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Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (MA) for stock prices and examines economic links between...
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Purpose – The purpose of this paper is to analyze the interaction between the availability of financial information and … conducted an experiment to observe the behavior of subjects in three settings, each with a different level of information …. Findings – Results confirm that a dependence relation exists between information, investors' behavioral biases and the herding …
Persistent link: https://www.econbiz.de/10013125559
The information produced by sophisticated investors in the stock market may be useful for uninformed depositors. Since … much information is not produced for Shinkin banks (cooperatives) in Japan, relying on the information from the stock …
Persistent link: https://www.econbiz.de/10013102563
This paper introduces two measures to investigate potential window-dressing behavior among mutual fund managers. We show that unskilled managers that perform poorly are more likely to window dress by strategically purchasing winner stocks and selling loser stocks near quarter ends. Further,...
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We provide a new explanation to the limited stock market participation puzzle. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function not only of the objective characteristics of the stock, but also of the subjective...
Persistent link: https://www.econbiz.de/10010298311
, Ageing and Retirement in Europe supplemented with regional information on generalized trust from the World Value Survey and …
Persistent link: https://www.econbiz.de/10010303716