Pub Date : 2024-08-17DOI: 10.1080/15427560.2024.2385902
Iulia Cioroianu, Thomas Conlon, Shaen Corbet, Charles Larkin, Les Oxley, Richard Taffler
This paper explores the impact of Kodak’s announcements of ventures into the cryptocurrency and pharmaceutical industries on market sentiment and investor emotions. Evaluating social media data usi...
{"title":"The Influence of Social Media Emotions: Evidence from the Kodak Manic Episode","authors":"Iulia Cioroianu, Thomas Conlon, Shaen Corbet, Charles Larkin, Les Oxley, Richard Taffler","doi":"10.1080/15427560.2024.2385902","DOIUrl":"https://doi.org/10.1080/15427560.2024.2385902","url":null,"abstract":"This paper explores the impact of Kodak’s announcements of ventures into the cryptocurrency and pharmaceutical industries on market sentiment and investor emotions. Evaluating social media data usi...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"10 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142225353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-16DOI: 10.1080/15427560.2024.2385904
Haitham A. Al-Zoubi
I find that the highly regarded investor and manager sentiment indices demonstrate both cyclical and persistent variations. The presence of cyclicality in the orthogonalized indices suggests the ex...
{"title":"Business Cycle Variations in Manager and Investor Sentiment Indices","authors":"Haitham A. Al-Zoubi","doi":"10.1080/15427560.2024.2385904","DOIUrl":"https://doi.org/10.1080/15427560.2024.2385904","url":null,"abstract":"I find that the highly regarded investor and manager sentiment indices demonstrate both cyclical and persistent variations. The presence of cyclicality in the orthogonalized indices suggests the ex...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"90 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142198923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-16DOI: 10.1080/15427560.2024.2387656
Gaoshan Wang, Yue Wang, Yilin Dong, Xiaohong Shen
We utilized a Python program to collect analysts’ reports on the constituents of the CSI 300 (China Securities Index). From these reports, we extracted analyst ratings, readability, and visualizati...
{"title":"The Effect of Analysts’ Reports on Stock Liquidity: The Interaction of Ratings and Qualitative Indicators","authors":"Gaoshan Wang, Yue Wang, Yilin Dong, Xiaohong Shen","doi":"10.1080/15427560.2024.2387656","DOIUrl":"https://doi.org/10.1080/15427560.2024.2387656","url":null,"abstract":"We utilized a Python program to collect analysts’ reports on the constituents of the CSI 300 (China Securities Index). From these reports, we extracted analyst ratings, readability, and visualizati...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"33 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142198926","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-08-04DOI: 10.1080/15427560.2024.2385898
Lucy F. Ackert, Amine Khayati, Zeynep Kelani
The terms associated with new financial products, such as buy now, pay later (BNPL) loans, are often cloudy. Policymakers are concerned because these products are marketed to naïve consumers who ma...
{"title":"Buy Now, Pay Later Loans, Social Norms, and Consumer Indebtedness","authors":"Lucy F. Ackert, Amine Khayati, Zeynep Kelani","doi":"10.1080/15427560.2024.2385898","DOIUrl":"https://doi.org/10.1080/15427560.2024.2385898","url":null,"abstract":"The terms associated with new financial products, such as buy now, pay later (BNPL) loans, are often cloudy. Policymakers are concerned because these products are marketed to naïve consumers who ma...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"22 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141937677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-07-09DOI: 10.1080/15427560.2024.2371837
Penghang Liu, Kshama Dwarakanath, Svitlana S. Vyetrenko, Tucker Balch
Human decision-making in real-life deviates significantly from optimal decisions made by fully rational agents, primarily due to computational limitations or psychological biases. While existing st...
