EconPapers    
Economics at your fingertips  
 

Disposition bias among Borsa Istanbul investors: What do we know about type, size and trading frequency?

Evrim Hilal Kahya and Cumhur Ekinci ()

Journal of Behavioral and Experimental Finance, 2022, vol. 35, issue C

Abstract: This paper investigates the disposition bias for different categories of investors based on type (legal persons, female and male), size (large, medium and small) and trading frequency (frequently, occasionally and infrequently trading). Analyzing an exhaustive dataset consisting of 283,913 investors from Borsa Istanbul, we find that all types of investors exhibit disposition bias while legal persons, large investors and frequently trading investors do less. Trading frequency, rather than size, is the most relevant investor feature associated with disposition bias. A detailed analysis with combined features is needed for understanding the role of various factors in this investor behavior.

Keywords: Behavioral finance; Disposition bias; Loss aversion; Investor types; Borsa Istanbul (search for similar items in EconPapers)
JEL-codes: G11 G23 G41 J16 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214635022000351

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:35:y:2022:i:c:s2214635022000351

DOI: 10.1016/j.jbef.2022.100682

Access Statistics for this article

Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and Jürgen Huber

More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2022-11-12
Handle: RePEc:eee:beexfi:v:35:y:2022:i:c:s2214635022000351