Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)

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

Authors
Hui-Ling Yang 0, Grant G.L. Yang, Wei-Pang Wu
Corresponding Author
Hui-Ling Yang
0Dept. of Accounting & Information System, Shih Chien Univ.
Available Online October 2006.
DOI
https://doi.org/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.
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Proceedings
Part of series
Advances in Intelligent Systems Research
Publication Date
October 2006
ISBN
978-90-78677-01-7
ISSN
1951-6851
DOI
https://doi.org/10.2991/jcis.2006.190How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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
PB  - Atlantis Press
SP  - 532
EP  - 535
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.190
DO  - https://doi.org/10.2991/jcis.2006.190
ID  - Yang2006/10
ER  -