Behavioral Biases of Finance Professionals: Turkish Evidence

dc.contributor.authorKiymaz, Halil
dc.contributor.authorÖztürkkal, Belma
dc.contributor.authorAkkemik, K. Ali
dc.date.accessioned2019-06-27T08:01:36Z
dc.date.available2019-06-27T08:01:36Z
dc.date.issued2016
dc.departmentFakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümüen_US
dc.description.abstractThis study extends the existing literature on the determinants of behavioral biases of Turkish finance sector professionals. It examines the impact of various personal and objective attributes of finance sector professionals on their risk choices derived from their portfolio allocation and personal wealth data. Utilizing survey data from 206 professionals we find that these professionals take higher risk in the form of investment in equities when investing in home country firms (geographic bias) and investing in firms headquartered in their home towns (home bias). Those relying on their own predictions when making investment decisions and those with emotional biases invest less in equities. Findings further show that younger professionals professional with less education with lower risk aversion and with single broker accounts are more likely to invest in equities. We also find that those with higher expected returns invest more in equities showing overconfidence. Subsample analysis results for finance professionals suggest that portfolio managers and brokerage company professionals display differing risk taking behavior. (C) 2016 Elsevier B.V. All rights reserved.en_US]
dc.identifier.citation11
dc.identifier.doi10.1016/j.jbef.2016.10.001en_US
dc.identifier.endpage111
dc.identifier.issn2214-6350en_US
dc.identifier.issn2214-6369en_US
dc.identifier.issn2214-6350
dc.identifier.issn2214-6369
dc.identifier.scopus2-s2.0-84994589330en_US
dc.identifier.scopusqualityQ1
dc.identifier.startpage101en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12469/419
dc.identifier.urihttps://doi.org/10.1016/j.jbef.2016.10.001
dc.identifier.volume12en_US
dc.identifier.wosWOS:000391020600009en_US
dc.institutionauthorKiymaz, Halilen_US
dc.institutionauthorKiymaz, Halil
dc.institutionauthorAkkemik, K. Alien_US
dc.institutionauthorAkkemik, Küçük Ali
dc.institutionauthorÖztürkkal, Ayşe Belma
dc.language.isoenen_US
dc.publisherElsevier Science Bven_US
dc.relation.journalJournal of Behavioral and Experimental Financeen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectBehavioral Biasesen_US
dc.subjectRisken_US
dc.subjectEquityen_US
dc.subjectFinancial Literacyen_US
dc.subjectInvestoren_US
dc.titleBehavioral Biases of Finance Professionals: Turkish Evidenceen_US
dc.typeArticleen_US
dspace.entity.typePublication
relation.isAuthorOfPublication52ed578c-40be-4a75-a470-13ff36711254
relation.isAuthorOfPublication00ee527c-826b-41c4-b882-07428df14512
relation.isAuthorOfPublication4305087b-4178-478d-8846-9b1a77e8bfbe
relation.isAuthorOfPublication.latestForDiscovery52ed578c-40be-4a75-a470-13ff36711254

Files

Original bundle

Now showing 1 - 1 of 1
Loading...
Thumbnail Image
Name:
Behavioral Biases Of Finance Professionals Turkish Evidence.pdf
Size:
470.54 KB
Format:
Adobe Portable Document Format
Description: