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Cited by 1,306

The DOI matches its Crossref record; 58 of the 58 references it cites were found in a registry or an index.

Individualism and Momentum around the World

Open access
CHUI, ANDY C.W., TITMAN, SHERIDAN, WEI, K.C. JOHN·2010·The Journal of Finance
DOI 10.1111/j.1540-6261.2009.01532.x
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Abstract

This paper examines how cultural differences influence the returns of momentum strategies. Cross‐country cultural differences are measured with an individualism index developed by Hofstede (2001), which is related to overconfidence and self‐attribution bias. We find that individualism is positively associated with trading volume and volatility, as well as to the magnitude of momentum profits. Momentum profits are also positively related to analyst forecast dispersion, transaction costs, and the familiarity of the market to foreigners, and negatively related to firm size and volatility. However, the addition of these and other variables does not dampen the relation between individualism and momentum profits.

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Crossref · 10.1111/j.1540-6261.2009.01532.x

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Metadata

Authors
CHUI, A. C. W., TITMAN, S., & WEI, K. C. J.
Venue
The Journal of Finance
Publisher
Wiley
Published
2010-01-13
Volume
65
Issue
1
Pages
361-392
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2009.01532.x
OpenAlex
W2588113285
Cited by
1,306
References
58
FWCI
99.56
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Individualism and Momentum around the World. https://app.cochat.ai/papers/10.1111/j.1540-6261.2009.01532.x
The paper
CHUI, A. C. W., TITMAN, S., & WEI, K. C. J. (2010). Individualism and Momentum around the World. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2009.01532.x

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.