Analysis of Disposition Effect on Moscow Exchange

Student: Novikova Anastasiia

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Year of Graduation: 2017

The study is aimed at determining the presence and the significance of the disposition effect and evidence for the tax-loss selling hypothesis on the Moscow Exchange on the data from December 2014 to January 2017. The analysis showed the presence of disposition effect for several months and indicated the confirmation of the tax-loss selling hypothesis for the trading days of December.

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