Benjamin Loos’s research while affiliated with Technical University of Munich and other places

... The speculation on the stock market by trading app users in combination with feedback loops on social media, has already resulted in at least one bubble event, related to the GameStop stock (Lawrence 2021). This event has already been analysed in detail (Kalda et al. 2021;Welch 2022). After the GameStop event, trading apps have been seen as detrimental to stock market stability, while other work has shown that institutional investors tended to exacerbate the crash during the Corona crisis by intensive selling. ...

Reference:

The effects of trading apps on investment behavior over time

... As can be observed from Table 4, CAR reports a significant positive coefficient which implies that the level of the bank's capitalization exerts a positive influence on the flow of depositors' funds to the banks. Most investors are generally, risk-averse which implies that their cash allocation decisions on banks may be affected by the CAR considering its implication on the stability of a bank which is consistent with the findings of prior studies (Laudenbach et al., 2021;He, 2022). In Table 4, the expenditure variable reports a significant negative coefficient which suggests that an increase in operational cost drives an adverse impact on the flow of depositors' funds to banks. ...

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Determinants of bank deposits under changing economic conditions in South Africa

... In order to fill this gap in the existing literature, this study intends to investigate the disposition effect in a frontier market like Bangladesh, emphasizing its behavior across various market conditions. To the best of our knowledge, the disposition effect in boom and bust markets was only examined by Bernard et al. (2022) in the context of developed equity markets; however, it was not examined across different market conditions. In light of this research gap, the following research question is formulated: whether the disposition effect persists in the bull-bear trends of market conditions in the Bangladesh equity market, i.e., do investors intend to sell the stocks in a profitable position more promptly than the stocks in a losing position across market conditions? ...

Reference:

Does the Bangladesh Equity Market Expose to Disposition Effects Bias under Different Market Conditions?

... In the past, firm information, such as product quality, firm profits, or product announcements, was available from a limited range of sources (Chen et al., 2012), with infrequent updates (e.g., monthly or quarterly). In contrast, investors are now embedded in an environment where mobile apps enable constant access to social media information (Kalda et al., 2021), which investors share and rely on (Bradley et al., 2021) to infer a firm's prospects (Chen & Xie, 2008) and to make investment recommendations (Grennan & Michaely, 2021). Too much information available on social media, in turn, results in information overload, reducing the confidence and performance of decision makers (Jacoby, 1984;O'Reilly III, 1980) and increasing confusion (Eppler & Mengis, 2004). ...

Reference:

Old signals, new era: Reconsidering how customer satisfaction and employee satisfaction impact shareholder wealth

... This indicates that decisions made are affected by taxes. The research [43] studied the impact of taxation on the trading behavior of private investors. They concluded that taxes have a major impact on the decision-making of traders. ...

Reference:

Does the Disposition Effect Justify the Options Traders’ Irrationality?

... Aydin (2019), Ganong & Noel (2019), Andersen et al. (2020b)) as well as solely online banks (eg. Loos et al. (2020), Baker et al. (2021), D'Acunto et al. (2019) to gain access to anonymized transaction-level data from their customers. Most banks offer a wide range of services to customers such as savings and checking accounts, debit and credit cards, and mortgages and other lending facilities. ...

Reference:

Household Financial Transaction Data

... This happens for the reason that they are losing indifferently and want to produce principal advances rapidly (Lin 2011). The proposition of disposition effect depends upon investment styles and market cycles (Bernard et al. 2018). The presence of the disposition effect helps the speculative investors in speculation activities (Summers and Duxbury 2012). ...

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Do Behavioral Biases Affect Investors’ Investment Decision Making? Evidence from the Pakistani Equity Market

... Our research also relates to the literature on how personal experience affects investment decisions, which helps explain differences in portfolio compositions. Personal investment experience (Andersen et al., 2019;Chiang et al., 2011;Choi et al., 2009;Kaustia & Knüpfer, 2008) and general economic circumstances (Knüpfer et al., 2017;Laudenbach et al., 2017;Malmendier & Nagel, 2011) both affect individual investment decisions. Recently, Andersen et al. (2019) provided evidence that stock investors who suffered losses from defaults during the financial crises subsequently changed their risktaking behavior. ...

Reference:

Are sustainability-oriented investors different? Evidence from equity crowdfunding

... The positive effect is expected based on the belief that investors accumulate knowledge and skills over time, hence, are less prone to overconfidence bias as they become more experienced in investing (Dhar & Zhu, 2006;Feng & Seasholes, 2005;List, 2011;Nicolosi et al., 2009). Supporting this prediction, Gervais & Odean (2001), Koestner et al. (2017) and Menkhoff et al. (2013) find that overconfidence bias declines with the experience. On the contrary, Bhandari & Deaves (2006), Deaves et al. (2010), Glaser & Weber (2007), Kirchler & Maciejovsky (2002), Mishra & Metilda (2015) and Xiao (2015) reveal that the investors who are more experienced, are prone to overconfidence bias to a greater extent. ...

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Mitigating Investor Overconfidence: Insights from Behavioral Finance with Reference to the Colombo Stock Exchange

... Ben-David et al. [16] Tse [125] Ben-David et al. [18] Bhattacharya et al. [19] Broman [23] Sherrill et al. [115] Lettau and Madhavan [80] Caginalp et al. [26] Brown et al. [25] Hsu et al. [59] Ackert and Tian [2] Fiordelisi [46] Broman and Shum [24] Kwon [74] Bhojraj et al. [20] Pornpikul and Nettayanun [105] Investment Company Institute [60] Long [90] Krause et al. [71] Valadkhani [126] Cluster 1 is associated with the traditional topics associated with the ETFs concerning the operational and demographic aspects of ETFs and covers important parameters of pricing, volatility, investment demographics, and liquidity. ...

Reference:

Exchange-traded funds and the future of passive investments: a bibliometric review and future research agenda