Journal of Behavioral and Experimental Finance最新文献_第8页

Financial worry and government responses to the COVID-19 pandemic in 88 Countries: Did public confidence in National Governments matter? 88 个国家对 COVID-19 大流行的财政担忧和政府对策：公众对国家政府的信心重要吗？

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-05-21 DOI: 10.1016/j.jbef.2024.100940

Jamila Beckles , Mahalia Jackman

引用次数: 0

Institutional/retail investor active attention and behavior: Firm coverage on Mad Money 机构/零售投资者的积极关注和行为：疯狂货币》对公司的报道

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-05-05 DOI: 10.1016/j.jbef.2024.100937

Lawrence Kryzanowski , Ali Rouhghalandari

{"title":"Institutional/retail investor active attention and behavior: Firm coverage on Mad Money","authors":"Lawrence Kryzanowski , Ali Rouhghalandari","doi":"10.1016/j.jbef.2024.100937","DOIUrl":"https://doi.org/10.1016/j.jbef.2024.100937","url":null,"abstract":"<div><p>We find that firm coverage on the popular Mad Money Show is significantly associated with institutional and retail investor active attention, proxied by SEC EDGAR queries and posts on StockTwits. The association strengths differ by recommendation directions (buy or sell) and a firm’s exposure on the Show. The associations remain after controlling for selection bias, other firm-specific news, and moderating events (e.g., Superbowl and Olympics). The increased investor active attention is associated subsequently with abnormal trading volumes and short-sales activities of institutional/retail investors, and retail investor portfolios. While the opening price captures most of the significant association between Show coverage and next day’s returns, the extent of subsequent reversals varies by Show segment, recommendation direction and moderators (e.g., firm-coverage frequency on the same Show). No abnormal returns are associated with any pre-Show publicity about upcoming guest interviews. Our findings are consistent with the association of the media and its potential influencers with the limited active attention budgets of investors, different behaviors of retail and institutional investors, and the shorting of contrarian investors.</p></div>","PeriodicalId":47026,"journal":{"name":"Journal of Behavioral and Experimental Finance","volume":"42 ","pages":"Article 100937"},"PeriodicalIF":6.6,"publicationDate":"2024-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214635024000522/pdfft?md5=26f9d0ab63b994320d6a4e6b804237fb&pid=1-s2.0-S2214635024000522-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140914007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financial Homo Ignorans: Development and validation of a scale to measure individual differences in financial information ignorance 金融无知者：金融信息无知个体差异量表的开发与验证

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-30 DOI: 10.1016/j.jbef.2024.100936

Kinga Barrafrem , Daniel Västfjäll , Gustav Tinghög

{"title":"Financial Homo Ignorans: Development and validation of a scale to measure individual differences in financial information ignorance","authors":"Kinga Barrafrem , Daniel Västfjäll , Gustav Tinghög","doi":"10.1016/j.jbef.2024.100936","DOIUrl":"https://doi.org/10.1016/j.jbef.2024.100936","url":null,"abstract":"<div><p>Information ignorance refers to the act of deliberately avoiding, neglecting, or distorting information to uphold a positive self-image and protect our identity-based beliefs. We apply this framework to household finance and develop a concise 12-item questionnaire measuring individuals’ receptiveness to financial information, or the lack thereof – the Financial Homo Ignorans (FHI) Scale. We conduct two studies with samples from the general population in Sweden (total N=2508) and show that the FHI scale has high reliability and distinct from other commonly used individual-difference measures in behavioral finance. We show that individual heterogeneity as assessed by the FHI scale explains a substantial variation in financial behaviors and financial well-being, also when controlling for demographics and financial literacy. These results unequivocally demonstrate the utility of the FHI scale as a valuable instrument for researchers and practitioners in comprehending and addressing the challenges posed by the omnipresence of financial information in today's world.</p></div>","PeriodicalId":47026,"journal":{"name":"Journal of Behavioral and Experimental Finance","volume":"42 ","pages":"Article 100936"},"PeriodicalIF":6.6,"publicationDate":"2024-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S2214635024000510/pdfft?md5=1674a92f37804093aac7f5b65e0f7af5&pid=1-s2.0-S2214635024000510-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140843495","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Point shaving? A novel experiment and new insights 削尖？新颖的实验和新的见解

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-25 DOI: 10.1016/j.jbef.2024.100935

Richard Borghesi , Rodney Paul , Andrew Weinbach

引用次数: 0

Loss aversion and focal point bias: Empirical evidence from housing markets 损失规避和焦点偏差：来自房地产市场的经验证据

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-07 DOI: 10.1016/j.jbef.2024.100930

