IN THE CONTEXT OF BEHAVIORAL FINANCE, DO INVESTOR CHARACTERISTICS AFFECT STOCK HOLDING PERIOD? Cover Image

IN THE CONTEXT OF BEHAVIORAL FINANCE, DO INVESTOR CHARACTERISTICS AFFECT STOCK HOLDING PERIOD?
IN THE CONTEXT OF BEHAVIORAL FINANCE, DO INVESTOR CHARACTERISTICS AFFECT STOCK HOLDING PERIOD?

Author(s): Abdulmuttalip Pilatin
Subject(s): Business Economy / Management, Financial Markets, Socio-Economic Research
Published by: Kafkas Üniversitesi Sağlık, Kültür ve Spor Daire Başkanlığı Dijital Baskı Merkezi
Keywords: Stock market; holding period; ınvestment; logit model; behavioral finance;

Summary/Abstract: The aim of this study is to determine whether the holding period of stocks varies according to the socioeconomic characteristics of the investors. According to the logit model results, it has been determined that there is a significant relationship between the variables of BIST investors' occupation, the type of asset most invested in, the number of years invested in stocks, the annual stock investment amount and the variables of following the market every day and the period of holding the stock. The results reveal that those who invest in foreign currency are 0,172 times less likely to hold their stocks than those who have invested in shares and in terms of the time it takes to start investing in stocks, those who have invested for 1 to 3 years are 1,72 times more likely to hold the stock than those who have invested for less than 1 year. It shows that those who have invested for 3 to 6 years are 2.5 times more likely to hold the stock than those who have invested for less than 1 year.

  • Issue Year: 13/2022
  • Issue No: 25
  • Page Range: 244-266
  • Page Count: 23
  • Language: English
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