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Behavioral finance: Finance with normal people
16 references·16 citing·26 second hopsampled
Behavioral finance: Finance with normal people (2014)Behavioral finance: Finance with normal p…Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Does the stock market fully v…Sensation Seeking, Overconfidence, and Trading Activity (2009)Sensation Seeking, Overconfid…Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Trading Is Hazardous to Your …Behavioral Portfolio Theory (2000)Behavioral Portfolio TheoryThe Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Efficient Capital Markets: II (1991)Efficient Capital Markets: IIThe Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (1985)The Disposition to Sell Winne…Explaining investor preference for cash dividends (1984)Explaining investor preferenc…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…The arbitrage theory of capital asset pricing (1976)The arbitrage theory of capit…A New Approach to Consumer Theory (1966)A New Approach to Consumer Th…The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)The Valuation of Risk Assets …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)CAPITAL ASSET PRICES: A THEOR…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …The Utility of Wealth (1952)The Utility of WealthPORTFOLIO SELECTION* (1952)PORTFOLIO SELECTION*Effect of Regret Aversion and Information Cascade on Investment Decisions in the Real Estate Sector: The Mediating Role of Risk Perception and the Moderating Effect of Financial Literacy (2021)Effect of Regret Aversion and…Dynamic portfolio rebalancing through reinforcement learning (2021)Dynamic portfolio rebalancing…Individual investors’ intention towards SRI in India: an implementation of the theory of reasoned action (2020)Individual investors’ intenti…Fundamental and behavioural determinants of stock return volatility in ASEAN-5 countries (2020)Fundamental and behavioural d…Exploring market overreaction, investors’ sentiments and investment decisions in an emerging stock market (2020)Exploring market overreaction…Value matters or values matter? An analysis of heterogeneity in preferences for sustainable investments (2019)Value matters or values matte…Sub-optimal behavioural biases and decision theory in real estate (2019)Sub-optimal behavioural biase…Pengaruh Cognitive Dissonance Bias, Overconfidence Bias Dan Herding Bias Terhadap Pengambilan Keputusan Investasi (2019)Pengaruh Cognitive Dissonance…Investor sentiment and stock return volatility: Evidence from the Johannesburg Stock Exchange (2019)Investor sentiment and stock …Investor behavior in equity crowdfunding (2019)Investor behavior in equity c…Religion based investing and illusion of Islamic Alpha and Beta (2018)Religion based investing and …Measuring behavioural biases affecting real estate investment decisions in India: using IRT (2018)Measuring behavioural biases …Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh (2018)Environmental, Social and Gov…Institutional investor behavioral biases: syntheses of theory and evidence (2017)Institutional investor behavi…A qualitative inquiry into the investment decision behaviour of the Malaysian stock market investors (2016)A qualitative inquiry into th…Determination of Factors Affecting Individual Investor Behaviours: A Study on Bankers (2015)Determination of Factors Affe…THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Financial Intermediation and Delegated Monitoring (1984)Corporate financing and investment decisions when firms have information that investors do not have (1984)Capital markets research in accounting (2001)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Behavior of Stock-Market Prices (1965)Determinants of corporate borrowing (1977)Risk, Return, and Equilibrium: Empirical Tests (1973)Illiquidity and stock returns: cross-section and time-series effects (2002)Common risk factors in the returns on stocks and bonds (1993)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)On Persistence in Mutual Fund Performance (1997)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Investor Psychology and Asset Pricing (2001)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Noise Trader Risk in Financial Markets (1990)Investor Psychology and Security Market Under‐ and Overreactions (1998)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Hedonic housing prices and the demand for clean air (1978)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Conducting Discrete Choice Experiments to Inform Healthcare Decision Making (2008)Conditional value-at-risk for general loss distributions (2002)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)The relationship between corporate social responsibility and shareholder value: an empirical test of the risk management hypothesis (2008)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*19,431 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1952PORTFOLIO SELECTION*13,480 cited
  • 1966A New Approach to Consumer Theory8,466 cited
  • 1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets7,600 cited
  • 1976The arbitrage theory of capital asset pricing7,081 cited
  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1991Efficient Capital Markets: II5,346 cited
  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 2000Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors3,953 cited
  • 1985The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence3,550 cited
  • 2011Does the stock market fully value intangibles? Employee satisfaction and equity prices2,504 cited
  • 1952The Utility of Wealth1,845 cited
  • 2000Behavioral Portfolio Theory1,040 cited
  • 2009Sensation Seeking, Overconfidence, and Trading Activity822 cited

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1984
Explaining investor preference for cash dividends
687 cited

Cited by

  • 2018Environmental, Social and Governance (ESG) and Investment Decision in Bangladesh180 cited
  • 2020Exploring market overreaction, investors’ sentiments and investment decisions in an emerging stock market141 cited
  • 2019Investor sentiment and stock return volatility: Evidence from the Johannesburg Stock Exchange129 cited
  • 2020Individual investors’ intention towards SRI in India: an implementation of the theory of reasoned action83 cited
  • 2016A qualitative inquiry into the investment decision behaviour of the Malaysian stock market investors72 cited
  • 2020Fundamental and behavioural determinants of stock return volatility in ASEAN-5 countries71 cited
  • 2021Dynamic portfolio rebalancing through reinforcement learning62 cited
  • 2017Institutional investor behavioral biases: syntheses of theory and evidence61 cited
  • 2015Determination of Factors Affecting Individual Investor Behaviours: A Study on Bankers46 cited
  • 2019Investor behavior in equity crowdfunding43 cited
  • 2021Effect of Regret Aversion and Information Cascade on Investment Decisions in the Real Estate Sector: The Mediating Role of Risk Perception and the Moderating Effect of Financial Literacy41 cited
  • 2018Religion based investing and illusion of Islamic Alpha and Beta41 cited
  • 2019Pengaruh Cognitive Dissonance Bias, Overconfidence Bias Dan Herding Bias Terhadap Pengambilan Keputusan Investasi40 cited
  • 2018Measuring behavioural biases affecting real estate investment decisions in India: using IRT38 cited
  • 2019Value matters or values matter? An analysis of heterogeneity in preferences for sustainable investments38 cited
  • 2019Sub-optimal behavioural biases and decision theory in real estate33 cited