Notice of RetractionAn emprical research on disposition effect of institutional investors in China

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

The pervasiveness of disposition effect in the financial markets has caused so many of scholars to dip into studying it. The disposition effect has a great effect on the investment income and the stability of the market, which is the core of the economics. This paper selects 20 close-end funds and 30 open-end funds during 2005 and 2010 as the sample, and then establishes a statistic named “round trip duration” and analyzes the specific investment in stocks of each funds to analyze the disposition effect of institutional investors in China. We find that: both of the close-end funds and open-end funds have the disposition effect, and the disposition effect of the open-end funds is much more significant.