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Loss aversion, overconfidence of investors and their impact on market performance evidence from the US stock markets

Bouteska, Ahmed; Regaieg, Boutheina - In: Journal of economics, finance & administrative science 25 (2020) 50, pp. 451-478

overconfidence on the performance of US companies. First, the impact of loss aversion on the economic performance of companies was … assessed. Second, the impact of overconfidence on market performance was discussed. Design/methodology/approach - This study … this is achieved for both sectors. In contrast, the findings suggest that overconfidence positively affects market …

Persistent link: https://www.econbiz.de/10012434081

'Rational' or 'Intuitive' : Are Behavioral Biases Correlated Across Stock Market Investors?

Kudryavtsev, Andrey - 2013

Human judgments are systematically affected by various biases and distortions. The main goal of our study is to analyze the effects of five well-documented behavioral biases — namely, the disposition effect, herd behavior, availability heuristic, gambler's fallacy and hot hand fallacy — on...

Persistent link: https://www.econbiz.de/10013079868

Forecasting, valuation and portfolio returns of stock market evolution: problems, paradoxes and efficient information : worldwide implications and Romanian evidence

Turcaş, Florin; Dumiter, Florin Cornel; Brezeanu, Petre; … - In: Journal of business economics and management 21 (2020) 1, pp. 87-114

The purpose of this paper is to make a quantitative and qualitative critical analyse regarding the three important aspects of stock market evolution. First, the forecasting problems are presented and analyse in order to establish the main problems and the potential solutions. Second, the...

Persistent link: https://www.econbiz.de/10012176187

Decision Making in the Stock Market : Incorporating Psychology with Finance

Chandra, Abhijeet - 2012

paper is to explore the impact of behavioural factors and investor's psychology on their decision-making, and to examine the … behavioural decision-making and investor's psychology. The research is based on the secondary data relating to investments …

Persistent link: https://www.econbiz.de/10013116675

Air Pollution and Behavioral Biases : Evidence from Stock Market Anomalies

Nguyen, Harvey; Pham, Mia - 2022

Air pollution is one of the most serious environmental risks and imposes multi-dimensional externalities. This paper examines the impact of air pollution on the efficiency of financial markets. Using a comprehensive set of market anomalies and a composite mispricing score constructed based on...

Persistent link: https://www.econbiz.de/10013298293

Value Bubbles

Chibane, Messaoud - 2019

According to several extended behavioral theories, value profits should mirror momentum profits, and vary over time. We test these theories in the cross section of returns. Value returns depend on market states. From 1926 to 2018, following negative market return, the average so-called value...

Persistent link: https://www.econbiz.de/10012867491

Is the Disposition Effect in Bonds As Strong As in Stocks? Evidence From an Emerging Market

Hincapié, Juliana - 2020

Does the disposition effect appear in bond trades as in stocks?. We apply the Odean's measure (1998) to a proprietary transaction database with unique investor ids from an emerging market exchange that holds both stock and bond trading. We find some disposition effect in treasuries, but much...

Persistent link: https://www.econbiz.de/10012848078

Can institutional investors restrain stock market manipulation?--empirical evidence from an emerging market

Liu, Jie; Wu, Chonglin; Yuan, Lin - 2020

This paper analyzes the relationship between the proportion of institutional investors' shareholding and the probability of stock manipulation using 252 cases of manipulation disclosed in public administrative penalty decision of the China Securities Regulatory Commission (CSRC) from 2007 to...

Persistent link: https://www.econbiz.de/10012832516

Stock market contagion during the global financial crises : evidence from the Chilean stock market

Mahenthiran, Sakthiharan; Gjerde, Tom; Silva, Berta - In: International Journal of Financial Studies : open … 8 (2020) 2/26, pp. 1-22

The study examines evidence for the transmission of the US and EU financial crises via investor holdings into the Chilean stock market following two global financial crises, in 2008 and 2011. The study modified the models of Bekaert et al. (2014), and Dungey and Gajurel (2015) on the 2007-2009...

Persistent link: https://www.econbiz.de/10012239317

Decomposing the disposition effect

Maier, Johannes K.; Fischer, Dominik Simon - 2021

We theoretically show that there is a fundamental disconnect be- tween the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses re-...

Persistent link: https://www.econbiz.de/10012648374