We also examine the equity market impact, finding significant negative price performance surrounding inaugural credit ratings, quantifying the potential economic costs of familiarity bias.doi:10.1080/15427560.2020.1751629Douglas AyresSteven DolvinJournal of Behavioral Finance...
Thaler , R. 1993 .Advances in Behavioral Finance, New York : Russell Sage Foundation . Google Scholar Toshino , M. and Suto , M. 2004 . Behavioral Bias of Japanese Institutional Investors .Journal of Economics and Business, 190 : 15 – 31 . ...
3.But the behavioral finance theory shows that familiarity,language and culture,proximateness,relatively optimistic,etc,can explain the home bias.传统金融理论认为:资本管制、风险规避、信息不对称和交易成本是投资者本土偏差行为可能的引致因素,而行为金融理论则认为熟悉、临近性、相对乐观以及语言和文化使得投资者...
and reduces levels of bias compared with the interview technique (Saunders et al.2011). Besides, wenjuan.com is the largest free online survey platform, which is similar to Google Forms and is well known among individuals, researchers, businesses, and organisations that focus on providing questionn...
These results suggest that there is little threat from common method bias in our study. 4.1.4. Analysis and results To test for the effectiveness of the manipulation, we asked respondents whether the product they had just seen included a label. A Chi-Square test confirmed that there was a ...
But the behavioral finance theory shows that familiarity,language and culture,proximateness,relatively optimistic,etc,can explain the home bias. 传统金融理论认为:资本管制、风险规避、信息不对称和交易成本是投资者本土偏差行为可能的引致因素,而行为金融理论则认为熟悉、临近性、相对乐观以及语言和文化使得投资者...
But the behavioral finance theory shows that familiarity,language and culture,proximateness,relatively optimistic,etc,can explain the home bias. 传统金融理论认为:资本管制、风险规避、信息不对称和交易成本是投资者本土偏差行为可能的引致因素,而行为金融理论则认为熟悉、临近性、相对乐观以及语言和文化使得投资者...
STOCKS (Finance)This study tests three behavioral biases: the gambler's fallacy, the halo effect, and the familiarity effect. The novelty is the behavioral bias in bullish and bearish markets, based on different investors' risk profiles. The questionnaire used a Likert scale...
But the behavioral finance theory shows that familiarity,language and culture,proximateness,relatively optimistic,etc,can explain the home bias. 传统金融理论认为:资本管制、风险规避、信息不对称和交易成本是投资者本土偏差行为可能的引致因素,而行为金融理论则认为熟悉、临近性、相对乐观以及语言和文化使得投资者...
Familiarity biasBehavioral real estateStatus quo deviation aversionIncreasing status quo deviation aversionThis study empirically confirms the existence of the status quo deviation aversion hypothesis, but not increasing status quo deviation aversion, in people who own their primary residence. The examination...