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investment behaviour: overconfidence, risk tolerance, self-monitoring and social influence. Adopting this approach, a cluster …
Persistent link: https://www.econbiz.de/10010668762
To assess if risk attitudes play a role in individual investors' reactions to adverse events in financial markets, members of a university community (N = 102) were administered a risk tolerance instrument. Additional survey items asked about financial, emotional and behavioural effects of the...
Persistent link: https://www.econbiz.de/10010668760
inefficient in good times. This article explains why some psychological phenomena such as wishful thinking, overconfidence and the …
Persistent link: https://www.econbiz.de/10010668763
methodology, participants are classified into three groups based on their score of overconfidence: moderate, more overconfident … further, that this led to losses, except when the majority of all market players suffered from overconfidence due to bad news. …
Persistent link: https://www.econbiz.de/10010668769
The main objective of this study is to determine whether the effects of overconfidence bias and the disposition effect … biases on the transaction volume. The effects of overconfidence bias will be examined in the interaction of stock returns and … overconfidence bias. However, distinguishing the effects of overconfidence from the disposition effect is achieved in a more robust …
Persistent link: https://www.econbiz.de/10010816479
overconfidence. …
Persistent link: https://www.econbiz.de/10010816489
This paper represents one of the first studies to document an empirical relation between market sentiment and capital structure in the USA. In a sample of US firms we find that market sentiment as proxied by the University of Michigan Consumer Sentiment Index is pervasive and significant in...
Persistent link: https://www.econbiz.de/10008755519
Behavioural corporate finance (BCF) examines the effects of managerial and investor psychological biases on a firm's corporate finance decisions (such as investment appraisal and capital structure). In contrast to the well-developed research in behavioural finance (which examines the effects of...
Persistent link: https://www.econbiz.de/10008755520