A bibliometric analysis of the disposition effect: Origins and future research avenues

Gutiérrez-Nieto, Begoña (Universidad de Zaragoza) ; Ortiz, Cristina (Universidad de Zaragoza) ; Vicente, Luis (Universidad de Zaragoza)

Resumen: This paper develops a comprehensive bibliometric analysis of a well-known bias in behavioral finance: the disposition effect. Since the term was coined in 1985, the tendency for investors to sell winners too soon and hold losers in the portfolio has been amply studied. Based on data from Web of Science and the tool VOSviewer, we obtain a complete picture of the evolution of the research on the disposition effect from citation and co-citation perspectives. The research topic has intensely increased the number of publications during the last years, and we also analyze the evolution of the lines of research. The analysis includes the yearly impact factors of the journals analyzed to ensure that the quality of publications remains. A temporal overlay visualization map shows the most used terms through time to explore future venues; disposition effect seems to be less studied alone, whereas researchers try to find interrelations with other behavioral biases.

Idioma: Inglés

DOI: 10.1016/j.jbef.2022.100774

Año: 2023

Publicado en: Journal of Behavioral and Experimental Finance 37 (2023), 100774 [14 pp.]
ISSN: 2214-6350

Factor impacto JCR: 4.3 (2023)

Categ. JCR: ECONOMICS rank: 70 / 600 = 0.117 (2023) - Q1 - T1
Categ. JCR: BUSINESS, FINANCE rank: 33 / 233 = 0.142 (2023) - Q1 - T1

Factor impacto CITESCORE: 13.2 - Finance (Q1)

Factor impacto SCIMAGO: 0.958 - Finance (Q1)

Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-17R
Financiación: info:eu-repo/grantAgreement/ES/DGA/S38-20R
Financiación: info:eu-repo/grantAgreement/ES/MCINN/RTI2018-093483-B-I00
Financiación: info:eu-repo/grantAgreement/ES/MICINN/PID2019-107822RB-I00
Financiación: info:eu-repo/grantAgreement/ES/UZ/JIUZ-2021-SOC-03

Tipo y forma: Article (Published version)

Área (Departamento): Área Economía Finan. y Contab. (Dpto. Contabilidad y Finanzas)