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A Comparative Analysis of the Market Reaction to the Stock Investment Proverbs
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 Title & Authors
A Comparative Analysis of the Market Reaction to the Stock Investment Proverbs
Kim, Ki-Bum; Kim, Min-Sun; Park, Jae-Pyo;
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This study is about what effect the proverb of the stock has on the investment behavior by the stock investors. It confirmed if the investors knew the stock proverb that had been used in the stock market for a long time, examined the stock investors applied this content to the real investment process, analyzed if the application influenced the investment result. For this, this study selected total 29 stock proverbs about the investment principle, diversified investment, item selection, time of buying and selling, and value tendency which were being used in the stock market and frequently quoted in the stock-related literature to conduct a questionnaire targeting 191 stock investors and analyze the result. As a result of the analysis, it was confirmed the investors of 14% applied the stock proverb to invest and created the profit through it. It is expected the stock investors and the stock market used the analyzed stock proverb statistics through these helpful study and results to apply to the stock investment.
Diversified Investment;Investment Principle;Investment;Stock;Technical Analysis;
 Cited by
Hae-Jin Kim, "A Study of Stock Market Investor's Views on Stock Proverbs," Master Degrees Thesis for Science and Technology, Seoul University, 2011.

Jin-Sung Gang, "A Study on The Investment Behavior of Korean Equity Investors," Master Degrees Thesis, YeonSe University, 1992.

Tae-Woo Kim, "An Empirical Study on the behavior of foreign investment in accordance with the Securities Market Liberalization," Master Degrees Thesis, Inhwa University, 1992.

Danie Kent, David Hirshleifer and Avanidhar Subrahmanyam, "Inverstor Psychology and Security Market Under and Overreactions," Journal of Finance, Vol.53 no.6 pp.1839-1886, December 1998. DOI: crossref(new window)

Shefrin, Hersh M. and Meir Statman, "the Disposition to Sell Winners Too Early and Ride Losers Too Long : Theory and Evidence", Journal of Finance, Vol.40 no.3 pp.777-782, July 1985. DOI: crossref(new window)

Weber, Martin and Colin F. Camerer, "The disposition effort in securities trading : an experimental analysis," Journal of Economic Behavior & Organization, Vol.33, pp167-184, 1998. DOI: crossref(new window)