The effects of sentiment should be strongest during times of heightened valuation uncertainty. As such, we document a significant amplifying role for market uncertainty in the relation between sentiment and aggregate investment. A one-standard-deviation increase in uncertainty more than doubles...

Using a unique sample constructed by 600 investors' responses to a structured questionnaire, we investigate the impact of behavioral biases on the investors' investment decision making in the Pakistani equity market, as well as the roles that market anomalies and financial literacy play in the...

SEBI introduced a very unique and innovative concept of mandatory IPO grading in India in 2007 for the protection of interest of retail investors. But, surprisingly in 2013, SEBI took this decision back and scrapped the mandatory IPO grading saying that it is not serving the purpose for which it...