Similar Search Results

Maier, Johannes K.; Fischer, Dominik Simon - 2021

We theoretically show that there is a fundamental disconnect be- tween the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses re-...

Persistent link: https://www.econbiz.de/10012648374

Essays in behavioral corporate finance

Tate, Geoffrey - 2003

Persistent link: https://www.econbiz.de/10003624872

Saving and learning : theory and evidence from saving for child’s college

Zhu, Junyi - 2012

This paper analyzes the main uncertainty of college saving - the child’s ability - in the context of the saving with learning model. The first section develops a dynamic model combining asset accumulation and learning to explain the parents’ forward-looking saving behavior when they are...

Persistent link: https://www.econbiz.de/10009625571

A Life-Cycle Model with Ambiguous Survival Beliefs

Groneck, Max - 2013

On average, "young" people underestimate whereas "old" people overestimate their chances to survive into the future. We adopt a Bayesian learning model of ambiguous survival beliefs which replicates these patterns. The model is embedded within a non-expected utility model of life-cycle...

Persistent link: https://www.econbiz.de/10013092823

Innovation, Entry into Multiple Markets and Unobserved Heterogeneity

Pogrebna, Ganna - 2014

This paper considers an experimental market entry game, where the decision problem involves several heterogeneous markets and players have an opportunity to enter several markets simultaneously. We find that groups fail to coordinate on any of the multiple pure strategy Nash equilibria by...

Persistent link: https://www.econbiz.de/10012708364

Behavioral approaches to contract theory and corporate finance

Malmendier, Ulrike - 2002

Persistent link: https://www.econbiz.de/10001717876

Finanzierungsrestriktionen bei Unternehmen : Ursachen und Auswirkungen in Deutschland

Plötscher, Claudia - 2001 - 1. Aufl.

Persistent link: https://www.econbiz.de/10001621044

Learning from Peers' Stock Prices and Corporate Investment

Foucault, Thierry - 2013

Peers' valuation matters for firms' investment: a one standard deviation increase in peers' valuation is associated … with a 5.9% increase in corporate investment. This association is stronger when a firm's stock price informativeness is … lower or when its managers appear less informed. Also, the sensitivity of a firm's investment to its stock price is lower …

Persistent link: https://www.econbiz.de/10013090561

Investitionsentscheidungen institutioneller Investoren für Private-Equity-Gesellschaften

Freiburg, Markus - 2012

Persistent link: https://www.econbiz.de/10009540591

Societal Trust and Corporate Investment Efficiency

Afriyie, Linus Owusu - 2020

The prior literature establishes that trust affects investment, however, whether it leads to investment efficiency is … unaddressed. This study seeks to investigate the relationship between societal trust and corporate investment efficiency. The … study documents a positive association between societal trust and corporate investment efficiency. Using data from 30 …

Persistent link: https://www.econbiz.de/10012850241

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