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The Disposition Effect in the Absence of Taxes [PDF]
SSRN Electronic Journal, 2015 I measure household investment decisions undertaken in a setting that is free from investment taxes. The disposition effect is unequivocally present, but any seasonal impact of tax-loss selling is absent. There is evidence that the disposition effect correlates positively with inferior risk-adjusted investment performance.
Barberis +4 more
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The Disposition Effect and Momentum [PDF]
, 2001 Prior experimental and empirical research documents that many investors have a lower propensity to sell those stocks on which they have a capital loss. This behavioral phenomenon, known as \the disposition effect," has implications for equilibrium prices.
Grinblatt, Mark, Han, Bing
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What drives the disposition effect? [PDF]
, 2001 Why do some investors tend to ''sell winners too early and ride losers too long''? Such behavior, labeled the disposition effect, has been attributed to biases in return expectations, time-varying risk-aversion based on the value function of prospect theory, and regret theory.
Zuchel, Heiko
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Debiasing the disposition effect by reducing the saliency of information about a stock's purchase price. [PDF]
J Econ Behav Organ, 2014 The disposition effect refers to the empirical fact that investors have a higher propensity to sell risky assets with capital gains compared to risky assets with capital losses, and it has been associated with low trading performance.
Frydman C, Rangel A.
europepmc +4 more sources
The Effect of Price Path on Satisfaction and Future Behavior of Investors [PDF]
فصلنامه بورس اوراق بهادار, 2022 Investor behavior and factors affecting investment decisions are important issues that researchers have been seeking to provide a comprehensive model for interpreting in recent years. In this regard, the present study with the behavioral finance approach
Mohammad Mahdi Bahrololoum +2 more
doaj +1 more source
Disposition effect, demographics and risk taking [PDF]
RAUSP Management Journal, 2021 Purpose – This study aims to investigate the association of demographic characteristics, market conditions and risk taking with the disposition effect using data on Brazilian individual investors.
Mariana Oreng +2 more
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Behavioral Bias, Abnormal Volume, and Abnormal Return [PDF]
Journal of Asset Management and Financing, 2019 Objectives: This research evaluates the effects of overconfidence, disposition effect and investors’ attention on the abnormal volume and abnormal returns of stocks through Interruption in independent variables.
Mohammad Osoolian, Mozhgan Bazchi
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Measuring the disposition effect [PDF]
Journal of Behavioral and Experimental Finance, 2020 Despite hundreds of papers confirming the existence of the disposition effect, too little attention has been devoted to the prevailing arguments on the choice of a given method to measure it. This paper fills this gap and compares different measurement approaches. First, based on empirical and simulation-based data, I show how results may differ across
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Investigation of the Effects of Types of Ownershipon Disposition effect of Mutual funds in Tehran Stock Exchange [PDF]
تحقیقات مالی, 2017 This paper examines the relationship between mutual fund managers' ownership and the disposition effect, by using the 24 accepted mutual funds in the Tehran Stock Exchange for the period of 2011 to 2015, we investigate the effect of mutual funds’s types ...
Shahabeddin Shams +1 more
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The exploration of disposition effect among business undergraduates in Poland
Copernican Journal of Finance & Accounting, 2015 In this article the author attempts to explore the phenomena of disposition effect among Polish undergraduate students. The study shows that under experimental conditions participants do show disposition “to sell winners too early and ride losers too ...
Monika Czerwonka
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