Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market
Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n m...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Chhimwal, Bhaskar [verfasserIn] |
|---|
| Format: |
Artikel |
|---|---|
| Sprache: |
Englisch |
| Erschienen: |
2020 |
|---|
| Schlagwörter: |
Foreign portfolio investors (FPIs) |
|---|
| Anmerkung: |
© Springer Japan KK, part of Springer Nature 2020 |
|---|
| Übergeordnetes Werk: |
Enthalten in: Asia-Pacific financial markets - Springer Japan, 1998, 28(2020), 1 vom: 21. Juli, Seite 19-53 |
|---|---|
| Übergeordnetes Werk: |
volume:28 ; year:2020 ; number:1 ; day:21 ; month:07 ; pages:19-53 |
| Links: |
|---|
| DOI / URN: |
10.1007/s10690-020-09315-3 |
|---|
| Katalog-ID: |
OLC2123859907 |
|---|
| LEADER | 01000naa a22002652 4500 | ||
|---|---|---|---|
| 001 | OLC2123859907 | ||
| 003 | DE-627 | ||
| 005 | 20230505080518.0 | ||
| 007 | tu | ||
| 008 | 230505s2020 xx ||||| 00| ||eng c | ||
| 024 | 7 | |a 10.1007/s10690-020-09315-3 |2 doi | |
| 035 | |a (DE-627)OLC2123859907 | ||
| 035 | |a (DE-He213)s10690-020-09315-3-p | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rakwb | ||
| 041 | |a eng | ||
| 082 | 0 | 4 | |a 330 |q VZ |
| 100 | 1 | |a Chhimwal, Bhaskar |e verfasserin |0 (orcid)0000-0002-6392-293X |4 aut | |
| 245 | 1 | 0 | |a Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market |
| 264 | 1 | |c 2020 | |
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a ohne Hilfsmittel zu benutzen |b n |2 rdamedia | ||
| 338 | |a Band |b nc |2 rdacarrier | ||
| 500 | |a © Springer Japan KK, part of Springer Nature 2020 | ||
| 520 | |a Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. | ||
| 650 | 4 | |a Foreign portfolio investors (FPIs) | |
| 650 | 4 | |a Domestic institutional investors (DIIs) | |
| 650 | 4 | |a Retail investors | |
| 650 | 4 | |a Momentum | |
| 650 | 4 | |a Contrarian | |
| 650 | 4 | |a India | |
| 700 | 1 | |a Bapat, Varadraj |4 aut | |
| 773 | 0 | 8 | |i Enthalten in |t Asia-Pacific financial markets |d Springer Japan, 1998 |g 28(2020), 1 vom: 21. Juli, Seite 19-53 |w (DE-627)245393838 |w (DE-600)1431844-1 |w (DE-576)385402090 |x 1387-2834 |7 nnns |
| 773 | 1 | 8 | |g volume:28 |g year:2020 |g number:1 |g day:21 |g month:07 |g pages:19-53 |
| 856 | 4 | 1 | |u https://doi.org/10.1007/s10690-020-09315-3 |z lizenzpflichtig |3 Volltext |
| 912 | |a GBV_USEFLAG_A | ||
| 912 | |a SYSFLAG_A | ||
| 912 | |a GBV_OLC | ||
| 912 | |a SSG-OLC-OAS | ||
| 912 | |a SSG-OLC-MFO | ||
| 912 | |a SSG-OLC-WIW | ||
| 951 | |a AR | ||
| 952 | |d 28 |j 2020 |e 1 |b 21 |c 07 |h 19-53 | ||
| author_variant |
b c bc v b vb |
|---|---|
| matchkey_str |
article:13872834:2020----::oprtvsuyfoetmncnrrabhvoodfeetnetre |
| hierarchy_sort_str |
2020 |
| publishDate |
2020 |
| allfields |
10.1007/s10690-020-09315-3 doi (DE-627)OLC2123859907 (DE-He213)s10690-020-09315-3-p DE-627 ger DE-627 rakwb eng 330 VZ Chhimwal, Bhaskar verfasserin (orcid)0000-0002-6392-293X aut Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Japan KK, part of Springer Nature 2020 Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. Foreign portfolio investors (FPIs) Domestic institutional investors (DIIs) Retail investors Momentum Contrarian India Bapat, Varadraj aut Enthalten in Asia-Pacific financial markets Springer Japan, 1998 28(2020), 1 vom: 21. Juli, Seite 19-53 (DE-627)245393838 (DE-600)1431844-1 (DE-576)385402090 1387-2834 nnns volume:28 year:2020 number:1 day:21 month:07 pages:19-53 https://doi.org/10.1007/s10690-020-09315-3 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-OAS SSG-OLC-MFO SSG-OLC-WIW AR 28 2020 1 21 07 19-53 |
| spelling |
10.1007/s10690-020-09315-3 doi (DE-627)OLC2123859907 (DE-He213)s10690-020-09315-3-p DE-627 ger DE-627 rakwb eng 330 VZ Chhimwal, Bhaskar verfasserin (orcid)0000-0002-6392-293X aut Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Japan KK, part of Springer Nature 2020 Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. Foreign portfolio investors (FPIs) Domestic institutional investors (DIIs) Retail investors Momentum Contrarian India Bapat, Varadraj aut Enthalten in Asia-Pacific financial markets Springer Japan, 1998 28(2020), 1 vom: 21. Juli, Seite 19-53 (DE-627)245393838 (DE-600)1431844-1 (DE-576)385402090 1387-2834 nnns volume:28 year:2020 number:1 day:21 month:07 pages:19-53 https://doi.org/10.1007/s10690-020-09315-3 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-OAS SSG-OLC-MFO SSG-OLC-WIW AR 28 2020 1 21 07 19-53 |
| allfields_unstemmed |
