ÜÇ FARKLI DAVRANIŞSAL FİNANS MODELİNİN BİREYSEL YATIRIMCI GETİRİLERİ ÜZERİNE ETKİSİ: BORSA İSTANBUL ÖRNEĞİ
Author :
Abstract
Bu araştırma ile davranışsal finansın üç önemli modelinde yer alan davranış özelliklerinin, bireysel yatırımcıların getirilerine etki edip etmediği ölçülecektir. Davranışsal finans menkul kıymet piyasaların da işlem yapan bireysel yatırımcıların tamamının rasyonel davranmadığını iddia etmektedir. İrrasyonel davranan bireysel yatırımcılar hem menkul kıymet piyasasını hem de kendi getirilerini olumsuz yönde etkilemektedirler. Bu çalışmanın amacı, Borsa İstanbul’da işlem yapan bireysel yatırımcıların, davranışsal finansın üç önemli modelinde yer alan ön yargıların elde ettikleri getiriler üzerinde etkilerinin olup olmadığını lojistik regresyon yöntemi yardımı ile gözler önüne sermektir.
Keywords
Abstract
This investigation tries to measure whether three important models related with behavioral finance possess effects on investor’s return. Behavioral finance claims that whole individual investors are not rational investors. Furthermore, irrational investors leads to negative effects on stock market and their returns. The main goal of this study is to state whether individual investor’s biases coming from three important models of behavioral finance have effects on investor’s returns via logistic regression method.
Keywords
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