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Overconfidence, Risk Aversion and Individual Financial Decisions in Experimental Asset Markets
Michailova, Julija - Volkswirtschaftliche Fakultät, … - 2010
We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … their pre-experimental overconfidence scores, were assigned to the two types of markets: least overconfident subjects formed … trading activity were overconfidence dependent only for female participants. Mistakes in price forecasting, that are …
Persistent link: https://www.econbiz.de/10011266111
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Overconfidence and bubbles in experimental asset markets
Michailova, Julija; Schmidt, Ulrich - Volkswirtschaftliche Fakultät, … - 2011
This paper investigates the relationship between market overconfidence and occurrence of stock-price bubbles. Sixty … participants traded stocks in ten experimental asset markets. Markets were constructed on the basis of subjects’ overconfidence …: The most overconfident subjects form high overconfidence markets, and the least overconfident subjects low overconfidence …
Persistent link: https://www.econbiz.de/10011266117
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Entry into Winner-Take-All and Proportional-Prize Contests: An Experimental Study
Cason, Timothy; Masters, William; Sheremeta, Roman - Volkswirtschaftliche Fakultät, … - 2010
This experiment compares the performance of two contest designs: a standard winner-take-all tournament with a single fixed prize, and a novel proportional-payment design in which that same prize is divided among contestants by their share of total achievement. We find that proportional prizes...
Persistent link: https://www.econbiz.de/10011113211
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Extending the managerial power theory of executive pay: A cross national test
Otten, Jordan J.A.; Heugens, Pursey P.M.A.R - Volkswirtschaftliche Fakultät, … - 2007
Contextual factors are typically neglected in both theorizing and empirical tests on executive pay. The fast majority of empirical investigations use data from U.S. based firms. Theoretical implications are typically developed, understood and tested on the basis of the U.S. context. However, the...
Persistent link: https://www.econbiz.de/10005621578
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Analyzing new profit opportunities: a guide to making business projects financially successful
Winther, K. Tobias - Volkswirtschaftliche Fakultät, … - 2008
This book presents a simple, yet very powerful, conceptual framework, which can be used to estimate market sizes, prices and their interdependency for new products based on historical market data for existing products in related areas. Even in situations where insufficient data is available the...
Persistent link: https://www.econbiz.de/10005789447
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Regulations, competition and bank risk-taking in transition countries
Agoraki, Maria-Eleni; Delis, Manthos D; Pasiouras, Fotios - Volkswirtschaftliche Fakultät, … - 2009
This study investigates whether regulations have an independent effect on bank risk-taking or whether their effect is channeled through the market power possessed by banks. Given a well-established set of theoretical priors, the regulations considered are capital requirements, restrictions on...
Persistent link: https://www.econbiz.de/10005087503
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Charter Value and Risk-taking: Evidence from Indian Banks
Saibal, Ghosh - Volkswirtschaftliche Fakultät, … - 2009
The article examines the determinants of banks’ charter value and its disciplining effect on bank risk-taking since the mid-1990s. The analysis indicates that deposit and loan market concentration exert a significant effect on charter value, suggestive of a strong link between competition and...
Persistent link: https://www.econbiz.de/10008497675
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Capital standards and banking stability in emerging countries: an empirical approach
Saadaoui, Zied - Volkswirtschaftliche Fakultät, … - 2008
Several emerging countries’ jurisdictions are going to implement Basel II prudential directives. For this reason, it is interesting to ask if capital regulation effectively contributed to strengthen banks operating in emerging markets. Throughout this paper we will attempt to give an answer to...
Persistent link: https://www.econbiz.de/10008681017
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Risk Taking Behavior and Capital Adequacy in a Mixed Banking System: New Evidence from Malaysia using Dynamic OLS and Two-step Dynamic System GMM Estimators
Abdul Wahab, Hishamuddin; Rosly, Saiful Azhar; Masih, … - Volkswirtschaftliche Fakultät, … - 2014
above regulatory capital requirement) might have opened up more space for bank managers to taking risky positions while … relationship between RWA and CAR suggests that the way the managers of Islamic banks behave towards risky assets follows the …
Persistent link: https://www.econbiz.de/10011107480
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Large shareholders and firm risk-taking behavior
Boubaker, Sabri; Nguyen, Pascal; Rouatbi, Wael - Volkswirtschaftliche Fakultät, … - 2012
We investigate whether multiple large shareholders (MLS) affect corporate risk-taking. Using hand-collected data on French publicly-listed companies over the period 2003-2007, we show that the presence, number and voting power of MLS, other than the largest controlling shareholder (LCS), are...
Persistent link: https://www.econbiz.de/10011258526