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フルテキストURLD300016000003.pdf ( 1.9MB ) 公開日 2018-05-09
タイトルEmpirical study on disposition effect of Bangladeshi investors
作成者Bhowmik, Dipu Rani
内容記述(抄録等)This research investigates the tendency of emerging market investors to hold losers too long and sell winners too soon. I calculate 125 individual investors' daily transactions using a large brokerage account database between 2011 and 2016 in Bangladesh. The results demonstrate that investors at aggregate level as well as individual level in Bangladesh have a historical preference for realizing their winning investments more than their losing ones. Individual investors realize their gains 1.6 times more than their losses. This study also tests the disposition effect of traders on the basis of frequency, gender and average rate of return and then judges the role of investors' personal characteristics on trading behavior. Bangladeshi investors are highly suffering from disposition effect, making poor trading decisions and their tendency towards disposition effect is not motivated by influencing factor like portfolio rebalance.
本文言語eng
著者キーワードindividual investor
disposition effect
investors' characteristics
sophistication
資料タイプtext
ファイル形式application/pdf
出版者山口大学大学院東アジア研究科
出版者ヨミヤマグチ ダイガク ダイガクイン ヒガシアジア ケンキュウカ
NII資料タイプ学術雑誌論文
ISSN1347-9415
NCIDAA11831154
学内刊行物(紀要等)東アジア研究
掲載誌名東アジア研究
掲載誌名別表記Journal of East Asian studies
16
開始ページ41
終了ページ55
発行日2018-03
著者版/出版社版出版社版
リポジトリIDD300016000003
地域区分山口大学
URIhttp://www.lib.yamaguchi-u.ac.jp/yunoca/handle/D300016000003