Regret sensitivity and stock certificate loss reporting: Evidence from Taiwan

Ann Shawing Yang

Finance Research Letters, 2023, vol. 58, issue PA

Abstract: We study the effect of regret on decision-making through stock certificate loss reporting. We adopt the quantile regression method and use regret theory for the study period 2008–2021. Qualified foreign institutional investors show decreasing buy- and sell-side regret from low to high quantiles contrary to dealers. Investment trust companies show sell-side regret at high quantiles. Investor name identification exerts the most negative regret between 0.9% and 1.6% from low to high quantiles, followed by Thursdays’ loss reporting and southern-based companies. The non-disclosure of lost stocks volumes exerts the most positive regret between 0.4% and 1.9% in low- and mid-quantiles.

Keywords: Stock certificate lost reporting; Regret sensitivity; Regret theory; Quantile regression method (search for similar items in EconPapers)
JEL-codes: C21 G11 G23 G41 (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323004026

DOI: 10.1016/j.frl.2023.104030

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