연구정보
Short-Term Contrarian Profits in the Kuwait Stock Market
쿠웨이트 국외연구자료 기타 Omar Gharaibeh International Journal of Business and Management 발간일 : 2014-12-20 등록일 : 2016-04-26 원문링크
This paper examines whether there is an existence of a short-term contrarian profits at the firms in Kuwait Stock Exchange (KSX). The role of return seasonality is also investigated. This article documents strong evidence for the short-term contrarian strategy in the Kuwait stock exchange. The result of this study finds that the short-term contrarian profits for the Kuwait market can’t be explained by January effect. In spite of whether losers are smaller or larger than winners, there are short-term abnormal profits. Finally, this paper shows a strong symmetry between the winner and loser portfolios.