10.1007/s10690-020-09315-3 doi (DE-627)OLC2123859907 (DE-He213)s10690-020-09315-3-p DE-627 ger DE-627 rakwb eng 330 VZ Chhimwal, Bhaskar verfasserin (orcid)0000-0002-6392-293X aut Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Japan KK, part of Springer Nature 2020 Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. Foreign portfolio investors (FPIs) Domestic institutional investors (DIIs) Retail investors Momentum Contrarian India Bapat, Varadraj aut Enthalten in Asia-Pacific financial markets Springer Japan, 1998 28(2020), 1 vom: 21. Juli, Seite 19-53 (DE-627)245393838 (DE-600)1431844-1 (DE-576)385402090 1387-2834 nnns volume:28 year:2020 number:1 day:21 month:07 pages:19-53 https://doi.org/10.1007/s10690-020-09315-3 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-OAS SSG-OLC-MFO SSG-OLC-WIW AR 28 2020 1 21 07 19-53 |
| allfieldsGer |
10.1007/s10690-020-09315-3 doi (DE-627)OLC2123859907 (DE-He213)s10690-020-09315-3-p DE-627 ger DE-627 rakwb eng 330 VZ Chhimwal, Bhaskar verfasserin (orcid)0000-0002-6392-293X aut Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Japan KK, part of Springer Nature 2020 Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. Foreign portfolio investors (FPIs) Domestic institutional investors (DIIs) Retail investors Momentum Contrarian India Bapat, Varadraj aut Enthalten in Asia-Pacific financial markets Springer Japan, 1998 28(2020), 1 vom: 21. Juli, Seite 19-53 (DE-627)245393838 (DE-600)1431844-1 (DE-576)385402090 1387-2834 nnns volume:28 year:2020 number:1 day:21 month:07 pages:19-53 https://doi.org/10.1007/s10690-020-09315-3 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-OAS SSG-OLC-MFO SSG-OLC-WIW AR 28 2020 1 21 07 19-53 |
| allfieldsSound |
10.1007/s10690-020-09315-3 doi (DE-627)OLC2123859907 (DE-He213)s10690-020-09315-3-p DE-627 ger DE-627 rakwb eng 330 VZ Chhimwal, Bhaskar verfasserin (orcid)0000-0002-6392-293X aut Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market 2020 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © Springer Japan KK, part of Springer Nature 2020 Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. Foreign portfolio investors (FPIs) Domestic institutional investors (DIIs) Retail investors Momentum Contrarian India Bapat, Varadraj aut Enthalten in Asia-Pacific financial markets Springer Japan, 1998 28(2020), 1 vom: 21. Juli, Seite 19-53 (DE-627)245393838 (DE-600)1431844-1 (DE-576)385402090 1387-2834 nnns volume:28 year:2020 number:1 day:21 month:07 pages:19-53 https://doi.org/10.1007/s10690-020-09315-3 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-OAS SSG-OLC-MFO SSG-OLC-WIW AR 28 2020 1 21 07 19-53 |
| language |
English |
| source |
Enthalten in Asia-Pacific financial markets 28(2020), 1 vom: 21. Juli, Seite 19-53 volume:28 year:2020 number:1 day:21 month:07 pages:19-53 |
| sourceStr |
Enthalten in Asia-Pacific financial markets 28(2020), 1 vom: 21. Juli, Seite 19-53 volume:28 year:2020 number:1 day:21 month:07 pages:19-53 |
| format_phy_str_mv |
Article |
| institution |
findex.gbv.de |
| topic_facet |
Foreign portfolio investors (FPIs) Domestic institutional investors (DIIs) Retail investors Momentum Contrarian India |
| dewey-raw |
330 |
| isfreeaccess_bool |
false |
| container_title |
Asia-Pacific financial markets |
| authorswithroles_txt_mv |
Chhimwal, Bhaskar @@aut@@ Bapat, Varadraj @@aut@@ |
| publishDateDaySort_date |
2020-07-21T00:00:00Z |
| hierarchy_top_id |
245393838 |
| dewey-sort |
3330 |
| id |
OLC2123859907 |
| language_de |
englisch |
| fullrecord |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000naa a22002652 4500</leader><controlfield tag="001">OLC2123859907</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230505080518.0</controlfield><controlfield tag="007">tu</controlfield><controlfield tag="008">230505s2020 xx ||||| 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1007/s10690-020-09315-3</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)OLC2123859907</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-He213)s10690-020-09315-3-p</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">330</subfield><subfield code="q">VZ</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Chhimwal, Bhaskar</subfield><subfield code="e">verfasserin</subfield><subfield code="0">(orcid)0000-0002-6392-293X</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2020</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">© Springer Japan KK, part of Springer Nature 2020</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign portfolio investors (FPIs)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Domestic institutional investors (DIIs)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Retail investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Momentum</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Contrarian</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">India</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Bapat, Varadraj</subfield><subfield code="4">aut</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">Asia-Pacific financial markets</subfield><subfield code="d">Springer Japan, 1998</subfield><subfield code="g">28(2020), 1 vom: 21. Juli, Seite 19-53</subfield><subfield code="w">(DE-627)245393838</subfield><subfield code="w">(DE-600)1431844-1</subfield><subfield code="w">(DE-576)385402090</subfield><subfield code="x">1387-2834</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:28</subfield><subfield code="g">year:2020</subfield><subfield code="g">number:1</subfield><subfield code="g">day:21</subfield><subfield code="g">month:07</subfield><subfield code="g">pages:19-53</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">https://doi.org/10.1007/s10690-020-09315-3</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_OLC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-OAS</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-MFO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-WIW</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">28</subfield><subfield code="j">2020</subfield><subfield code="e">1</subfield><subfield code="b">21</subfield><subfield code="c">07</subfield><subfield code="h">19-53</subfield></datafield></record></collection>
|
| author |
Chhimwal, Bhaskar |
| spellingShingle |
Chhimwal, Bhaskar ddc 330 misc Foreign portfolio investors (FPIs) misc Domestic institutional investors (DIIs) misc Retail investors misc Momentum misc Contrarian misc India Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market |
| authorStr |
Chhimwal, Bhaskar |
| ppnlink_with_tag_str_mv |
@@773@@(DE-627)245393838 |
| format |
Article |
| dewey-ones |
330 - Economics |
| delete_txt_mv |
keep |
| author_role |
aut aut |
| collection |
OLC |
| remote_str |
false |
| illustrated |
Not Illustrated |
| issn |
1387-2834 |
| topic_title |
330 VZ Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market Foreign portfolio investors (FPIs) Domestic institutional investors (DIIs) Retail investors Momentum Contrarian India |
| topic |
ddc 330 misc Foreign portfolio investors (FPIs) misc Domestic institutional investors (DIIs) misc Retail investors misc Momentum misc Contrarian misc India |
| topic_unstemmed |
ddc 330 misc Foreign portfolio investors (FPIs) misc Domestic institutional investors (DIIs) misc Retail investors misc Momentum misc Contrarian misc India |
| topic_browse |
ddc 330 misc Foreign portfolio investors (FPIs) misc Domestic institutional investors (DIIs) misc Retail investors misc Momentum misc Contrarian misc India |
| format_facet |
Aufsätze Gedruckte Aufsätze |
| format_main_str_mv |
Text Zeitschrift/Artikel |
| carriertype_str_mv |
nc |
| hierarchy_parent_title |
Asia-Pacific financial markets |
| hierarchy_parent_id |
245393838 |
| dewey-tens |
330 - Economics |
| hierarchy_top_title |
Asia-Pacific financial markets |
| isfreeaccess_txt |
false |
| familylinks_str_mv |
(DE-627)245393838 (DE-600)1431844-1 (DE-576)385402090 |
| title |
Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market |
| ctrlnum |
(DE-627)OLC2123859907 (DE-He213)s10690-020-09315-3-p |
| title_full |
Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market |
| author_sort |
Chhimwal, Bhaskar |
| journal |
Asia-Pacific financial markets |
| journalStr |
Asia-Pacific financial markets |
| lang_code |
eng |
| isOA_bool |
false |
| dewey-hundreds |
300 - Social sciences |
| recordtype |
marc |
| publishDateSort |
2020 |
| contenttype_str_mv |
txt |
| container_start_page |
19 |
| author_browse |
Chhimwal, Bhaskar Bapat, Varadraj |
| container_volume |
28 |
| class |
330 VZ |
| format_se |
Aufsätze |
| author-letter |
Chhimwal, Bhaskar |
| doi_str_mv |
10.1007/s10690-020-09315-3 |
| normlink |
(ORCID)0000-0002-6392-293X |
| normlink_prefix_str_mv |
(orcid)0000-0002-6392-293X |
| dewey-full |
330 |
| title_sort |
comparative study of momentum and contrarian behavior of different investors: evidence from the indian market |
| title_auth |
Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market |
| abstract |
Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. © Springer Japan KK, part of Springer Nature 2020 |
| abstractGer |
Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. © Springer Japan KK, part of Springer Nature 2020 |
| abstract_unstemmed |
Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies. © Springer Japan KK, part of Springer Nature 2020 |
