https://scholars.lib.ntu.edu.tw/handle/123456789/414550
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | Shu, Pei Gi | en_US |
dc.contributor.author | Yeh, Yin Hua | en_US |
dc.contributor.author | SHEAN-BII CHIU | en_US |
dc.contributor.author | Chen, Hsuan Chi | en_US |
dc.creator | Chen, Hsuan Chi;SHEAN-BII CHIU;Yeh, Yin Hua;Shu, Pei Gi | - |
dc.date.accessioned | 2019-07-23T04:01:12Z | - |
dc.date.available | 2019-07-23T04:01:12Z | - |
dc.date.issued | 2005-03-01 | - |
dc.identifier.issn | 0927538X | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/414550 | - |
dc.description.abstract | Taiwanese investors exhibit a stronger disposition effect than US investors. On average, the proportion for realizing gains is 2.5 times that for realizing losses. The corresponding multiple for the US investors is 1.5 [Odean, T., 1998. Are investors reluctant to realize their losses? Journal of Finance 53, 1775-1798.]. The cultural difference between the Ease and the West could partly explain this phenomenon, i.e., Taiwanese investors have stronger beliefs in mean reversion than US investors. However, investors' belief formation is not obviously reinforced by their experiences from the stock market. Analysis at the stock characteristic level finds that investors trading stocks in high-return/low-price categories and in low-return/high-price categories exhibit the reverse disposition effect. The disposition effects at the individual level shows that aged female investors are more finclined to asymmetrically deal with their gains than losses. By contrast, the investors with margin trading are less likely to exhibit the disposition effect. © 2004 Elsevier B.V. All rights reserved. | en_US |
dc.relation.ispartof | Pacific Basin Finance Journal | en_US |
dc.subject | Disposition effect | Individual investors | Investor characteristics | en_US |
dc.title | Are Taiwanese individual investors reluctant to realize their losses? | en_US |
dc.type | journal article | en |
dc.identifier.doi | https://api.elsevier.com/content/abstract/scopus_id/14844296990 | - |
dc.identifier.doi | 10.1016/j.pacfin.2004.08.001 | - |
dc.identifier.scopus | 2-s2.0-14844296990 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/14844296990 | - |
dc.relation.pages | 201 | en_US |
dc.relation.journalvolume | 13 | en_US |
dc.relation.journalissue | 2 | en_US |
dc.relation.pageend | 223 | en_US |
item.cerifentitytype | Publications | - |
item.fulltext | no fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.openairetype | journal article | - |
item.grantfulltext | none | - |
crisitem.author.dept | Finance | - |
crisitem.author.parentorg | College of Management | - |
顯示於: | 財務金融學系 |
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