{"id":"https://openalex.org/W3209971783","doi":"https://doi.org/10.1016/j.jbankfin.2021.106347","title":"Information asymmetry and the profitability of technical analysis","display_name":"Information asymmetry and the profitability of technical analysis","publication_year":2021,"publication_date":"2021-10-27","ids":{"openalex":"https://openalex.org/W3209971783","doi":"https://doi.org/10.1016/j.jbankfin.2021.106347","mag":"3209971783"},"language":"en","primary_location":{"id":"doi:10.1016/j.jbankfin.2021.106347","doi":"https://doi.org/10.1016/j.jbankfin.2021.106347","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2021.106347","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5043987362","display_name":"Chiayu Hung","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I22265921","display_name":"National Central University","ror":"https://ror.org/00944ve71","country_code":"TW","type":"education","lineage":["https://openalex.org/I22265921"]}],"countries":["TW"],"is_corresponding":false,"raw_author_name":"Chiayu Hung","raw_affiliation_strings":["Department of Finance, National Central University, Jhongli District, Taoyuan City, 32001, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, National Central University, Jhongli District, Taoyuan City, 32001, Taiwan","institution_ids":["https://openalex.org/I22265921"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5056786675","display_name":"Hung\u2010Neng Lai","orcid":"https://orcid.org/0000-0002-1602-6411","observed_orcids":["https://orcid.org/0000-0002-1602-6411"]},"institutions":[{"id":"https://openalex.org/I22265921","display_name":"National Central University","ror":"https://ror.org/00944ve71","country_code":"TW","type":"education","lineage":["https://openalex.org/I22265921"]}],"countries":["TW"],"is_corresponding":true,"raw_author_name":"Hung-Neng Lai","raw_affiliation_strings":["Department of Finance, National Central University, Jhongli District, Taoyuan City, 32001, Taiwan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance, National Central University, Jhongli District, Taoyuan City, 32001, Taiwan","institution_ids":["https://openalex.org/I22265921"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5056786675"],"corresponding_institution_ids":["https://openalex.org/I22265921"],"apc_list":{"value":2540,"currency":"USD","value_usd":2540},"apc_paid":null,"fwci":1.7998,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.87467452,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"134","issue":null,"first_page":"106347","last_page":"106347"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/information-asymmetry","display_name":"information asymmetry","score":0.9950000047683716},{"id":"https://openalex.org/keywords/technical-analysis","display_name":"technical analysis","score":0.9399999976158142},{"id":"https://openalex.org/keywords/informed-trading","display_name":"informed trading","score":0.8100000023841858},{"id":"https://openalex.org/keywords/moving-average-strategy","display_name":"moving average strategy","score":0.7979999780654907},{"id":"https://openalex.org/keywords/abnormal-returns","display_name":"abnormal returns","score":0.9070000052452087},{"id":"https://openalex.org/keywords/momentum","display_name":"momentum","score":0.4729999899864197},{"id":"https://openalex.org/keywords/fama-french-five-factor-model","display_name":"Fama-French five-factor model","score":0.9229999780654907},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.5230000019073486}],"concepts":[{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.6906230449676514},{"id":"https://openalex.org/C137577040","wikidata":"https://www.wikidata.org/wiki/Q431965","display_name":"Information asymmetry","level":2,"score":0.6787402629852295},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.6671953201293945},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.6379143595695496},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6308128237724304},{"id":"https://openalex.org/C98965940","wikidata":"https://www.wikidata.org/wiki/Q877496","display_name":"Transaction cost","level":2,"score":0.6083011627197266},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5302146673202515},{"id":"https://openalex.org/C131562839","wikidata":"https://www.wikidata.org/wiki/Q1574928","display_name":"Trading strategy","level":2,"score":0.521729588508606},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.5179106593132019},{"id":"https://openalex.org/C38976095","wikidata":"https://www.wikidata.org/wiki/Q752641","display_name":"Asymmetry","level":2,"score":0.4748689830303192},{"id":"https://openalex.org/C60718061","wikidata":"https://www.wikidata.org/wiki/Q1414747","display_name":"Momentum (technical