|Keywords:||Engineering and Technology; Teknik och teknologier; Masterprogram i tillämpad beräkningsvetenskap; Master Programme in Computational Science|
|Full text PDF:||http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-215603|
We did further analysis to understand the dynamics of information diffusion in an"Empirical Investor Network (EIN) . We find that the timings of the trades are of crucial importance for central investors. We find further evidence that central traders have information advantage and information diffusion plays a central role in their profitability. We verify through our robustness tests that all results hold up when profits are calculated using actual realized returns instead of a fixed holding period.