{"id":"https://openalex.org/W3180675434","doi":"https://doi.org/10.1111/eufm.12329","title":"Investment transparency and the disposition effect","display_name":"Investment transparency and the disposition effect","publication_year":2021,"publication_date":"2021-07-12","ids":{"openalex":"https://openalex.org/W3180675434","doi":"https://doi.org/10.1111/eufm.12329","mag":"3180675434"},"language":"en","primary_location":{"id":"doi:10.1111/eufm.12329","doi":"https://doi.org/10.1111/eufm.12329","is_oa":false,"landing_page_url":"https://doi.org/10.1111/eufm.12329","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://www.research.ed.ac.uk/en/publications/518a3799-4bfb-46d2-80be-f7f5eaf27f09","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5006280108","display_name":"Jo Danbolt","orcid":"https://orcid.org/0000-0002-6572-5753","observed_orcids":["https://orcid.org/0000-0002-6572-5753"]},"institutions":[{"id":"https://openalex.org/I98677209","display_name":"University of Edinburgh","ror":"https://ror.org/01nrxwf90","country_code":"GB","type":"education","lineage":["https://openalex.org/I98677209"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Jo Danbolt","raw_affiliation_strings":["University of Edinburgh Business School, Edinburgh, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"University of Edinburgh Business School, Edinburgh, UK","institution_ids":["https://openalex.org/I98677209"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5045980074","display_name":"Arman Eshraghi","orcid":"https://orcid.org/0000-0002-7406-1725","observed_orcids":["https://orcid.org/0000-0002-7406-1725"]},"institutions":[{"id":"https://openalex.org/I79510175","display_name":"Cardiff University","ror":"https://ror.org/03kk7td41","country_code":"GB","type":"education","lineage":["https://openalex.org/I79510175"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Arman Eshraghi","raw_affiliation_strings":["Cardiff Business School, Cardiff, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Cardiff Business School, Cardiff, UK","institution_ids":["https://openalex.org/I79510175"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5076541982","display_name":"Marcel Lukas","orcid":"https://orcid.org/0000-0001-7515-8062","observed_orcids":["https://orcid.org/0000-0001-7515-8062"]},"institutions":[{"id":"https://openalex.org/I16835326","display_name":"University of St Andrews","ror":"https://ror.org/02wn5qz54","country_code":"GB","type":"education","lineage":["https://openalex.org/I16835326"]}],"countries":["GB"],"is_corresponding":true,"raw_author_name":"Marcel Lukas","raw_affiliation_strings":["School of Management, University of St Andrews, Fife, UK"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, University of St Andrews, Fife, UK","institution_ids":["https://openalex.org/I16835326"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5076541982"],"corresponding_institution_ids":["https://openalex.org/I16835326"],"apc_list":{"value":2800,"currency":"USD","value_usd":2800},"apc_paid":null,"fwci":2.2804,"has_fulltext":true,"cited_by_count":20,"citation_normalized_percentile":{"value":0.89641723,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"28","issue":"3","first_page":"834","last_page":"865"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9854000210762024,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9854000210762024,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.011599999852478504,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/disposition-effect","display_name":"disposition effect","score":0.9990000128746033},{"id":"https://openalex.org/keywords/investment-transparency","display_name":"investment transparency","score":0.925000011920929},{"id":"https://openalex.org/keywords/trading-behavior","display_name":"trading behavior","score":0.5740000009536743},{"id":"https://openalex.org/keywords/social-trading","display_name":"social trading","score":0.703000009059906},{"id":"https://openalex.org/keywords/public-information","display_name":"public information","score":0.3370000123977661},{"id":"https://openalex.org/keywords/fund-managers","display_name":"fund managers","score":0.8230000138282776},{"id":"https://openalex.org/keywords/fintech-platforms","display_name":"fintech platforms","score":0.49799999594688416},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.4749999940395355}],"concepts":[{"id":"https://openalex.org/C63134877","wikidata":"https://www.wikidata.org/wiki/Q1229229","display_name":"Disposition effect","level":3,"score":0.867637038230896},{"id":"https://openalex.org/C2780233690","wikidata":"https://www.wikidata.org/wiki/Q535347","display_name":"Transparency (behavior)","level":2,"score":0.8636130690574646},{"id":"https://openalex.org/C38022665","wikidata":"https://www.wikidata.org/wiki/Q1149305","display_name":"Disposition","level":2,"score":0.7311686277389526},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5761472582817078},{"id":"https://openalex.org/C2780719617","wikidata":"https://www.wikidata.org/wiki/Q1030752","display_name":"Salient","level":2,"score":0.5751819014549255},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.5478975772857666},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.407852441072464},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.3428572714328766},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32816579937934875},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.24047419428825378},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.08515280485153198},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0}],"mesh":[],"locations_count":5,"locations":[{"id":"doi:10.1111/eufm.12329","doi":"https://doi.org/10.1111/eufm.12329","is_oa":false,"landing_page_url":"https://doi.org/10.1111/eufm.12329","pdf_url":null,"source":{"id":"https://openalex.org/S131852005","display_name":"European Financial Management","issn_l":"1354-7798","issn":["1354-7798","1468-036X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","fnege-3","jufo-2","norway-1","poland-100","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"European Financial Management","raw_type":"journal-article"},{"id":"pmh:oai:http://orca.cardiff.ac.uk:142428","doi":null,"is_oa":false,"landing_page_url":"https://orca.cardiff.ac.uk/id/eprint/142428/1/MS200659-R2%20Transparency%20Salience%20and%20Investment%20Decisions%20-%20full%20paper.pdf","pdf_url":"https://orca.cardiff.ac.uk/id/eprint/142428/1/MS200659-R2%20Transparency%20Salience%20and%20Investment%20Decisions%20-%20full%20paper.pdf","source":{"id":"https://openalex.org/S4306401195","display_name":"ORCA Online Research @Cardiff (Cardiff University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79510175","host_organization_name":"Cardiff University","host_organization_lineage":["https://openalex.org/I79510175"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":"","raw_type":"Article"},{"id":"pmh:oai:https://orca.cardiff.ac.uk:142428","doi":null,"is_oa":false,"landing_page_url":"https://orca.cardiff.ac.uk/id/eprint/142428/1/MS200659-R2%20Transparency%20Salience%20and%20Investment%20Decisions%20-%20full%20paper.pdf","pdf_url":"https://orca.cardiff.ac.uk/id/eprint/142428/1/MS200659-R2%20Transparency%20Salience%20and%20Investment%20Decisions%20-%20full%20paper.pdf","source":{"id":"https://openalex.org/S4306401195","display_name":"ORCA Online Research @Cardiff (Cardiff University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I79510175","host_organization_name":"Cardiff University","host_organization_lineage":["https://openalex.org/I79510175"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Article"},{"id":"pmh:oai:research-repository.st-andrews.ac.uk:10023/28059","doi":null,"is_oa":false,"landing_page_url":"https://hdl.handle.net/10023/28059","pdf_url":null,"source":{"id":"https://openalex.org/S4306400230","display_name":"St Andrews Research Repository (St Andrews Research Repository)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I16835326","host_organization_name":"University of St Andrews","host_organization_lineage":["https://openalex.org/I16835326"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"Journal article"},{"id":"pmh:oai:pure.ed.ac.uk:openaire/518a3799-4bfb-46d2-80be-f7f5eaf27f09","doi":null,"is_oa":true,"landing_page_url":"https://www.research.ed.ac.uk/en/publications/518a3799-4bfb-46d2-80be-f7f5eaf27f09","pdf_url":null,"source":{"id":"https://openalex.org/S4306400321","display_name":"Edinburgh Research Explorer (University of Edinburgh)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I98677209","host_organization_name":"University of Edinburgh","host_organization_lineage":["https://openalex.org/I98677209"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Danbolt, J, Eshraghi, A & Lukas, M 2022, 'Investment transparency and the disposition effect', European Financial Management, vol. 28, no. 3, pp. 834-865. https://doi.org/10.1111/eufm.12329","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"pmh:oai:pure.ed.ac.uk:openaire/518a3799-4bfb-46d2-80be-f7f5eaf27f09","doi":null,"is_oa":true,"landing_page_url":"https://www.research.ed.ac.uk/en/publications/518a3799-4bfb-46d2-80be-f7f5eaf27f09","pdf_url":null,"source":{"id":"https://openalex.org/S4306400321","display_name":"Edinburgh Research Explorer (University of Edinburgh)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I98677209","host_organization_name":"University