Behavioral Finance is one of the most novel developments in Behavioral Economics. Since
the end of the 1970ies a wide range of psychological, economic and sociological laboratory …

ABSTRACT Research Question/Issue The prominent ownership position of the Big Three
asset management firms (ie, BlackRock, Vanguard, and State Street Global Advisors) in …

We show that institutional investors are more likely to invest in firms from regions to which
they have stronger social ties but find no evidence that these investments earn a differential …

We find that among stocks dominated by retail investors, the lottery anomaly is amplified by
high investor attention (proxied by high analyst coverage, salient earnings surprises, or …

Using a large sample of A-share listed companies on the Chinese stock market, we
investigate the impact of information interaction among institutional investors (IIAII) on stock …

Based on the stakeholder theory, we constructed a corporate social network for all publicly
listed Chinese A-share enterprises on the Shanghai and Shenzhen Stock Exchanges for …

We study how the social transmission of public news influences investors' beliefs and the
securities markets. Using data on social networks, we find that earnings announcements …

This paper investigates the impact of network centrality on borrowers' and lenders' behavior
in P2P lending. The empirical analysis on a leading Chinese lending platform reveals that …

This paper detects the Carbon-Peak Policy effect on energy funds' network herding
measured by a mixed network centrality and the herding effect on profitability and stability …

Using social network data from Facebook, we show that earnings announcements made by
firms located in counties with higher investor social network centrality attract more attention …