Explaining Stocks’ Return Based on Prospect Theory

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

GHADIMI FATEMEH; SOROUSHYAR AFSANEH

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES) Year:2020 | Volume:12 | Issue:44 Page(s): 141-151

Download Full-Text

Persian Verion

View:

697

Download:

Cites:

Information Journal Paper

Title

Explaining Stocks’ Return Based on Prospect Theory

Author(s)

GHADIMI FATEMEH | SOROUSHYAR AFSANEH | Issue Writer Certificate

Keywords

Prospect Theory ValueQ1

Stock ReturnsQ2

RiskQ2

Distribution of Stock ReturnsQ1

Abstract

The way of allocating money to stock is the one of investors’ concerns. Investors mentally represent the stock by the distribution of its past returns and then evaluate this distribution in the way described by prospect theory. Therefore, Prospect Theory Value as an influential factor in explaining Stock Returns has attracted many researchers. The purpose of this study was to investigate the effect of the prospect theory on future Stock Returns in listed companies in Tehran Stock Exchange. The statistical sample of the research, which has been selected by systematic elimination method, includes 104 companies from the companies listed in the Tehran Stock Exchange during the years 2012 to 2016. In this research, Fama and Franch model (1992) have been used to test the research hypotheses. The research model is fitted twice separately, once using panel data and again by the time series method, by the formulation of the portfolios. The results of the research show that the Prospect Theory Value has a negative effect on Stock Returns.

Cites

No record.

References

No record.

Cite

APA: Copy

GHADIMI, FATEMEH, & SOROUSHYAR, AFSANEH. (2020). Explaining Stocks’ Return Based on Prospect Theory. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 12(44 ), 141-151. SID. https://sid.ir/paper/200284/en

Vancouver: Copy

GHADIMI FATEMEH, SOROUSHYAR AFSANEH. Explaining Stocks’ Return Based on Prospect Theory. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)[Internet]. 2020;12(44 ):141-151. Available from: https://sid.ir/paper/200284/en

IEEE: Copy

FATEMEH GHADIMI, and AFSANEH SOROUSHYAR, “Explaining Stocks’ Return Based on Prospect Theory,” FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), vol. 12, no. 44 , pp. 141–151, 2020, [Online]. Available: https://sid.ir/paper/200284/en

Related Journal Papers