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Disposition Effect among brazilian equity fund managers [PDF]
RAE: Revista de Administração de Empresas, 2015 The disposition effect predicts that investors tend to sell winning stocks too soon and ride losing stocks too long. Despite the wide range of research evidence about this issue, the reasons that lead investors to act this way are still subject to much ...
Eduardo Pozzi Lucchesi +2 more
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Wide framing disposition effect: An empirical study [PDF]
Journal of Economic Behavior & Organization, 2021 We estimate the disposition effect for active traders in a large discount brokerage dataset containing US households trading records between 1991 and 1996. We apply a wide framing perspective, focusing on portfolios rather than individual stocks. We find that the disposition effect varies inversely with the proportion of stocks trading at a gain in the
Julia Brettschneider +2 more
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Disposition effect and gender [PDF]
Applied Economics Letters, 2008 Investors seem to hold on to their losing stocks to a greater extent than they hold on to their winning stocks. This well-documented behavioural regularity is termed disposition effect (Shefrin and Statman, 1985). We set an experiment to replicate results from a previous study of the disposition effect (Weber and Camerer, 1998) and further show that a ...
Newton, Da Costa Jr +2 more
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Review on Efficiency and Anomalies in Stock Markets
Economies, 2020 The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some ...
Kai-Yin Woo +3 more
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Hold on to it? An experimental analysis of the disposition effect [PDF]
Judgment and Decision Making, 2017 This paper experimentally investigates a well-known anomaly in portfolio management, i.e., the fact that paper losses are realized less than paper gains (disposition effect).
Matteo Ploner
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The Role Of Patience Disposition On The Effect Of Self-Efficacy On Academic Cheating
Psikis: Jurnal Psikologi Islami, 2021 This research aims to determine the role of the disposition of patience on the effect of self-efficacy on academic cheating. Participants involved in this study were 340 people with 38% women (mean age of all subjects = 19.3 and SD = 2.01). The measuring
Fahrul Rozi
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The disposition effect among mutual fund participants : a re- examination [PDF]
, 2020 Using information on mutual fund trades executed from 1998 to 2017 by 31,513 individual investor clients of a major Portuguese financial institution, we study the relationship between the disposition effect, financial literacy and trading experience.
Abreu, Margarida +2 more
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Financial Attention and the Disposition Effect [PDF]
SSRN Electronic Journal, 2018 Using a novel brokerage dataset covering individual investors' login and stock trading behavior, we investigate the severity of the disposition effect as a function of attention. Our results show that more attentive investors trade less in line with the disposition effect, suggesting a comparative advantage in incorporating information into financial ...
Nicolas Dierick +3 more
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The Survey of the relationship between Disposition Effect and Cash flows and Investment Companies Performance in Tehran Stock Exchange [PDF]
تحقیقات مالی, 2011 In this paper disposition effect, selling winners and holding losers, in Tehran stock exchange (TSE) investment companies and its effect on these companies’ cash flows and performance using Odean model has been reviewed and investigated.
Shahabeddin Shams +1 more
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Momentum and disposition effect in the US stock market
Cogent Economics & Finance, 2021 This paper examines whether momentum drives the disposition effect and vice versa in the US stock market. The results from the analysis of the Fama-Macbethregressions show that the disposition effect drives momentum but not the other way around ...
Ranjeeta Sadhwani, M. U. R. Bhayo
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