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Article Information:
The Investigation of Status Quo Bias Existance in Listed Investment Companies in Tehran Stock Exchange
Mahmood Yahyazadehfar, Shahabeddin Shams, Khorshid Forughinia and Katayoun Alimardani
Corresponding Author: Khorshid Forughinia
Submitted: March 31, 2012
Accepted: April 17, 2012
Published: November 01, 2012 |
Abstract:
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The purpose of this study is investigating the Status Quo Bias (SQB) from suggested biases in
behavioral finance. People who are subject to a SQB tend to choose an alternative that was chosen previously
(i.e., their status quo) even if it is not the optimal choice any more. Status quo bias existence was investigated
in this study using Ruenzi and Kempf (2005) model among investment companies listed in Tehran's Stock
Exchange during 2003-2010. The data is collected quarterly from investment companies. Also, Stata10.0
software package is used for statistical analysis. The result shows the existence of a SQB is not found in Tehran
Stock Exchange.
Key words: Behavioral finance, status quo bias, flow, investment companies, , ,
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Cite this Reference:
Mahmood Yahyazadehfar, Shahabeddin Shams, Khorshid Forughinia and Katayoun Alimardani, . The Investigation of Status Quo Bias Existance in Listed Investment Companies in Tehran Stock Exchange. Research Journal of Applied Sciences, Engineering and Technology, (21): 4358-4361.
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ISSN (Online): 2040-7467
ISSN (Print): 2040-7459 |
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