Test of the Contrarian Investment Strategy-Evidence from the Taiwan Stock Markets

DOI

10.2991/jcis.2006.190How to use a DOI?

Keywords

Behavioral Finance, Momentum Strategies, Contrarian Strategies, Investment Strategies

Abstract

The study examines whether the contrarian investment strategy, implies simultaneously buying previous losers and selling previous winners, exists in stock market of Taiwan. This study utilizes De Bondt and Thaler (1985) contrarian strategies into listed electronic and informational stocks in Taiwan from January of 1996 to December of 2004. The empirical results consistent with the findings of De Bondt & Thaler (1990), we see contrarian profits are obtained in the long-term and profits increase over time.

Copyright

© 2006, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hui-Ling Yang
AU  - Grant G.L. Yang
AU  - Wei-Pang Wu
PY  - 2006/10
DA  - 2006/10
TI  - Test of the Contrarian Investment Strategy-Evidence from the Taiwan Stock Markets
BT  - Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
SP  - 532
EP  - 535
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.190
DO  - 10.2991/jcis.2006.190
ID  - Yang2006/10
ER  -