IDEAS home Printed from https://ideas.repec.org/a/eee/finlet/v58y2023ipas1544612323004026.html
   My bibliography  Save this article

Regret sensitivity and stock certificate loss reporting: Evidence from Taiwan

Author

Listed:
  • Yang, Ann Shawing

Abstract

We study the effect of regret on decision-making through stock certificate loss reporting. We adopt the quantile regression method and use regret theory for the study period 2008–2021. Qualified foreign institutional investors show decreasing buy- and sell-side regret from low to high quantiles contrary to dealers. Investment trust companies show sell-side regret at high quantiles. Investor name identification exerts the most negative regret between 0.9% and 1.6% from low to high quantiles, followed by Thursdays’ loss reporting and southern-based companies. The non-disclosure of lost stocks volumes exerts the most positive regret between 0.4% and 1.9% in low- and mid-quantiles.

Suggested Citation

  • Yang, Ann Shawing, 2023. "Regret sensitivity and stock certificate loss reporting: Evidence from Taiwan," Finance Research Letters, Elsevier, vol. 58(PA).
    • Handle: RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323004026
    DOI: 10.1016/j.frl.2023.104030
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1544612323004026
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.frl.2023.104030?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Stock certificate lost reporting; Regret sensitivity; Regret theory; Quantile regression method;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G41 - Financial Economics - - Behavioral Finance - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:finlet:v:58:y:2023:i:pa:s1544612323004026. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/frl .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.