Publicação
Industry preference of retail investors during covid-19: evidence from robinhood
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | D' Arienzo, Daniele | |
| dc.contributor.author | Freire, Francisco Rosa Faria Mendonça | |
| dc.date.accessioned | 2024-09-02T09:24:51Z | |
| dc.date.available | 2024-09-02T09:24:51Z | |
| dc.date.issued | 2023-01-24 | |
| dc.date.submitted | 2022-12-16 | |
| dc.description.abstract | This paper analyses how retail investors of Robinhood rearranged their portfolios across industries because of Covid-19, and what factors influenced their investment decisions. The analysis includes stock liquidity, historical beta, information display on Robinhood, and large one-day price movements to understand the changes in industry allocation. Retail investors, compared to a value-weighted portfolio, underinvested in industries with increasing market value following the Covid-19 Dow Jones crash, and overinvested in those with decreasing market value. A preference for high liquidity and low Price/Earnings-ratio stocks explains above 20% of the change in industry allocation, except in the Energy and Consumer Discretionary industries. | pt_PT |
| dc.identifier.tid | 203312040 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/171020 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Retail investors | pt_PT |
| dc.subject | Covid-19 | pt_PT |
| dc.subject | Industry | pt_PT |
| dc.subject | Attention-induced trading | pt_PT |
| dc.subject | Robinhood | pt_PT |
| dc.title | Industry preference of retail investors during covid-19: evidence from robinhood | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics. | pt_PT |