Purpose – The purpose of the paper is to investigate the price interrelationship between the Taiwanese and US financial markets. Design/methodology/approach – The trivariate GJR-GARCH (1,1) model and event study were employed to investigate volatility asymmetry and overreaction phenomenon,...

Purpose – The purpose of this paper is to investigate how stock characteristics influence investor trading behavior and psychological pitfalls. Design/methodology/approach – This study employs the methods of Solt and Statman (1989) and Kumar (2009) to examine investor trading activities....