https://scholars.lib.ntu.edu.tw/handle/123456789/165606
標題: | Who Are Reluctant to Realize Their Losses? | 作者: | Shu, Pei-Gi Yeh, Yin-Hua Chiu, Shean-Bii Chen, Hsuan-Chi |
關鍵字: | the disposition effect;investor characteristics;self-control mechanism | 公開日期: | 19-十二月-2002 | 出版社: | 臺北市:國立臺灣大學財務金融學系 | 摘要: | This paper investigates the disposition effect of individual investors from a data set of 53,680 accounts covering 10,883,473 transaction records. The results show that investors in Taiwan exhibit disposition effect to an extent more than the U.S. investors. The results of logistic regression and tobit regression show that aged female is more inclined to asymmetrically deal with their winners than losers. In contrast, the margin-purchase or short-selling investor is less to be the pawn of the disposition effect. We also explore the situations faced by investors and find that investors in the high-absolute-return quartiles are not disposed. |
URI: | http://ntur.lib.ntu.edu.tw//handle/246246/20060927122729054622 | 其他識別: | 20060927122729054622 |
顯示於: | 財務金融學系 |
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