Presents a model of the issue-invest decision that occurs in firms when the management of the firm has superior knowledge related to the investment. This decision arises when a firm has a valuable investment opportunity that it wishes to undertake and cannot fully disclose to investors, but must...

This study aimed to verify whether perceptions of profits or losses influence individual financial decisions. We used an experimental approach to evaluate if the dissatisfaction due to a loss causes any impact to the level of loss aversion of investors. We found that the dissatisfaction after a...