Stephen L. Ross , Tingyu Zhou

引用次数: 0

Prospect theory in M&A: Do historical purchase prices affect merger offer premiums and announcement returns? 并购中的前景理论：历史收购价格会影响并购报价溢价和公告回报吗？

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-04 DOI: 10.1016/j.jbef.2024.100931

Beni Lauterbach , Yevgeny Mugerman , Joshua Shemesh

引用次数: 0

The influence of trauma insurance on quality of life among cancer survivors 创伤保险对癌症幸存者生活质量的影响

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-04 DOI: 10.1016/j.jbef.2024.100929

David Todd Hatswell , Vikash Ramiah , Damien Wallace , P.P. Nithi Krishna , Glenn Muschert , A.V. Nair Biju , Krishna Reddy

{"title":"The influence of trauma insurance on quality of life among cancer survivors","authors":"David Todd Hatswell , Vikash Ramiah , Damien Wallace , P.P. Nithi Krishna , Glenn Muschert , A.V. Nair Biju , Krishna Reddy","doi":"10.1016/j.jbef.2024.100929","DOIUrl":"https://doi.org/10.1016/j.jbef.2024.100929","url":null,"abstract":"<div><p>This study investigates Australian cancer survivors' Quality of Life (QOL) concerning whether they own trauma insurance. This research examines (1) whether financial planning mechanisms alleviate financial stress, maintaining the QOL of cancer survivors, (2) how receipt of financial proceeds impacts QOL, and (3) whether emotion affects the financial decisions of cancer patients. Researchers used qualitative research methods to investigate the relationship between trauma insurance ownership and QOL in cancer survivors, considering demographic factors such as gender, age and income, type of cancer, treatment type, the meaning of life, financial planning mechanisms, emotional finance, and risk-shifting behavior. Findings show a general decrease in the QOL of survivors without trauma insurance and less change in the quality of life of survivors with trauma insurance. We attribute this difference to the additional benefits survivors buy with their insurance proceeds. Trauma insurance and other financial mechanisms function to mitigate financial stress.</p></div>","PeriodicalId":47026,"journal":{"name":"Journal of Behavioral and Experimental Finance","volume":"42 ","pages":"Article 100929"},"PeriodicalIF":6.6,"publicationDate":"2024-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140554666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Does every cloud (bubble) have a silver lining? An investigation of ESG financial markets 每朵乌云（泡沫）都有一线希望吗？ESG金融市场调查

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-04 DOI: 10.1016/j.jbef.2024.100928

Matteo Foglia , Federica Miglietta

引用次数: 0

Economic predictors of the subjective experience of financial stress 财务压力主观体验的经济预测因素。

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-03 DOI: 10.1016/j.jbef.2024.100933

Olaf Simonse , Wilco W. Van Dijk , Lotte F. Van Dillen , Eric Van Dijk

{"title":"Economic predictors of the subjective experience of financial stress","authors":"Olaf Simonse , Wilco W. Van Dijk , Lotte F. Van Dillen , Eric Van Dijk","doi":"10.1016/j.jbef.2024.100933","DOIUrl":"10.1016/j.jbef.2024.100933","url":null,"abstract":"<div><p>The subjective experience of financial stress has profound implications for well-being, health, cognitive performance, and decision-making. In a sample of Dutch households (N = 1114), we studied the association of five economic factors - income, saving, debts, income volatility, and employment - with a four-factor measure of financial stress: 1) an appraisal of insufficient financial resources, 2) an appraisal of lack of control over one's financial situation, 3) financial worries and rumination, and 4) a short-term focus. This enabled us to examine the economic factors' relative contributions to predicting<span><sup>5</sup></span> financial stress. We found that the combination of economic factors predicted financial stress better than income alone. Particularly, buffer savings had a large contribution to predicting financial stress. The number of debts had a smaller relative contribution to predicting financial stress, whereas we did not find support for debt amount as a predictor of financial stress. Employment was negatively associated with financial stress, but only for households with the lowest incomes. We found no support for income volatility predicting financial stress. These results imply that research and policy on financial stress should have a broader scope than income alone and should take a more integrative approach to households' financial situation, considering savings, number of debts, and unemployment.</p></div>","PeriodicalId":47026,"journal":{"name":"Journal of Behavioral and Experimental Finance","volume":"42 ","pages":"Article 100933"},"PeriodicalIF":6.6,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140768629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

How does CEOs’ early-life experience of China’s Great Famine impact corporate green innovation? 首席执行官早年的中国大饥荒经历如何影响企业的绿色创新？

IF 6.6 2区经济学

Journal of Behavioral and Experimental Finance Pub Date : 2024-04-03 DOI: 10.1016/j.jbef.2024.100932

Yuying Jin, Guangyu Ye

引用次数: 0