Showing papers in "Journal of Behavioral and Experimental Finance in 2022"

TL;DR: In this paper , the authors examined the impact of the breakout of the conflict between Russia and Ukraine on the G20 and other selected stock markets using the event study approach and found that the abnormal returns (AR) before and after the launch of the ‘special military operation' by Russian military forces on the 24th of February 2022 revealed a strong negative impact of this military action on a majority of the stock markets, especially on the Russian market.

TL;DR: In this article , a pioneering study analyzes the connectedness of five NFT segments by employing the TVP-VAR based connectedness approach of Antonakakis et al. (2020) to identify the transmitter and receivers of spillover for both return and volatility.

TL;DR: In this article , the authors examined how various COVID-19 news sentiments differentially impact the behavior of cryptocurrency returns and found that the nexus is unidirectional from news sentiment to cryptocurrency returns, in contrast to past findings.

TL;DR: The Journal of Behavioral and Experimental Finance (JBEF) as discussed by the authors is a journal dedicated to behavioral finance with a focus on finance, which has attracted a large number of contributions from all fields of finance.

TL;DR: In this article , the subjective experience of financial well-being can be understood, and correlating this experience to behavioral and contextual factors, and the findings suggest that despite working within tight budgeting constraints, residents are self-disciplined in living within their means, put aside money for unplanned expenditure, and "do without" when money runs out.

TL;DR: Wang et al. as discussed by the authors investigated the relationship between board capital and green innovation and found that board capital positively affects green innovation, and the absorptive capacity mediates this relationship.

TL;DR: In this article, a measure of physical cash, which adequately captures managerial risk-aversion, was used to deduce that female CEOs exhibit risk aversion not only by maintaining higher physical cash levels but also by adopting risk-reducing policies.

TL;DR: Using a measure of physical cash, which adequately captures managerial risk-aversion, the authors deduced that female CEOs exhibit risk aversion not only by maintaining higher physical cash levels but also by adopting risk-reducing policies.

TL;DR: The authors explored the effect of hostile takeover exposure on firm complexity and found that more takeover vulnerability leads to less complex firms, while shortsighted managers focus on short-term investments at the expense of more complex, long-term, projects, resulting in lower corporate complexity.

TL;DR: In this article , a hybrid model encompassing classification and regression models for predicting bitcoin prices was proposed, and the hybrid model predicted a 100% directional hit rate and maintained steady volatility in returns for the out-of-sample period.

TL;DR: In this paper , a multigroup structural equation model is used to evaluate if the model is equally valid for Fintech and Insurtech, and the results of the multigroup analysis show that the model has the same validity for both types of technologies.

TL;DR: In this article , the authors examine whether and how women directors play a role in influencing firm risk-taking and performance and find that firms with higher board gender diversity experience better accounting-based firm performance but lower market-based performance.

TL;DR: In this paper , the authors systematically review articles on emotions and finance (1989-2020), with particular emphasis on papers addressing emotions influencing stock-market anomalies, either directly, or indirectly through first engendering behavioral patterns.

TL;DR: In this article , the influence of intrinsic Islamic religiosity, operationalized by Islamic Worldview, on investment decisions related to a firm faced with alleged environmental degradation in Pakistan has been examined, and the findings based on a sample of 176 junior business executives establish that investors with higher scores on Islamic worldview are less likely to invest in a profitable firm that is alleged of environmental degradation than those with lower scores.

TL;DR: In this paper , the potential relationship between ESG factors and short-term investor sentiment derived from option markets is examined, showing that those firms in the highest ESG rated portfolio are receiving significantly more optimistic sentiment than those in the lowest portfolio.

TL;DR: In this article , the authors used a matched dataset between the Chilean Household Finance Survey and the banking system's loan records, and found a positive effect of financial literacy on the accuracy of loan reporting.

TL;DR: Wang et al. as mentioned in this paper examined whether family firms differ from non-family firms in their corporate social responsibility reporting practice and found that family firms are more concerned about firm reputation and use CSR disclosure as a means to establish and maintain a good reputation and to legitimize their behavior.

TL;DR: In this article, the authors used crowdsourced employee satisfaction reviews mentioning the COVID-19 Pandemic to determine the impact on abnormal stock returns for public firms from March-December 2020.

TL;DR: This paper found evidence that higher COVID-19 ES is related to higher abnormal stock returns, while non-COVID ES is found not to be related to abnormal stock return, and used crowdsourced employee satisfaction (ES) reviews from Glassdoor.com to determine the impact on abnormal stock returning for public firms from March-December 2020.

TL;DR: Li et al. as mentioned in this paper examined short seller behavior in attacking Luckin and discussed why attacks can be repetitive and showed that after short sellers explicitly announce their intent, the return comovement of related companies increases.

TL;DR: In this paper, the determinants of trust and reciprocity in the context of a sequential, binary trust game were investigated, and it was found that trustors' (first movers) behavior is affected by their loss aversion, while trustees' reciprocal behavior is not explained by any of their other-regarding attitudes, but, rather, by their agreeableness.

TL;DR: In this article , the authors examined the association between friendly boards and the value of real options and found that friendly boards positively affect real options at a decreasing rate as the level of friendly boards increases.

TL;DR: In this paper , the effect of CEO social capital on capital structure complexity was examined. And the results showed that CEOs with trust in government and local police, membership in non-profit organizations, altruism, and political participation have more complex and less concentrated capital structures.

TL;DR: In this article , the authors developed and validated a financial preparation scale for retirement with 19 items on a five-point Likert scale, including future expectation, financial planning and saving behavior.

TL;DR: In this paper , the authors employ a unique NFL gambling dataset to disentangle information asymmetry between bettors and sportsbooks, and they find no evidence that sportsbooks hold more information than the gamblers.

TL;DR: In this paper , a mixed-method experimental approach was used to show that comics help with perception and usability of a complex text policy document, thereby leading to increased uptake of the insurance product.

TL;DR: In this paper, the authors explore the channel of working capital investments through which family firms may accomplish survival and reputation goals without hurting profitability and show that family firms exhibit conservative short-term investment policies by investing more in working capital.

TL;DR: In this article , the authors explore the channel of working capital investments through which family firms may accomplish survival and reputation goals without hurting profitability and show that family firms exhibit conservative short-term investment policies by investing more in working capital.

TL;DR: In this paper , the authors examine financial sector components in a religious context, using the example of states representing the three major monistic religions: Judaism, Christianity, and Islam, and demonstrate that the religious worldview is a determining factor in the social and economic activities of society.

TL;DR: In this paper , the authors investigate how national cultures can exert direct and indirect influences on global under-pricing difference in the stock market and find that variations in cultural dimensions measuring the psychological and economic roles of culture directly explain up to 0.999 and 0.980, respectively, while firm-level factors only explain upto 0.097 of the variability in IPO underpricing.