دسته بندی:
حسابداری و حسابرسی - accounting and auditing
سال انتشار:
2021
عنوان انگلیسی مقاله:
Who participated in the GameStop frenzy? Evidence from brokerage accounts
ترجمه فارسی عنوان مقاله:
چه کسی در دیوانگی Gamestop شرکت کرد؟شواهدی از حساب های کارگزاری
منبع:
ScienceDirect- Elsevier- Finance Research Letters, Corrected proof, 102140: doi:10:1016/j:frl:2021:102140
نویسنده:
Tim Hasso
چکیده انگلیسی:
In January 2021, the GameStop stock was the epicenter of the first case of predatory trading
initiated by retail investors. We use brokerage accounts to study who participated in this
GameStop frenzy and how they performed. We investigate the extent to which investors’ personal
and trading characteristics differ from the general population of retail investors. GameStop
traders had a history of investing in speculative instruments, including stocks with lottery-like
features. They were also more likely to close their positions before the peak of the bubble. At
the onset of the frenzy, numerous retail investors also shorted GameStop. Overall, our results
indicate that the GameStop frenzy was not a pure digital protest against Wall Street but specu-
lative trading by a group of retail investors, in line with their prior high-risk trading behavior.
keywords: تجارت شکارچی | سرمایه گذاران خرده فروشی | رفتار تجاری | Predatory trading | Retail investors | Trading behavior
قیمت: رایگان
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