This paper investigates the effects of managerial myopia on investment behaviors in China. We construct a new indicator to measure managerial myopia by text analysis and machine learning methods based on the management discussion and analysis (MD&A) in A-share listed company's annual reports...

The economics of dividend policy has focused on the single tight narrative that dividends keep managers honest, mitigating concerns that they over-invest. This article provides a critique of that agency narrative, arguing that pressure from short-term focused investors, executives and board...

Previous experiences significantly influence subsequent behavior. However, little is known about how experiences from ambiguous situations shape decision makers' subsequent ambiguity attitudes. We investigate this experimentally in an investment task that involves assets characterized by...

This study aims to analyse the demographic characteristics of real estate investors and their attitude towards expected and earned yields when making direct, indirect, and non-real estate passive income investments. Quantitative analysis is employed based on both online and offline survey data...