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320817

The Impact of Private and Public Information on the Trading Behavior in the Egyptian Stock Market

Article

Last updated: 24 Dec 2024

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Abstract

The purpose of this study is to examine The Impact of Private and Public Information on the Trading Behavior in the Egyptian Stock Market, as hypothesized by Daniel et al. (1998).
The data covering twelve years from the Egyptian Stock Market, namely the period from 2002 to 2012 on the aggregate market level, is divided into four sub-periods: two tranquil upward-trending periods (2002-2005 and 2005-2008) and two volatile and downward-trending periods (the financial crisis of 2008-2010 and the Egyptian Revolution period of (2010-2012).
The study results show that private information shocks have a significant effect on market trading volume, providing evidence of the strong influence of private information on market turnover. This framework not only establishes the presence of an overconfidence bias in the Egyptian Stock Market, but also indicates how the bias changes in response to volatility and dispersion.

DOI

10.21608/acj.2023.320817

Keywords

Private information, public information, trading behavior, traditional finance, Behavioral Finance, Egyptian stock market, Cognitive Psychology

Authors

First Name

Ayman Hassan

Last Name

Metwally

MiddleName

-

Affiliation

Arab Academy for Science, Technology & Maritime Transport

Email

ametwally@aast.edu

City

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Orcid

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First Name

Omneya

Last Name

Darwish

MiddleName

-

Affiliation

Arab Academy for Science Technology & Maritime Transport

Email

odarwish@aast.edu

City

-

Orcid

-

Volume

60

Article Issue

5

Related Issue

43876

Issue Date

2023-09-01

Receive Date

2023-03-02

Publish Date

2023-09-01

Page Start

33

Page End

76

Print ISSN

2682-4183

Online ISSN

2682-4191

Article File

ACJ_Volume 60_Issue 5_Pages 33-76.pdf

PDF . 9.6MB

Link

https://acjalexu.journals.ekb.eg/article_320817.html

Detail API

https://acjalexu.journals.ekb.eg/service?article_code=320817

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2

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المقالة الأصلية

Type Code

759

Publication Type

Journal

Publication Title

مجلة جامعة الإسکندرية للعلوم الإدارية

Publication Link

https://acjalexu.journals.ekb.eg/

MainTitle

The Impact of Private and Public Information on the Trading Behavior in the Egyptian Stock Market

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Type

Article

Created At

24 Dec 2024