%0 Journal Article
	%A Chih-Hsiang Chang
	%D 2016
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 118, 2016
	%T The Study on the Relationship between Momentum Profits and Psychological Factors: Evidence from Taiwan
	%U https://publications.waset.org/pdf/10005549
	%V 118
	%X This study provides insight into the effects of investor sentiment, excess optimism, overconfidence, the disposition effect, and herding formation on momentum profits. This study contributes to the field by providing a further examination of the relationship between psychological factors and momentum profits. The empirical results show that there is no evidence of significant momentum profits in Taiwan’s stock market. Additionally, investor sentiment in Taiwan’s stock market significantly influences its momentum profits.
	%P 3395 - 3399