Individual Investors and Suboptimal Early Exercises in the Fixed-Income Market

Market Formation and Fixed Income E-Commerce

The fixed-income markets are enormous, however innovation in this sector has trailed that in the much smaller equities markets. Recently, a number of alternate trading systems (ATS) have been introduced, many of which use the Internet as an enabling infrastructure. Despite the size and impact of these markets, there is a surprising lack of IS research in this field, yet the context provides a p...

Trends in European Fixed Income Market

Are individual stock investors overconfident? Evidence from an emerging market

This paper investigates overconfidence among individual stock investors. We focus on Turkey in order to use a unique nationwide dataset and study how common overconfidence is, what factors affect overconfidence and how overconfidence relates to investor return performance. Our findings show that overconfident behavior is common among individual stock investors. Male, younger investors, investor...

Identifying and categorizing of effective factors on individual investors behavior in Tehran’s stock market (Behavioral finance perspective)

Investors behavior is one of the most important discussion of the financial science in the financial market. Individual investors consider various factors when they buy and sell securities and show different behavior (Rational, Herding, Reaction and Heuristic). The main purpose of this research is to identify and categorize factors which impact individual investors behavior that are known as be...

Good Reasons Sell: Reason - Based Choice Among Group and Individual Investors in the Stock Market

In this paper, we compare the investment decisions of groups (stock clubs) and individuals. Both individuals and clubs are more likely to purchase stocks that are associated with good reasons (e.g., a company that is featured on a list of most-admired companies). However, stock clubs favor such stocks more than individuals, despite the fact that such reasons do not improve performance. We descr...