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Information Journal Paper

Title

TRADING VOLUME IMPACT OF THE LOSS AVERSION IN TEHRAN STOCK EXCHANGE

Pages

  75-83

Abstract

 The article study empirically IPO TRADING VOLUME impact of THE DISPOSITION OF THE LOSS AVERSION in Tehran Stock Exchange. The IPO data come from in Tehran Stock Exchange between 1382-1388. In IPOs all initial INVESTORS have a common purchase PRICE and the disposition effect should thus be at its strongest. This is result of the two step method. The first step are used OLS as a second step are used data panel. in first step are calculated normal TRADING VOLUME  and residuals then in second step are used residuals and dummy variables for examined disposition of the loss aversion.Based on the discussion above, It formulate the following hypotheses:There is an increase in TRADING VOLUME for negative initial RETURN IPOs as they exceed the offer PRICE & There is an increase in TRADING VOLUME for positive initial RETURN IPOsas they fall below the offer PRICE & There is an increase in TRADING VOLUME for IPOs as their stock PRICEsreach new record highs or low.While this finding can be consistent with loss aversion, it isalso consistent with other explanations.

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    Cite

    APA: Copy

    REZAZADEH, E., & FALAH SHAMS, M.F.. (2013). TRADING VOLUME IMPACT OF THE LOSS AVERSION IN TEHRAN STOCK EXCHANGE. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), 6(17), 75-83. SID. https://sid.ir/paper/200389/en

    Vancouver: Copy

    REZAZADEH E., FALAH SHAMS M.F.. TRADING VOLUME IMPACT OF THE LOSS AVERSION IN TEHRAN STOCK EXCHANGE. FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES)[Internet]. 2013;6(17):75-83. Available from: https://sid.ir/paper/200389/en

    IEEE: Copy

    E. REZAZADEH, and M.F. FALAH SHAMS, “TRADING VOLUME IMPACT OF THE LOSS AVERSION IN TEHRAN STOCK EXCHANGE,” FINANCIAL KNOWLEDGE OF SECURITY ANALYSIS (FINANCIAL STUDIES), vol. 6, no. 17, pp. 75–83, 2013, [Online]. Available: https://sid.ir/paper/200389/en

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