| collection_details |
GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-OAS SSG-OLC-MFO SSG-OLC-WIW |
| container_issue |
1 |
| title_short |
Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market |
| url |
https://doi.org/10.1007/s10690-020-09315-3 |
| remote_bool |
false |
| author2 |
Bapat, Varadraj |
| author2Str |
Bapat, Varadraj |
| ppnlink |
245393838 |
| mediatype_str_mv |
n |
| isOA_txt |
false |
| hochschulschrift_bool |
false |
| doi_str |
10.1007/s10690-020-09315-3 |
| up_date |
2024-07-03T20:29:32.320Z |
| _version_ |
1803591166034182144 |
| fullrecord_marcxml |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000naa a22002652 4500</leader><controlfield tag="001">OLC2123859907</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230505080518.0</controlfield><controlfield tag="007">tu</controlfield><controlfield tag="008">230505s2020 xx ||||| 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1007/s10690-020-09315-3</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)OLC2123859907</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-He213)s10690-020-09315-3-p</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">330</subfield><subfield code="q">VZ</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Chhimwal, Bhaskar</subfield><subfield code="e">verfasserin</subfield><subfield code="0">(orcid)0000-0002-6392-293X</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Comparative Study of Momentum and Contrarian Behavior of Different Investors: Evidence from the Indian Market</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2020</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">© Springer Japan KK, part of Springer Nature 2020</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Abstract We examine the investment behavior of Foreign Portfolio Investors (FPIs), Domestic Institutional Investors (DIIs), and retail investors based on past returns in the Indian context. Using the quarterly shareholding and return data of Indian firms from 2009 to 2018, this study employs m × n momentum strategy proposed by Jegadeesh and Titman (J Finance 48(1):65–91, 1993). A robust correlation-based comprehensive technique is used to find momentum and contrarian behavior. It is observed that FIIs and DIIs show momentum behavior in the short run in the market whereas retail investors show contrarian behavior. Moreover, Retail investors’ contrarian behavior is found to be stronger in past losing firms. This study also reports that FIIs show the momentum behavior in service-oriented industries while contrarian behavior of retail investor is stronger in firms which require local knowledge. These findings may be useful for policymakers, portfolio managers and academicians in emerging markets economies.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign portfolio investors (FPIs)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Domestic institutional investors (DIIs)</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Retail investors</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Momentum</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Contrarian</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">India</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Bapat, Varadraj</subfield><subfield code="4">aut</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">Asia-Pacific financial markets</subfield><subfield code="d">Springer Japan, 1998</subfield><subfield code="g">28(2020), 1 vom: 21. Juli, Seite 19-53</subfield><subfield code="w">(DE-627)245393838</subfield><subfield code="w">(DE-600)1431844-1</subfield><subfield code="w">(DE-576)385402090</subfield><subfield code="x">1387-2834</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:28</subfield><subfield code="g">year:2020</subfield><subfield code="g">number:1</subfield><subfield code="g">day:21</subfield><subfield code="g">month:07</subfield><subfield code="g">pages:19-53</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">https://doi.org/10.1007/s10690-020-09315-3</subfield><subfield code="z">lizenzpflichtig</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_OLC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-OAS</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-MFO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-WIW</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">28</subfield><subfield code="j">2020</subfield><subfield code="e">1</subfield><subfield code="b">21</subfield><subfield code="c">07</subfield><subfield code="h">19-53</subfield></datafield></record></collection>
|
| score |
7.397485 |