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Does Human Psychology Drive Financial Markets? Evidence from International Markets
Dhaoui, Abderrazak; Khraief, Naceur - In: International Journal of Economics and Empirical … 2 (2014) 3, pp. 100-108
This paper provides the first evidence for empirical tests of the effect of rational expectations as well as behavioral biases, including among other animal spirits such as defined by Akerlof and Shiller (2009) on the variability of trading.We have used daily data for five international capital...
Persistent link: https://www.econbiz.de/10010902142
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An Experimental Study of Overconfidence in Accounting Numbers Predictions
Bar-Yosef, Sasson; Venezia, Itzhak - In: International Journal of Economic Sciences 2014 (2014) 1, pp. 78-89
This paper analyzes experimentally investors' overconfidence when making predictions of financial and accounting … overconfidence. We also compare the extent to which professional analysts differ from other investors in that respect. For this we … overconfidence. The professional analysts were slightly more overconfident than the students. Subjects showed more overconfidence in …
Persistent link: https://www.econbiz.de/10011195081
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THE IMPACT OF INVESTOR PSYCHOLOGY ON STOCK MARKETS: EVIDENCE FROM FRANCE
DHAOUI, ABDERRAZAK; BOUROUIS, SAAD; BOYACIOGLU, MELEK ACAR - In: Journal of Academic Research in Economics 5 (2013) 1 (June), pp. 35-59
This paper provides the first evidence for empirical sensitivity of trading volume to human psychological factors. We review therefore extensive evidence about how human psychology affects investor behavior and trading volume. Using the data for individual stocks listed on the CAC40 Stock Market...
Persistent link: https://www.econbiz.de/10010692156
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The accuracy of financial analysts’ earnings forecasts and the Tunisian market reliance with time
Ahmed, Bouteska; Boutheina, Regaieg - In: Cogent economics & finance 5 (2017) 1, pp. 1-14
Unlike previous studies which have examined the role of financial analysts in developed economies, the aim of this paper is to investigate whether following the Tunisian stock market opening, both the analyst forecast accuracy and the market’s reliance on analyst forecasts, increase with time....
Persistent link: https://www.econbiz.de/10011882305
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Forecaster overconfidence and market survey performance
Deaves, Richard; Lei, Jin; Schröder, Michael - In: The journal of behavioral finance : a publication of … 20 (2019) 2, pp. 173-194
Persistent link: https://www.econbiz.de/10012180502
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The accuracy of financial analysts' earnings forecasts and the Tunisian market reliance with time
Ahmed, Bouteska; Boutheina, Regaieg - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-14
Unlike previous studies which have examined the role of financial analysts in developed economies, the aim of this paper is to investigate whether following the Tunisian stock market opening, both the analyst forecast accuracy and the market's reliance on analyst forecasts, increase with time....
Persistent link: https://www.econbiz.de/10011988768
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A bibliometric analysis of machine learning econometrics in asset pricing
Zapata, Hector O.; Mukhopadhyay, Supratik - In: Journal of Risk and Financial Management 15 (2022) 11, pp. 1-17
Machine learning (ML) is a novel method that has applications in asset pricing and that fits well within the problem of measurement in economics. Unlike econometrics, ML models are not designed for parameter estimation and inference, but similar to econometrics, they address, and may be better...
Persistent link: https://www.econbiz.de/10014332691
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Performance of initial public offerings (IPOs): the case of Shariah-compliant companies
Yaakub, Nurwahida; Sherif, Mohamed - In: Islamic economic studies 27 (2019) 1, pp. 65-76
Purpose The purpose of this paper is to examine the informational value of Shariah-compliant disclosure in the Malaysian initial public offerings (IPOs) prospectus and whether Shariah-compliant status has an impact on the IPO initial return when adopted as a signalling mechanism....
Persistent link: https://www.econbiz.de/10012182133
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A válság mint negatív információ és bizonytalansági tényező. A válság hatása az egy részvényre jutó nyereség-előrejelzésekre
Jáki, Erika - In: Közgazdasági Szemle (Economic Review - monthly of the … LX (2013) 12, pp. 1357-1369
A szerző a 2008-ban kezdődött gazdasági világválság hatását vizsgálja az egy részvényre jutó nyereség előrejelzésének hibájára. Számos publikáció bizonyította, hogy az elemzők a tényértékeknél szisztematikusan kedvezőbb tervértéket adnak meg az egy részvényre...
Persistent link: https://www.econbiz.de/10010963077
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A bibliometric analysis of machine learning econometrics in asset pricing
Zapata, Hector O.; Mukhopadhyay, Supratik - In: Journal of risk and financial management : JRFM 15 (2022) 11, pp. 1-17
Machine learning (ML) is a novel method that has applications in asset pricing and that fits well within the problem of measurement in economics. Unlike econometrics, ML models are not designed for parameter estimation and inference, but similar to econometrics, they address, and may be better...
Persistent link: https://www.econbiz.de/10013475217