A Behavioral Analysis of Investor Diversification
| gdc.relation.journal | The European Journal of Finance | en_US |
| dc.contributor.author | Fuertes, Ana-Maria | |
| dc.contributor.author | Muradoğlu, Gülnur | |
| dc.contributor.author | Öztürkkal, Belma | |
| dc.contributor.other | International Trade and Finance | |
| dc.contributor.other | 03. Faculty of Economics, Administrative and Social Sciences | |
| dc.contributor.other | 01. Kadir Has University | |
| dc.date.accessioned | 2019-06-27T08:02:55Z | |
| dc.date.available | 2019-06-27T08:02:55Z | |
| dc.date.issued | 2014 | |
| dc.description.abstract | This paper studies the link between individual investors' portfolio diversification levels and various personal traits that proxy informational advantages and overconfidence. The analysis is based on objective data from the largest Turkish brokerage house tracking 59951 individual investors' accounts with a total of 3248654 million transactions over the period 2008-2010. Wealthier highly educated older investors working in the finance sector and those trading relatively often show higher diversification levels possibly because they are better equipped to obtain and process information. Finance professionals married investors and those placing high-volume orders through investment centers show poorer diversification possibly as a reflection of overconfidence. Our analysis reveals important nonlinear effects implying that the marginal impact of overconfidence on diversification is not uniform across investors but varies according to the investor's information gathering and processing abilities. | en_US] |
| dc.identifier.citationcount | 20 | |
| dc.identifier.doi | 10.1080/1351847X.2012.719829 | en_US |
| dc.identifier.issn | 1351-847X | en_US |
| dc.identifier.issn | 1466-4364 | en_US |
| dc.identifier.issn | 1351-847X | |
| dc.identifier.issn | 1466-4364 | |
| dc.identifier.issn | 1556-5068 | |
| dc.identifier.scopus | 2-s2.0-84897452590 | en_US |
| dc.identifier.uri | https://hdl.handle.net/20.500.12469/710 | |
| dc.identifier.uri | https://doi.org/10.1080/1351847X.2012.719829 | |
| dc.language.iso | en | en_US |
| dc.publisher | Routledge Journals Taylor & Francis Ltd | en_US |
| dc.relation.ispartof | SSRN Electronic Journal | |
| dc.rights | info:eu-repo/semantics/openAccess | en_US |
| dc.subject | Portfolio Risk | en_US |
| dc.subject | Behavioral Finance | en_US |
| dc.subject | Emerging Market | en_US |
| dc.subject | Individual Investor | en_US |
| dc.subject | Iversification | en_US |
| dc.title | A Behavioral Analysis of Investor Diversification | en_US |
| dc.type | Article | en_US |
| dspace.entity.type | Publication | |
| gdc.author.institutional | Öztürkkal, Belma | en_US |
| gdc.author.institutional | Öztürkkal, Ayşe Belma | |
| gdc.bip.impulseclass | C4 | |
| gdc.bip.influenceclass | C4 | |
| gdc.bip.popularityclass | C4 | |
| gdc.coar.access | open access | |
| gdc.coar.type | text::journal::journal article | |
| gdc.description.department | Fakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümü | en_US |
| gdc.description.endpage | 523 | |
| gdc.description.issue | 6 | |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| gdc.description.scopusquality | Q1 | |
| gdc.description.startpage | 499 | en_US |
| gdc.description.volume | 20 | en_US |
| gdc.description.wosquality | Q3 | |
| gdc.identifier.openalex | W3123744188 | |
| gdc.identifier.wos | WOS:000334060200001 | en_US |
| gdc.oaire.accesstype | BRONZE | |
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| gdc.oaire.impulse | 5.0 | |
| gdc.oaire.influence | 4.1701997E-9 | |
| gdc.oaire.isgreen | true | |
| gdc.oaire.keywords | Individual Investor | |
| gdc.oaire.keywords | Iversification | |
| gdc.oaire.keywords | Portfolio Risk | |
| gdc.oaire.keywords | Behavioral Finance | |
| gdc.oaire.keywords | HG | |
| gdc.oaire.keywords | Emerging Market | |
| gdc.oaire.popularity | 1.1396981E-8 | |
| gdc.oaire.publicfunded | false | |
| gdc.oaire.sciencefields | 0502 economics and business | |
| gdc.oaire.sciencefields | 05 social sciences | |
| gdc.openalex.fwci | 2.09 | |
| gdc.openalex.normalizedpercentile | 0.98 | |
| gdc.openalex.toppercent | TOP 10% | |
| gdc.opencitations.count | 28 | |
| gdc.plumx.crossrefcites | 9 | |
| gdc.plumx.mendeley | 95 | |
| gdc.plumx.scopuscites | 28 | |
| gdc.scopus.citedcount | 28 | |
| gdc.wos.citedcount | 23 | |
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