Search Results - subject:"disposition eﬀect"

Getting Better or Feeling Better? How Equity Investors Respond to Investment Experience

Campbell, John Y; Ramadorai, Tarun; Ranish, Benjamin - C.E.P.R. Discussion Papers - 2014

Using a large representative sample of Indian retail equity investors, many of them new to the stock market, we show that both years of investment experience and feedback from investment returns have significant effects on investor behavior, favored stock styles, and performance. We identify two...

Persistent link: https://www.econbiz.de/10011084250

Volatile market condition and investor clientele effects on mutual fund flow performance relationship

Jun, Xiao; Li, Mingsheng; Shi, Jing - In: Pacific-Basin Finance Journal 29 (2014) C, pp. 310-334

We analyze mutual fund flow–performance relationship using a novel sample of Chinese mutual funds that trade in a volatile market environment. Consistent with existing literature, we find that the net flow to a fund is positively related to past fund performance. However, the positive...

Persistent link: https://www.econbiz.de/10011116409

Debiasing the disposition effect by reducing the saliency of information about a stock's purchase price

Frydman, Cary; Rangel, Antonio - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 541-552

The disposition effect refers to the empirical fact that investors have a higher propensity to sell risky assets with … exhibit a disposition effect in the high-saliency condition, and that the effect is 25% smaller in the low-saliency condition …. This suggests that it is possible to debias the disposition effect by reducing the saliency with which information about a …

Persistent link: https://www.econbiz.de/10011116855

Do investors hold that they know? Impact of familiarity bias on investor’s reluctance to realize losses: Experimental approach

Bulipopova, Ekaterina; Zhdanov, Vladislav; Simonov, Artem - In: Finance Research Letters 11 (2014) 4, pp. 463-469

. Our experimental approach reveals a strong correlation between familiarity and disposition effect. We conducted 714 tests …

Persistent link: https://www.econbiz.de/10011118175

European stock market dynamics: implications of overconfidence and the disposition effect for turnover

Ouarda, Moatemri; Bori, Abdelfeteh El - In: International Journal of Behavioural Accounting and Finance 4 (2014) 2, pp. 133-152

The main objective of this study is to determine whether the effects of overconfidence bias and the disposition effect … overconfidence bias. However, distinguishing the effects of overconfidence from the disposition effect is achieved in a more robust … overconfidence bias more than to the disposition effect. Nevertheless, the effects of these two anomalies on the movements of trading …

Persistent link: https://www.econbiz.de/10010816479

Are Hungarian investors reluctant to realize their losses?

Ormos, Mihály; Joó, István - In: Economic Modelling 40 (2014) C, pp. 52-58

too late. We analyze 130 university students' trading activity for 2009 and 2010. We investigate the disposition effect by … that Hungarian investors exhibit a disposition effect that worsens their investment performance in general. According to …

Persistent link: https://www.econbiz.de/10011048934

The impact of the disposition effect on asset prices: insight from the NBA

Borghesi, Richard - In: Journal of Economics and Finance 38 (2014) 4, pp. 698-711

disposition effect causes significant deviations between contract prices and values. The contracts under examination are listed on … underpriced and experience significantly positive future returns. These findings are consistent with the disposition effect in …

Persistent link: https://www.econbiz.de/10010949848

IPO market timing. The evidence of the disposition effect among corporate managers

Plotnicki, Michal; Szyszka, Adam - In: Global Finance Journal 25 (2014) 1, pp. 48-55

the disposition effect among firms' managers. …

Persistent link: https://www.econbiz.de/10011039293

The disposition effect and loss aversion: Do gender differences matter?

Rau, Holger A. - In: Economics Letters 123 (2014) 1, pp. 33-36

This paper analyzes gender differences in the disposition effect in an experiment based on Weber and Camerer (1998 …

Persistent link: https://www.econbiz.de/10010743733

Return anomalies “Disposition effect and momentum” : evidence from the Egyptian stock market

Sakr, Ahmed M.; Ragheb, Mohamed A.; Ragab, Aiman A.; … - In: International journal of economics and finance 6 (2014) 2, pp. 181-196

Persistent link: https://www.econbiz.de/10010257640