The prospect of capital obsolescence inhibits investment. Investors thus become more optimistic when the obsolescence of their capital slows down. We propose a model with no fixed costs of investment,
The replication package includes a Stata DO file and data files to replicate results reported in the article "Do Institutional Investors Process and Act Upon Information? Evidence from M&A Targets
Household ownership of shares in companies quoted on Swedish market places by sex, age, observations and two times per year Authority responsible for statistics (SAM): Finansinspektionen
Abstract This study investigates the disposition effect with regard to Brazilian investors, with focus on the year 2020. The database is composed by more than 12,000 trades by 274 investors. We follow