .
  • Carhart , M. M. 1995 . Survivor Bias and Persistence in Mutual Fund Performance , Unpublished PhD Dissertation, University of Chicago .
  • Carhart , M. M. 1997 . On Persistence in Mutual Fund Performance . Journal of Finance , 52 : 57 – 82 .
  • Daniel , K. , Hirshleifer , D. and Subrahmanyam , A. 2001 . Overconfidence, Arbitrage, and Equilibrium Asset Pricing . Journal of Finance , 56 : 921 – 965 .
  • Evans , H. K. 2002 . Pragmatic Beliefs and Overconfidence . Journal of Economic Behaviour and Organisations , 48 : 15 – 28 .
  • Fama , E. F. and French , K. R. 1993 . Common Risk Factors in the Returns on Stocks and Bonds . Journal of Financial Economic , 33 : 3 – 56 .
  • Fromlet , H. 2001 . Behavioural Finance – Theory and Practical Application . Business Economics , 36 : 63 – 69 . 2001
  • Garvey , R. and Murphy , A. 2010 . “ The Effects of Higher Transaction Costs on Trader Behavior ” . In Handbook of Behavioral Finance , Edited by: Bruce , B. 155 – 165 . Cheltenham , UK : Edward Elgar Publishing Limited .
  • Gort , C. and Wang , M. 2010 . “ Overconfidence and Active Management ” . In Handbook of Behavioral Finance , Edited by: Bruce , B. 241 – 263 . Cheltenham , UK : Edward Elgar Publishing Limited .
  • Lebaron , D. 1999 . Investor Psychology Retrieved from http://www.deanlebaron.com/book/ultimate/chapters/invpsy.html
  • Jegadeesh , N. and Titman , S. 1993 . Returns to Buying Winners and Selling Losers: Implication for Stock Market Efficiency . Journal of Finance , 48 : 65 – 91 .
  • Kahneman , D. and Riepe , M. W. 1998 . Aspects of Investor Psychology: Belief, Preferences and Biases Investment Advisors Should Know About . Journal of Portfolio Management , 24 : 52 – 65 .
  • Kim , K. A. and Nofsinger , J. R. 2007 . The Behavior of Japanese Individual Investors During Bull and Bear Markets . The Journal of Behavioral Finance , 8 : 138 – 153 .
  • Kyle , A. S. and Wang , F. A . 1997 . Speculation Duopoly With Agreement To Disagree: Can Overconfidence Survive the Market Test? . Journal of Finance , 52 : 2073 – 2090 .
  • Lai , M. M. , Chong , L. L. and Tan , S. H. 2010 . “ Behavioral Finance in Malaysia ” . In Handbook of Behavioral Finance , Edited by: Bruce , B. 405 – 414 . Cheltenham , UK : Edward Elgar Publishing Limited .
  • Lai , M. M. , Low , K. L. T. and Lai , M. L. 2001 . Are Malaysian Investors Rational? . Journal of Behavioral Finance , 2 : 210 – 215 .
  • Lai , M. M. and Lau , S. H. 2010 . ”Evaluating Mutual Fund Performance in an Emerging Asian Economy: The Malaysian Experience.” . Journal of Asian Economics , 21 : 378 – 390 .
  • Mansor , M. I. and Lim , C. F. 1995 . Profile of Individual Investors in the Klang Area . Capital Market Review , 3 : 1 – 15 .
  • Murphy , M. C. and Soutar , G. N. 2004 . What Individual Investors Value: Some Australian Evidence . Journal of Economic Psychology , 25 : 539 – 555 .
  • Odean , T. 1998 . Are Investors Reluctant to Realize Their Losses? . Journal of Finance , 53 : 175 – 179 .
  • Pagan , A. R. and Sossounov , K. A. 2003 . A Simple Framework for Analyzing Bull and Bear Markets . Journal of Applied Econometrics , 18 : 23 – 46 .
  • Sharpe , W. F. 1964 . Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk . Journal of Finance , 19 : 425 – 442 .
  • Shefrin , H. 2000 . Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing. , Boston , MA : Harvard Business School Press .
  • Shiller , R. J. 2000 . Irrational Exuberance , Princeton , NJ : Princeton University Press .

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.