"Behavioral finance helps investors understand unusual asset prices and empirical observations originating out of capital markets. At its core, this field of study aids investors navigating complex psychological trappings in market behavior and making smarter investment decisions. Behavioral...

The first essay presents new empirical findings which are inconsistent with prominent theories on the investment premium. The investment premium is the positive stock return difierential between firms with low and high asset growth. Asset growth is the annual percentage change in total assets...