of Edinburgh","host_organization_lineage":["https://openalex.org/I98677209"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Danbolt, J, Eshraghi, A & Lukas, M 2022, 'Investment transparency and the disposition effect', European Financial Management, vol. 28, no. 3, pp. 834-865. https://doi.org/10.1111/eufm.12329","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":78,"referenced_works":["https://openalex.org/W180068945","https://openalex.org/W1484895754","https://openalex.org/W1506004506","https://openalex.org/W1566740384","https://openalex.org/W1980505859","https://openalex.org/W1984982865","https://openalex.org/W2046515269","https://openalex.org/W2046570092","https://openalex.org/W2056162038","https://openalex.org/W2080814686","https://openalex.org/W2085592542","https://openalex.org/W2096452841","https://openalex.org/W2097445390","https://openalex.org/W2106412046","https://openalex.org/W2110201750","https://openalex.org/W2117728121","https://openalex.org/W2123971950","https://openalex.org/W2133037631","https://openalex.org/W2133469585","https://openalex.org/W2143006761","https://openalex.org/W2147174665","https://openalex.org/W2149988534","https://openalex.org/W2152657732","https://openalex.org/W2157323155","https://openalex.org/W2162439131","https://openalex.org/W2163294447","https://openalex.org/W2284344282","https://openalex.org/W2301414965","https://openalex.org/W2317574555","https://openalex.org/W2345765830","https://openalex.org/W2555772173","https://openalex.org/W2712733770","https://openalex.org/W2740562689","https://openalex.org/W2751838514","https://openalex.org/W2788855014","https://openalex.org/W2798209156","https://openalex.org/W2800683396","https://openalex.org/W2805447852","https://openalex.org/W2806483620","https://openalex.org/W2889500109","https://openalex.org/W2897206937","https://openalex.org/W2910998165","https://openalex.org/W2940312295","https://openalex.org/W2944122055","https://openalex.org/W2946791729","https://openalex.org/W2952546395","https://openalex.org/W2955667606","https://openalex.org/W2985326275","https://openalex.org/W2995917374","https://openalex.org/W2997960800","https://openalex.org/W3003734412","https://openalex.org/W3011865677","https://openalex.org/W3024643960","https://openalex.org/W3121210421","https://openalex.org/W3122200460","https://openalex.org/W3122555474","https://openalex.org/W3122890729","https://openalex.org/W3123128042","https://openalex.org/W3123318885","https://openalex.org/W3123379013","https://openalex.org/W3123426009","https://openalex.org/W3123500821","https://openalex.org/W3123550059","https://openalex.org/W3124141057","https://openalex.org/W3124359765","https://openalex.org/W3124408024","https://openalex.org/W3124521043","https://openalex.org/W3125230919","https://openalex.org/W3125325011","https://openalex.org/W3125388642","https://openalex.org/W3125407596","https://openalex.org/W3126017755","https://openalex.org/W3130368439","https://openalex.org/W3133934385","https://openalex.org/W4239803191","https://openalex.org/W4247984821","https://openalex.org/W4253738980","https://openalex.org/W4300107936"],"related_works":["https://openalex.org/W2618741878","https://openalex.org/W3028875903","https://openalex.org/W2758156222","https://openalex.org/W4415240284","https://openalex.org/W2562569412","https://openalex.org/W7166862040","https://openalex.org/W2137018945","https://openalex.org/W87651405","https://openalex.org/W7127862956","https://openalex.org/W4286621599"],"abstract_inverted_index":{"Abstract":[0],"The":[1,41],"disposition":[2,42],"effect":[3,43],"is":[4,65],"lower":[5],"in":[6,30],"a":[7,20],"trading":[8,31,69,83],"environment":[9],"with":[10],"salient":[11],"information":[12,64],"on":[13],"current":[14],"holdings.":[15],"Using":[16],"proprietary":[17],"data":[18],"from":[19,78],"European":[21],"fintech":[22],"platform":[23],"for":[24],"social":[25],"trading,":[26],"we":[27],"analyze":[28],"variation":[29],"behavior":[32],"within":[33],"and":[34,37,50,60],"between":[35],"private":[36],"publicly":[38],"visible":[39],"portfolios.":[40],"diminishes":[44],"by":[45],"about":[46],"35%":[47],"when":[48],"trades":[49],"holdings":[51],"become":[52],"public.":[53],"We":[54],"find":[55],"the":[56,61],"level":[57],"of":[58],"transparency":[59,77],"way":[62],"financial":[63],"illustrated":[66],"can":[67,81],"influence":[68],"decisions.":[70],"Our":[71],"results":[72],"suggests":[73],"that":[74],"requiring":[75],"greater":[76],"portfolio":[79],"managers":[80],"reduce":[82],"bias.":[84]},"counts_by_year":[{"year":2026,"cited_by_count":4},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":1}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2021-07-19T00:00:00"}