Review of Behavioral Finance: Volume 15 Issue 3

Guest editorial: Special issue based on papers presented at the Behavioural Finance Working Group Conference in June 2021

Robert Hudson

Predatory trading: ethics judgments, legality judgments and investment intentions

Daphne Sobolev, James Clunie

Predatory trading is a stock market trading technique in which certain market participants exploit information about other market participants' need to trade. Predatory trading…

Judgments of ethically questionable financial practices: a new perspective

Daphne Sobolev, James Clunie

Research has suggested that ethics judgments should be made from an impartial perspective. However, people are often partial about their money. This study aims to investigate the…

Can downside-risk measures help to explain the reluctance of households to invest in XTFs? An empirical study using the SHS-base

Hans Philipp Wanger, Andreas Oehler

The purpose of this paper is to investigate whether downside-risk measures help to explain why households largely refrain from investing in Exchange Traded Funds that replicate…

The impact sporting and financial performance of football clubs on their stock price: an analytical study of European clubs sample listed in the financial market

Nazar Habeeb Abbas

The purpose of this research is to determine the nature of the relationship between sporting, financial performance and a stock price of football clubs by adopting the quarterly…

A new behavioral finance mean variance framework

Todd Feldman, Shuming Liu

The author proposes an update to the mean variance (MV) framework that replaces a constant risk aversion parameter using a dynamic risk aversion indicator. The contribution to the…

Competitive advantage in algorithmic trading: a behavioral innovation economics approach

Ricky Cooper, Wendy L. Currie, Jonathan J.M. Seddon, Ben Van Vliet

This paper investigates the strategic behavior of algorithmic trading firms from an innovation economics perspective. The authors seek to uncover the sources of competitive…

Does competition in product markets affect the value of analyst coverage? Evidence from an emerging market

Omar Farooq, Fatimazahra Bendriouch, Harit Satt, Saad Archane

This paper aims to document the impact of product market competition on the value of analyst coverage.

Can personality traits influence Brazilian university students' financial literacy?

Marco Antonio de Oliveira Vieira Goulart, Newton Carneiro Affonso da Costa Jr, Ana Luiza Paraboni, Mônica Maria Mendes Luna

The objective of the present study is to assess the financial literacy levels of students at a Brazilian university and investigate how these levels are affected by profile…