• The disposition effect and the relevance of the reference period : evidence among sophisticated investors 

      Sarmiento Sabogal, Julio Alejandro; Rendón, Jairo Andrés; Sandoval, Juan S.; Cayón Fallon, Edgardo (Elsevier BV, 2019-12)
      The Disposition Effect (DE) describes the disposition of selling winners too early and of keeping losers for too long. Conventionally the DE is measure using trades and the average purchase price. Being more rigorous with ...
    • How institutional development news moves an emerging market 

      Guzmán Vásquez, Alexander; Mehrotra, Vikas; Morck, Randall; Trujillo Dávila , María Andrea (Elsevier Inc., 2020-05)
      Major moves in Colombia’s stock market in the 2000s correspond to major news of progress or setbacks in rebuilding the country’s institutions, shattered by widespread guerrilla insurgencies in the 1990s. This contrasts ...