{"title":"Limited or Biased: Modeling Subrational Human Investors in Financial Markets","authors":"Penghang Liu, Kshama Dwarakanath, Svitlana S. Vyetrenko, Tucker Balch","doi":"10.1080/15427560.2024.2371837","DOIUrl":"https://doi.org/10.1080/15427560.2024.2371837","url":null,"abstract":"Human decision-making in real-life deviates significantly from optimal decisions made by fully rational agents, primarily due to computational limitations or psychological biases. While existing st...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"157 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141719171","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-30DOI: 10.1080/15427560.2024.2365723
Richard J. Taffler, Vineet Agarwal, Maximilian Obring
Robert Shiller highlights the role popular stories play in driving economic behavior and argues the need to analyze these scientifically. However, their impacts are difficult to measure directly an...
{"title":"Narrative Emotions and Market Crises","authors":"Richard J. Taffler, Vineet Agarwal, Maximilian Obring","doi":"10.1080/15427560.2024.2365723","DOIUrl":"https://doi.org/10.1080/15427560.2024.2365723","url":null,"abstract":"Robert Shiller highlights the role popular stories play in driving economic behavior and argues the need to analyze these scientifically. However, their impacts are difficult to measure directly an...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"6 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141719173","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-28DOI: 10.1080/15427560.2024.2368151
Rongzhao Ou, Qiao Wang
This paper examines the accuracy of target price forecasts made by sell-side analysts, focusing on predicting target price accuracy using machine learning approaches. Utilizing a dataset of target ...
{"title":"Are analysts’ Forecasts Reliable? A Machine Learning-Based Analysis of the Target Price Accuracy","authors":"Rongzhao Ou, Qiao Wang","doi":"10.1080/15427560.2024.2368151","DOIUrl":"https://doi.org/10.1080/15427560.2024.2368151","url":null,"abstract":"This paper examines the accuracy of target price forecasts made by sell-side analysts, focusing on predicting target price accuracy using machine learning approaches. Utilizing a dataset of target ...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"47 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141719172","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-06-17DOI: 10.1080/15427560.2024.2361875
Ichchha Pandey, Michael Guillemette
This study investigates the influence of social media and investment knowledge on meme stock trading, using data from the 2021 National Financial Capability Study. It examines the relationships amo...
{"title":"Social Media, Investment Knowledge, and Meme Stock Trading","authors":"Ichchha Pandey, Michael Guillemette","doi":"10.1080/15427560.2024.2361875","DOIUrl":"https://doi.org/10.1080/15427560.2024.2361875","url":null,"abstract":"This study investigates the influence of social media and investment knowledge on meme stock trading, using data from the 2021 National Financial Capability Study. It examines the relationships amo...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"22 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-06-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141507567","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-27DOI: 10.1080/15427560.2024.2345344
King Fuei Lee
The momentum effect is postulated to be a consequence of the disposition effect, which in turn, is a result of the interplay between the typically dominant diminishing sensitivity feature of prospe...
据推测,动量效应是处置效应的结果,而处置效应又是典型的优势递减敏感性特征之间相互作用的结果。
{"title":"Chasing Winners in the Gray Wave: Aging Population and Its Effects on Long-Horizon Momentum Profits","authors":"King Fuei Lee","doi":"10.1080/15427560.2024.2345344","DOIUrl":"https://doi.org/10.1080/15427560.2024.2345344","url":null,"abstract":"The momentum effect is postulated to be a consequence of the disposition effect, which in turn, is a result of the interplay between the typically dominant diminishing sensitivity feature of prospe...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"68 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141152568","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-04-22DOI: 10.1080/15427560.2024.2340519
Luc Meunier, Sima Ohadi, Olga Tatarnikova
Typically, individuals tend to under-invest in financial markets. Meanwhile, financial market participation always takes place with some form of nudging, which can particularly be introduced as pri...
{"title":"Stock Market Participation: When No Priming Works Best","authors":"Luc Meunier, Sima Ohadi, Olga Tatarnikova","doi":"10.1080/15427560.2024.2340519","DOIUrl":"https://doi.org/10.1080/15427560.2024.2340519","url":null,"abstract":"Typically, individuals tend to under-invest in financial markets. Meanwhile, financial market participation always takes place with some form of nudging, which can particularly be introduced as pri...","PeriodicalId":47016,"journal":{"name":"Journal of Behavioral Finance","volume":"6 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2024-04-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140636558","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}