Institutional Investors, Past Performance, and Dynamic Loss Aversion
Using a proprietary database of currency trades, this paper explores the effects of trading gains and losses on risk-taking among large institutional investors. We find that institutional investors, unlike individuals, are not prone to the disposition effect. Instead, institutions aggressively reduc...
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| المؤلفون الرئيسيون: | , |
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| التنسيق: | text |
| اللغة: | English |
| منشور في: |
Institutional Knowledge at Singapore Management University
2009
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| الموضوعات: | |
| الوصول للمادة أونلاين: | https://ink.library.smu.edu.sg/lkcsb_research/2658 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3657/viewcontent/InstitutionalInvestorsPastPerformanceDynamicLossAversion.pdf |
| الوسوم: |
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