Purpose The purpose of this paper is to investigate to what extent hedge funds are subject to irrationality in their investment decisions. The authors advance the hypothesis that irrational behavior affects hedge fund returns despite their sophistication and active management style....

Purpose The purpose of this paper is to examine the effect of investor sentiment on share returns, exploring whether this effect is different for public family and non-family firms. Design/methodology/approach The author uses the European Economic Sentiment Indicator data, from Directorate...

Purpose – The purpose of this paper is to examine the effect of investor sentiment (ISENT) on the market reaction to dividend change announcements. Design/methodology/approach – The author used the European Economic Sentiment Indicator data, from Directorate General for Economic and...

Purpose The purpose of this paper is to propose a decision-support methodology for public and private subjects involved in the enhancement of public properties. In particular, with reference to cases in which the disused public property can be sold and the range of functions that define the...

Purpose The purpose of this study is to investigate the moderating role of honesty-humility of financial managers on aggressive financial reporting behavior. Design/methodology/approach To test the research hypotheses, a scenario-based questionnaire taken from Brink et al. (2018) was used. Using...

Purpose The purpose of this paper is to garner a deeper understanding of the site of influence of aspects of risk management for tax practitioners. Design/methodology/approach The research design is twofold. Phase one consisted of a wide-scale international survey with 1,061 tax experts across...

Purpose – The purpose of this study is to examine the relevance of an accounting-based fundamental strategy in adding value to value stocks in Indian stock market. The fundamentals-based investment strategy “F-score”, given by Joseph Piotroski, has been used on stocks having high...

Purpose – The purpose of this paper is to examine the applicability of stock selection criteria of Benjamin Graham in Indian capital market to determine which rules specifically can help the investors to augment their return on investment. Design/methodology/approach – The independent sample...