analysis)","level":2,"score":0.44436484575271606},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3344128131866455},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.15329277515411377},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12887859344482422},{"id":"https://openalex.org/C62520636","wikidata":"https://www.wikidata.org/wiki/Q944","display_name":"Quantum mechanics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.jbankfin.2021.106347","doi":"https://doi.org/10.1016/j.jbankfin.2021.106347","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jbankfin.2021.106347","pdf_url":null,"source":{"id":"https://openalex.org/S2876017","display_name":"Journal of Banking & Finance","issn_l":"0378-4266","issn":["0378-4266","1872-6372"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Banking & Finance","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:jbfina:v:134:y:2022:i:c:s0378426621002983","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0378426621002983","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[{"id":"https://openalex.org/G4039092765","display_name":"Informed Trading and Technical Analysis","funder_award_id":"MOST107-2410-H008-028","funder_id":"https://openalex.org/F4320322795","funder_display_name":"Ministry of Science and Technology, Taiwan"}],"funders":[{"id":"https://openalex.org/F4320322795","display_name":"Ministry of Science and Technology, Taiwan","ror":"https://ror.org/02kv4zf79"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":80,"referenced_works":["https://openalex.org/W66483636","https://openalex.org/W1436931636","https://openalex.org/W1499550068","https://openalex.org/W1507873017","https://openalex.org/W1511548726","https://openalex.org/W1852525066","https://openalex.org/W1966179084","https://openalex.org/W1973315392","https://openalex.org/W1975676844","https://openalex.org/W1977166961","https://openalex.org/W1989939399","https://openalex.org/W1993657680","https://openalex.org/W2019519962","https://openalex.org/W2033311358","https://openalex.org/W2050643653","https://openalex.org/W2050902901","https://openalex.org/W2060714269","https://openalex.org/W2060744217","https://openalex.org/W2060775483","https://openalex.org/W2060975088","https://openalex.org/W2061137367","https://openalex.org/W2076396344","https://openalex.org/W2080887613","https://openalex.org/W2093362178","https://openalex.org/W2100376816","https://openalex.org/W2100746131","https://openalex.org/W2101544483","https://openalex.org/W2103679355","https://openalex.org/W2117178635","https://openalex.org/W2119143694","https://openalex.org/W2122298188","https://openalex.org/W2128633294","https://openalex.org/W2130180922","https://openalex.org/W2131773668","https://openalex.org/W2134658143","https://openalex.org/W2135606128","https://openalex.org/W2143152597","https://openalex.org/W2150843644","https://openalex.org/W2306498885","https://openalex.org/W2337071880","https://openalex.org/W2428045368","https://openalex.org/W2499784593","https://openalex.org/W2502939896","https://openalex.org/W2889831223","https://openalex.org/W2890222871","https://openalex.org/W2892285611","https://openalex.org/W2920306588","https://openalex.org/W3014731763","https://openalex.org/W3021190191","https://openalex.org/W3022375498","https://openalex.org/W3023906401","https://openalex.org/W3080373349","https://openalex.org/W3094633476","https://openalex.org/W3121251852","https://openalex.org/W3121401171","https://openalex.org/W3122000667","https://openalex.org/W3122057860","https://openalex.org/W3122240051","https://openalex.org/W3122244089","https://openalex.org/W3122578644","https://openalex.org/W3122597312","https://openalex.org/W3122891018","https://openalex.org/W3122982827","https://openalex.org/W3123216984","https://openalex.org/W3123389952","https://openalex.org/W3123631543","https://openalex.org/W3123914790","https://openalex.org/W3124155838","https://openalex.org/W3124304323","https://openalex.org/W3124333692","https://openalex.org/W3124405065","https://openalex.org/W3124497626","https://openalex.org/W3124639629","https://openalex.org/W3124721249","https://openalex.org/W3124833605","https://openalex.org/W3124931678","https://openalex.org/W3125574887","https://openalex.org/W4211170237","https://openalex.org/W4237239309","https://openalex.org/W6602639892"],"related_works":["https://openalex.org/W2342463786","https://openalex.org/W1546558073","https://openalex.org/W2416457048","https://openalex.org/W2979400945","https://openalex.org/W2889868640","https://openalex.org/W1972487608","https://openalex.org/W3204977682","https://openalex.org/W2193016817","https://openalex.org/W2472288953","https://openalex.org/W3126036462"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":6},{"year":2024,"cited_by_count":5},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2021-11-08T00:00:00"}