Trading patterns of big versus small players in an emerging market: an empirical analysis

Article Abstract:

Small individual investors in an emerging market in terms of trading are in a more disadvantageous position compared to bigger individual investors, which are observed to be more influential. The big individual investors wield greater influence since they are well informed about developments in the market than smaller investors. Smaller investors should delegate their trading decisions through institutional investors to become more successful in trading. There is also a need to establish regulations to ensure fair trading in emerging markets.

Author: Lee, Yi-Tsung, Liu, Yu-Jane, Lin, Ji-Chai
Security brokers and dealers, Securities Brokerage, Stockbrokers, Securities industry, Developing countries, Securities, Investors

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Explaining intraday pattern of trading volume from the order flow data

Article Abstract:

Research into the link between investors' trading behaviours and trading volume during intraday periods is presented. This research used order flow data from the Taiwan stock market. It was found that the impact of liquidity trade on trading volume was a little greater than that of information trade.

Author: Lee, Yi-Tsung, Fok, Robert C.W., Liu, Yu-Jane
Stocks & Other Equity Securities

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Taxes and dividend clientele: Evidence from trading and ownership structure

Article Abstract:

Impact of capital gains tax on trading of stocks and their dividends is analyzed in context of Taiwan's capital tax policy.

Author: Roll, Richard, Subrahmanyam, Avanidhar, Lee, Yi-Tsung, Liu, Yu-Jane
Taiwan, Public Finance Activities, Management dynamics, Taxes, Capital Gains Taxes, Dividends, Dividend Policy, Management, Economic aspects, Tax policy, Company business management, Capital gains tax, Company dividends

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Subjects list: Research, Stocks
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