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Sourav Prasad, Sabyasachi Mohapatra, Molla Ramizur Rahman and Amit Puniyani
The Investor Sentiment Index (ISI) is widely regarded as a useful measure to gauge the overall mood of the market. Investor panic may result in contagion, causing failure in financial markets. Market participants widely use the ISI indicator to understan...
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Benomar Ikram, Ben El Haj Fouad and Chelh Sara
This paper offers a comprehensive empirical overview of the impact of overconfidence in the stock market, thus contributing to the existing research literature on this topic. The study employs a bibliometric approach that utilizes the VOSviewer to extrac...
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Sini?a Bogdan, Natali Brmalj and Elvis Mujacevic
This research addresses the impact of individual investors on the cryptocurrency market, focusing specifically on the development of herd behavior. Although the phenomenon of herd behavior has been studied extensively in the stock market, it has received...
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Khaoula Benayad and Mohammed Rachid Aasri
This article examines the impact of overconfidence, optimism, risk aversion, mimicry and intuition biases on the investment decisions of Moroccan SMEs managers. The study was based on a sample of 133 SMEs managers, who were randomly selected to ensure th...
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Bruno Ferman,Maurício Silveira Lersch,Claudia Emiko Yoshinaga
Pág. 7 - 24
This article analyzes the portfolio allocation of investors in their employer's shares in order to verify whether it exists a version of home bias. Our sample comprises investors of a Brazilian broker. The proportion of allocation on the shares of their ...
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Pedro Luiz Albertin Bono Milan,William Eid Jr.
Pág. 1 - 10
This study sheds light on the investment portfolio?s decisions through behavioral insights. The study intends to identify personal characteristics that drive the level of diversification and lead investors to allocate resources in risky assets in an emer...
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Robson Costa Reis,Marcelo Cabus Klotzle,Antonio Carlos Figueiredo Pinto,Leonardo Lima Gomes
Pág. 479 - 522
This work has analyzed the performance of 31 behavioral mutual funds in the USA, Europe and Japan described in Santoni and Kelshiker (2010). Were observed the performances of the funds and their respective benchmarks in four indicators: the Sharpe index,...
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Marcelo Cabus Klotzle,Leonardo Lima Gomes,Luiz Eduardo Teixeira Brandão,Antonio Carlos Figueiredo Pinto
Pág. 395 - 416
Since the fifties, several measures have been developed in order to measure the performance of investments or choices involving uncertain outcomes. Much of these measures are based on Expected Utility Theory, but since the nineties a number of measures h...
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Elton Tizziani,Marcelo Cabus Klotzle,Walter Lee Ness Jr.,Luiz Felipe Motta
Pág. 383 - 416
The goal of this study is to test the disposition effect, the tendency of investors to sell winning investments too soon and hold losing investments too long, by analyzing all Brazilian equity fund portfolios from November 2003 to March 2008. The analysi...
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Lutfi Lutfi
The financial literature supports an increasing role for behavioral aspects of investment decision making. Among other factors, demographic factor may influence investors risk tolerance and investment preferences. This paper explores the relationship bet...
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Lucas Ayres B. de C. Barros,Alexandre di Miceli da Silveira
Pág. 293 - 335
This research examines the determinants of the capital structure of firms introducing a behavioral perspective that has received little attention in corporate finance literature. The following central hypothesis emerges from a set of recently developed t...
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Wlademir Ribeiro Prates,André Alves Portela Santos,Newton Carneiro Affonso da Costa Jr.
Pág. 351?383
Finance literature has shown evidence of a positive relationship between trading volume and stock returns. This relationship can be explained by the concept of overconfidence within the behavioral finance literature, which postulates that when positive r...
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Soleman Alsabban,Omar Alarfaj
Pág. 73 - 86
Theoretically, investors are considered to be rational decision makers in regards to trading in stock markets, however, some empirical studies have statistically discredited this believe. Evidence shows that investors seem to act irrationally in the fina...
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Mariem Talbi,Adel Boubaker,Saber Sebai
Pág. 387 - 407
The paper aims to test the existence of financial contagion between foreign stock markets of several emerging and developed countries during the U.S subprime crisis. It empirically attests for contagion through a DCC MGARCH (1.1) and an adjuste...
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Mustapha Chaffai,Imed Medhioub
Pág. 527 - 538
Behavioral finance attempts to give some explanations to the psychological and emotional factors involved in the stock market and that affect the behavior of investors and the market efficiency. In this paper we study the influence of these psychological...
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Ali Shaddady,Mohammed Alsaggaf
Pág. 106 - 117
Behavioral financing is an emerging science and a relatively new area for academic research, leveraging investors? irrational behavior. To a certain degree, most investment decisions are affected by investors? biases and expectations, which do not follow...
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Hany Fahmy
Pág. 169 - 184
The issue of market e¢ ciency attracted the attention of academicians since the existence of financial markets. Over time, two schools of thoughts were established: the efficient markets school and the behavioral finance school. Proponents of the former ...
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Loan Thi Vu, Dong Ngoc Pham, Hang Thu Kieu and Thuy Thi Thanh Pham
News on the stock market contains positive or negative sentiments depending on whether the information provided is favorable or unfavorable to the stock market. This study aims to discover news sentiments and classify news according to its sentiments wit...
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Yadav Devi Prasad Behera, Sudhansu Sekhar Nanda, Shibani Sharma and Tushar Ranjan Sahoo
The encouragement of potential investors who are emotionally broken by past losses and market experiences is crucial to the sustainable flow of funds to the stock market. This can be established by building a knowledge-creating mechanism among investors ...
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Vladislav Zhdanov and Artem Simonov
Purpose: This article analyzes the influence of familiarity bias on respondents? decision-making process, using results from online experiments. Design/methodology/approach: A total of 255 research participants from post-Soviet countries completed 510 on...
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