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We explore the role of capacity constraints in establishing efficient pricing in multi-unit common value auctions in a setting relevant to auction-based equity IPOs. The method of inquiry is experimental economics. We find that sufficiently large capacity constraints mitigate the overbidding...
Persistent link: https://www.econbiz.de/10010868882
This article analyzes rate-of-return and risk related to investments in socially responsible and conventional country indices. The socially responsible indices are the DJSI Korea, DJSI US and Respect Index, and the corresponding conventional country indices are the Korea Stock Exchange Composite...
Persistent link: https://www.econbiz.de/10015192059
Anchoring and overconfidence are some of the best-known biases in psychology and behavioral finance literature. While a number of studies have investigated the evidence of these biases and explored the motives and human factors that contribute to the one's susceptibility to the effects, little...
Persistent link: https://www.econbiz.de/10015192103
This paper is a written account of the pitching research experience two UQ Research Scholars' (Matthew & Marisol) underwent, as part of the UQ Summer Research Program. It elaborates the use of Faff's (2015) pitching research framework by the duo to develop a full 'fantasy pitch' in studying how...
Persistent link: https://www.econbiz.de/10015195959
Pitching research helps researchers to outline a research idea systematically to understand the feasibility and keep the research heading in the right direction. This letter adopts the pitching template suggested by Faff (2015a) into a behavioural finance research topic. Specifically, I utilize...
Persistent link: https://www.econbiz.de/10015196264
The paper presents a systematic review of the research work, published on the topic of weather effects and stock market behavior. The objectives of the study were to examine the current status of research, by collecting the literature, in the area of weather effects and stock market behavior. In...
Persistent link: https://www.econbiz.de/10014001447
This paper focuses on determining the factors influencing investors' risk-taking through empirical evidence from Vietnam. This study investigates risk perception, expected return and herding behavior, and other determinants such as historical volatility and subjective financial risk attitude;...
Persistent link: https://www.econbiz.de/10014001498
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
This study aims to prove the consistency of Agency Theory and Behavioral Consistency Theory as a solution to explain the role of Earnings Management in mediating the influence of male CEO masculinity on leverage. This research uses a quantitative approach with the population and research samples...
Persistent link: https://www.econbiz.de/10014505550
This study aims to prove the consistency of Agency Theory as a solution to explain the role of the influence of Profitability Ratio, Activity, company size, audit committee and Board of Directors on Sustainability. This study uses a quantitative approach with population and research samples...
Persistent link: https://www.econbiz.de/10014505622