Empirical Research of Disposition Effects in Vietnam’s Stock Market
نویسندگان
چکیده
This paper examines some cognitive biases of Vietnamese stock investors by analyzing trading records for 1,201 accounts at a brokerage firm. These investors tend to make poor trading decisions by selling good stocks and buying bad stocks. They demonstrate a significant reference to holding the losing stocks and selling the wining stocks which is known as the disposition effect. It provokes many implications for researchers, market practitioners and policy makers.
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