This paper surveys the research on the influence of investor feelings on equity pricing and also develops a theoretical basis with which to understand the emerging findings of this area. The theoretical basis is developed with reference to research in the fields of <i>economic psychology</i> and...</i>

An important puzzle in international finance is the failure of the forward exchange rate to be a rational forecast of the future spot rate. It has often been suggested that this puzzle may be resolved by using better statistical procedures that correct for both non-stationarity and nonnormality...

Purpose – The paper aims to examine whether and under what circumstances social status of chief executives can be associated with corporate financial decisions, in particular via risk aversion or risk loving to the extent of mergers and acquisitions. Design/methodology/approach – The authors...