Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

Behavioral finance argues that some financial phenomena can plausibly be understood
using models in which some agents are not fully rational. The field has two building blocks …

This paper uses surveys to document CFO perspectives on corporate planning, investment,
capital structure, payout, and shareholder versus stakeholder focus. Comparing policy …

Overconfidence heuristic-driven bias in investment decision-making and performance:
mediating effects of risk perception and moderating effects of financial literacy | Emerald Insight …

We study a newly designed survey administered to a large panel of wealthy retail investors.
The survey elicits beliefs that are important for macroeconomics and finance, and matches …

We assess the impact of investor sentiment on future stock returns in 50 global stock
markets. Using the consumer confidence index (CCI) as the sentiment proxy, we document a …

Exploring the intersection of new technologies and financial services, this study probes the
role of digital inclusive finance in enhancing the performance of individual investors …

We propose a theoretically motivated factor model based on investor psychology and
assess its ability to explain the cross-section of US equity returns. Our factor model …

Purpose Research in the area of behavioral finance has demonstrated that investors exhibit
irrational behavior while making investment decisions. Investor behavior usually deviates …

Purpose This paper aims to investigate the relationship between investors' demographic
characteristics (age, gender, education level and experience) and their investment decisions …