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Modern finance theory assumes that the stock market is efficient, and stock prices reflect all available information …. However, behavioral finance theory argues that stock prices can be influenced by psychological and emotional factors. This … study aims to examine the impact of behavioral finance factors on investment decisions in the Saudi equity markets through …
Persistent link: https://www.econbiz.de/10014503093
I develop an adaptive learning model to study the welfare effects of Social Security policy uncertainty in an aging economy. Agents combine full knowledge of the political process (which Social Security reforms are possible and when they could occur) with limited knowledge about the structure of...
Persistent link: https://www.econbiz.de/10012850416
Using a sample of comparable public listed and private firms from nine European countries, we show that public firms reduce their investments by about 50% more than private firms in periods of elevated policy uncertainty. We find suggestive evidence that this can be explained by public firms'...
Persistent link: https://www.econbiz.de/10013229673
Persistent link: https://www.econbiz.de/10011694864
The purpose of this study is to examine the role of various psychological factors which affect investment decision of … much they are prone to taking risk while making decisions; thus playing a significant role in determining the investment …
Persistent link: https://www.econbiz.de/10011928886
Persistent link: https://www.econbiz.de/10012152683
uncertainty aversion parameter, which measures the investor's preference for robustness using econometric theory. I derive a …
Persistent link: https://www.econbiz.de/10013033028
uncertainty aversion parameter, which measures the investor's preference for robustness using econometric theory. I derive a …
Persistent link: https://www.econbiz.de/10012997223
We study the role of dropout risk in dynamic signaling. A seller privately knows the quality of an indivisible good and decides when to trade. In each period, he may draw a dropout shock that forces him to trade immediately. To avoid costly delay, the seller with a low-quality good voluntarily...
Persistent link: https://www.econbiz.de/10013031931