...Andreas Kiky; Apriani Dorkas Rambu Atahau; Linda Ariany Mahastanti; Supatmi Supatmi Purpose This paper aims to explore the development of investment decision tools by understanding the rationality behind the disposition effect. We suspect that not all disposition decisions are irrational...

...Wendy Kesuma; Irwan Adi Ekaputra; Dony Abdul Chalid Purpose This paper investigates whether individual investors are attentive to stock splits and whether higher split ratios (stronger private information signals) reduce the disposition effect. Design/methodology/approach This study employs...

...Sravani Bharandev; Sapar Narayan Rao Purpose The purpose of this paper is to test the disposition effect at market level and propose an appropriate reference point for testing disposition at market level. Design/methodology/approach This is an empirical study conducted on 500 index stocks...

...Tommy Gärling; Mary Blomman; Tim Alexander Carle Purpose The purpose of this paper is to present an affect account that identifies emotions driving sell preferences in stock markets that result in the disposition effect (winning stocks hold too short and losing stocks too long) and to specify how...

... is associated with more reliable information in a systematic and predictable way, thus challenging Fama’s (1998) view. Overconfidence Disposition effect Experimental finance Experimental economics Under/overreaction Following on from the companion paper, Duxbury (2015) , in which we review...