Journal of Economics and Development, T. 14, S. 2 (2012)

Cỡ chữ:  Nhỏ  Vừa  Lớn

Empirical Research of Disposition Effects in Vietnam’s Stock Market

Nguyen Duc Hien, Ngo Duy, Nguyen Ngoc Tram

Tóm tắt

      This paper examines some cognitive biases of Vietnamese stock investors by ana- lyzing 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 win- ing stocks which is known as the disposition effect. It provokes many implications for researchers, market practitioners and policy makers.

Toàn văn: PDF

Journal of Economics & Development, ISSN: 1859-0020