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Patterns of behavior of professionally managed and independent investors
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“It could be shown that professionally-managed portfolios are better diversified (Bluethgen et al. 2008;Gerhardt and Hackethal 2009) and exhibit weaker disposition effects (Shapira and Venezia 2001) than portfolios of self-directed retail investors.”
From Financial literacy, financial advice, and financial behavior (2017) · cites this paper as Shapira and Venezia 2001
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Metadata
- Authors
- Shapira, Z., & Venezia, I.
- Affiliations
- New York University (US)
- University of Southern California (US)
- Corresponding author
- Venezia, Itzhak
- ORCID
- Venezia, Itzhak
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 2001-08
- Volume
- 25
- Issue
- 8
- Pages
- 1573-1587
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W3121422576
- Cited by
- 699
- References
- 41
- Citations by year
- 2026: 10 · 2025: 17 · 2024: 52 · 2023: 28 · 2022: 21 · 2021: 25 · 2020: 25 · 2019: 34 · 2018: 44 · 2017: 23 · 2016: 31 · 2015: 33 · 2014: 29 · 2013: 23 · 2012: 47
- FWCI
- 22.14
- Type
- journal article
- Language
- en
- Open access
- green
- doi.org
- Locations
- Journal of Banking & Finance (publishedVersion)
- SSRN Electronic Journal (acceptedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
- Keywords
- disposition effect, investor behavior, trading frequency, trading volume, trading profitability, portfolio diversification, round trips, brokerage accounts
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