How the disposition effect may explain momentum: the relationship between investment behavior biases and brazilian market movements

How the disposition effect may explain momentum: the relationship between investment behavior biases and brazilian market movements

Momentum is one of the most robust anomalies in financial markets, there are two main recent explanations for this phenomenon, a behavioral-based explanation through disposition-effect (i.e., the willingness to sell \"winners\" too quickly and to hold \"losers\" for a long time)...

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Bibliographic Details
Main Author: Pitthan, Francisco do Nascimento
Other Authors: Bueno, Rodrigo de Losso da Silveira
Format: Others
Language:en
Published: Biblioteca Digitais de Teses e Dissertações da USP 2018
Subjects:
Apreçamento de ativos
Asset pricing
Behavioral finance
Disposition-effect
Efeito disposição
Estratégias de investimento
Finanças comportamentais
Fluxos de fundos
Fund flowz
Investment behavior bias
Investment strategies
Momentum
Viés de comportamento de investimento
Online Access:http://www.teses.usp.br/teses/disponiveis/12/12138/tde-13112018-130943/

Internet

http://www.teses.usp.br/teses/disponiveis/12/12138/tde-13112018-130943/

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