: corporate governance is best seen not as a subset of economics or even law, but instead as a subset of moral psychology. Recent … research in the nascent field of moral psychology suggests that we humans are not rational beings, particularly when we act in … veneer of rationality, to reassure ourselves of our own moral integrity and to signal our moral values to like-minded others …

. Using a data for five international capital markets in developed countries we find that the hypothesis of rationality losses …

a strong evidence on the effect of managerial psychology on corporate investment decision's rationality. Using models …We present evidence consistent with theories that psychological biases affect rationality decision of managers. We find … disposition effect to explain their impact on corporate investment decision's rationality. Corporate governance contributes to the …

“Rationality” is a term that comes up often during investment conversations, and yet it has not been definitively … defined. For example, economists and investors each use and define the term rationality differently. The objective of this … note is to profile three general definitions of the term “rationality,” and then to demonstrate how one of these …