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2012 (Vol. 4, Issue: 21)
Article Information:

The Investigation of Status Quo Bias Existance in Listed Investment Companies in Tehran Stock Exchange

Mahmood Yahyazadehfar, Shahabeddin Shams, Khorshid Forughinia and Katayoun Alimardani
Corresponding Author:  Khorshid Forughinia 

Key words:  Behavioral finance, status quo bias, flow, investment companies, , ,
Vol. 4 , (21): 4358-4361
Submitted Accepted Published
March 31, 2012 April 17, 2012 November 01, 2012
Abstract:

The purpose of this study is investigating the Status Quo Bias (SQB) from suggested biases in behavioral finance. People who are subject to a SQB tend to choose an alternative that was chosen previously (i.e., their status quo) even if it is not the optimal choice any more. Status quo bias existence was investigated in this study using Ruenzi and Kempf (2005) model among investment companies listed in Tehran's Stock Exchange during 2003-2010. The data is collected quarterly from investment companies. Also, Stata10.0 software package is used for statistical analysis. The result shows the existence of a SQB is not found in Tehran Stock Exchange.
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  Cite this Reference:
Mahmood Yahyazadehfar, Shahabeddin Shams, Khorshid Forughinia and Katayoun Alimardani, 2012. The Investigation of Status Quo Bias Existance in Listed Investment Companies in Tehran Stock Exchange.  Research Journal of Applied Sciences, Engineering and Technology, 4(21): 4358-4361.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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