A Behavioral Analysis of Investor Diversification

dc.contributor.author Fuertes, Ana-Maria
dc.contributor.author Öztürkkal, Ayşe Belma
dc.contributor.author Muradoğlu, Gülnur
dc.contributor.author Öztürkkal, Belma
dc.contributor.other International Trade and Finance
dc.date.accessioned 2019-06-27T08:02:55Z
dc.date.available 2019-06-27T08:02:55Z
dc.date.issued 2014
dc.department Fakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümü en_US
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.endpage 523
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.issue 6
dc.identifier.scopus 2-s2.0-84897452590 en_US
dc.identifier.scopusquality Q1
dc.identifier.startpage 499 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.identifier.volume 20 en_US
dc.identifier.wos WOS:000334060200001 en_US
dc.identifier.wosquality Q3
dc.institutionauthor Öztürkkal, Belma en_US
dc.language.iso en en_US
dc.publisher Routledge Journals Taylor & Francis Ltd en_US
dc.relation.journal The European Journal of Finance en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 27
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
dc.wos.citedbyCount 22
dspace.entity.type Publication
relation.isAuthorOfPublication 4305087b-4178-478d-8846-9b1a77e8bfbe
relation.isAuthorOfPublication.latestForDiscovery 4305087b-4178-478d-8846-9b1a77e8bfbe
relation.isOrgUnitOfPublication 16202dfd-a149-4884-98fb-ada5f8c12918
relation.isOrgUnitOfPublication.latestForDiscovery 16202dfd-a149-4884-98fb-ada5f8c12918

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