The disposition effect and the relevance of the reference period : evidence among sophisticated investors

The Disposition Effect (DE) describes the disposition of selling winners too early and of keeping losers for too long. Conventionally the DE is measure using trades and the average purchase price. Being more rigorous with its measure, we found that US institutional and mutual fund present some evide...

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Autores:
Sarmiento Sabogal, Julio Alejandro
Rendón, Jairo Andrés
Sandoval, Juan S.
Cayón Fallon, Edgardo
Tipo de recurso:
Article of investigation
Fecha de publicación:
2019
Institución:
Colegio de Estudios Superiores de Administración
Repositorio:
Repositorio CESA
Idioma:
eng
OAI Identifier:
oai:repository.cesa.edu.co:10726/5083
Acceso en línea:
http://hdl.handle.net/10726/5083
https://doi.org/10.1016/j.jbef.2019.04.004
Palabra clave:
Disposition effect
Mutual funds
Institutions
Investment decisions
Rights
License
Acceso Restringido