Review of Behavioral Finance: Volume 11 Issue 1

Individual investors’ sophistication and expectations of risk and return

Oscar Stålnacke

The purpose of this paper is to investigate the relationship between individual investors’ level of sophistication and their expectations of risk and return in the stock market.

Optimism-pessimism effects on money demand: theory and evidence

Christos Karpetis, Stephanos Papadamou, Eleftherios Spyromitros, Erotokritos Varelas

The purpose of this paper is to investigate, both theoretically and empirically, the relationship between optimism (pessimism) – as reflected by animal spirits – and money demand…

Investor sentiment antecedents: A structural equation modeling approach in an emerging market context

Ranjan Dasgupta, Rashmi Singh

The determinants of investor sentiment based on stock market proxies are found in numbers in empirical studies. However, investor sentiment antecedents developed from primary…

Investor attention using the Google search volume index – impact on stock returns

Vighneswara Swamy, Munusamy Dharani

The purpose of this paper is to investigate whether the investor attention using the Google search volume index (GSVI) can be used to forecast stock returns. The authors also find…

Relative reference prices and M&A misvaluations

Zhenlong Li, Jie Guo, Panagiotis Andrikopoulos

The purpose of this paper is to examine the misvaluation hypothesis using a relative reference point (RRP) in mergers and acquisitions (M&A) market.