This paper tests the disposition effect first tested by Odean (1998) the tendency of investors to show a preference towards realising winning investments over losing investments in New Zealand by analysing 125 trading accounts from a nationwide retail brokerage house between the 1st June, 1988, to the 30th April, 1999. The analysis is performed using two different reference points for measuring winning investments and losing investments. Firstly, the average purchase price of the security is used and secondly, a relative strength measure is employed to indicate the recent performance of the security. Overall, the investors tend not to exhibit characteristics of the disposition effect, when the average purchase price is used as a reference p...
Financial theory has identified the tendency of investors to hold loosing investments too long and s...
The disposition effect is the observation that investors hold winning stocks too long and sell losin...
This article uses a panel survival approach to analyze the trading behavior of foreign exchange trad...
This paper is a survey of existing papers on the disposition effect, which may be described as a ten...
Purpose: The purpose of this paper is to demonstrate that various disposition patterns in terms of t...
The disposition effect describes the tendency to sell winners (stocks with a paper gain) and hold lo...
We estimate the disposition effect for active traders in a large discount brokerage dataset containi...
The disposition effect describes investors’ common tendency of selling a winning investment too soon...
The ‘disposition effect’ is the tendency to sell assets that have gained value (‘winners’) and keep ...
Efeito disposição entre gestores brasileiros de fundos de ações Efecto disposición entre gestores br...
Research from the behavioural finance paradigm has detected bias in investors' decision making. One ...
Financial theory has identified the tendency of investors to hold loosing investments too long and s...
Recent studies have documented a strong tendency for individual investors to delay realizing capital...
This paper provides an in-depth analysis of how the disposition effect (DE) varies both across indiv...
publisher[Abstract] In this note, we critically survey the literature on one of the most puzzling ph...
Financial theory has identified the tendency of investors to hold loosing investments too long and s...
The disposition effect is the observation that investors hold winning stocks too long and sell losin...
This article uses a panel survival approach to analyze the trading behavior of foreign exchange trad...
This paper is a survey of existing papers on the disposition effect, which may be described as a ten...
Purpose: The purpose of this paper is to demonstrate that various disposition patterns in terms of t...
The disposition effect describes the tendency to sell winners (stocks with a paper gain) and hold lo...
We estimate the disposition effect for active traders in a large discount brokerage dataset containi...
The disposition effect describes investors’ common tendency of selling a winning investment too soon...
The ‘disposition effect’ is the tendency to sell assets that have gained value (‘winners’) and keep ...
Efeito disposição entre gestores brasileiros de fundos de ações Efecto disposición entre gestores br...
Research from the behavioural finance paradigm has detected bias in investors' decision making. One ...
Financial theory has identified the tendency of investors to hold loosing investments too long and s...
Recent studies have documented a strong tendency for individual investors to delay realizing capital...
This paper provides an in-depth analysis of how the disposition effect (DE) varies both across indiv...
publisher[Abstract] In this note, we critically survey the literature on one of the most puzzling ph...
Financial theory has identified the tendency of investors to hold loosing investments too long and s...
The disposition effect is the observation that investors hold winning stocks too long and sell losin...
This article uses a panel survival approach to analyze the trading behavior of foreign exchange trad...