Review of Behavioral Finance: Volume 11 Issue 2

Financing and signaling decisions under asymmetric information: an experimental study

Angelina Christie, Daniel Houser

The purpose of this paper is to test whether underpricing can serve as a signal of quality in a financing-investment environment and to compare it under the two institutions for…

Behavioral biases in pension fund trustees’ decision making

Leonardo Weiss-Cohen, Peter Ayton, Iain Clacher, Volker Thoma

Behavioral finance research has almost exclusively investigated the decision making of lay individuals, mostly ignoring more sophisticated institutional investors. The purpose of…

Disposition effect and multi-asset market dynamics

Heba M. Ezzat

Asset pricing dynamics in a multi-asset framework when investors’ trading exhibits the disposition effect is studied. The purpose of this paper is to explore asset pricing…

Earnings forecast revisions and securities prices evolution in the Tunisian stock market

Ahmed Bouteska, Boutheina Regaieg

The purpose of this paper is to investigate the effect of forecast earnings’ revision on the evolution of securities prices in the Tunisian stock market.

Propensity toward indebtedness: evidence from Malaysia

Nurul Azma, Mahfuzur Rahman, Adewale Abideen Adeyemi, Muhammad Khalilur Rahman

The purpose of this paper is to develop a model for studying the propensity towards indebtedness in Malaysia using behavioural factors.

Elucidating investors rationality and behavioural biases in Indian stock market

Venkata Narasimha Chary Mushinada, Venkata Subrahmanya Sarma Veluri

The purpose of this paper is to empirically test the relationship between investors’ rationality and behavioural biases like self-attribution, overconfidence.

Asset pricing when trading is for entertainment

Jiang Luo, Avanidhar Subrahmanyam

High levels of turnover in financial markets are consistent with the notion that trading, like gambling, yields direct utility to some agents. The purpose of this paper is to show…