dc.contributor.authorKong, Yoon Keeen_US
dc.date.accessioned2011-12-27T07:06:12Z
dc.date.accessioned2017-07-23T08:25:07Z
dc.date.available2011-12-27T07:06:12Z
dc.date.available2017-07-23T08:25:07Z
dc.date.copyright2007
dc.date.issued2007
dc.identifier.citationKong, Y. K. (2007). Essays on long-term contrarian strategies. Doctoral thesis, Nanyang Technological University, Singapore.
dc.identifier.urihttp://hdl.handle.net/10356/47327
dc.description157 p.en_US
dc.description.abstractThis dissertation consists of three essays. Essay 1 investigates whether a long-term contrarian strategy of buying industry losers and selling industry winners is profitable. The results show that industry contrarian strategies are profitable for the whole sample period, first and second half sub-periods. Contrarian investment period profits increase as prior losses increase, consistent with overreaction. Microstructure effects affect the returns of industry contrarian, losers and winners portfolios, particularly those of the losers but for longer tenors, industry contrarian profits remain economically significant. Excluding January decreases contrarian profits, consistent with tax loss selling, but they still remain.en_US
dc.rightsNanyang Technological Universityen_US
dc.subjectDRNTU::Business::Finance::Stock exchangesen_US
dc.titleEssays on long-term contrarian strategiesen_US
dc.typeThesisen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.contributor.supervisorCharlie Charoenwongen_US
dc.description.degreeDOCTOR OF PHILOSOPHY (NBS)en_US


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