Journal of Behavioral and Experimental Finance

Undefined benefit: Projections and anchors as guides to retirement decumulation Most defined contribution retirement income systems assume that retiring participants have the know-how and confidence to turn their lump sum savings …

Forthcoming in JBEF: “Undefined benefit: Projections and anchors as guides to retirement decumulation” by B. R. Newell, H. Bateman, L. Dobrescu, J. Embrey, R. Nian, and S. Thorp. www.sciencedirect.com/science/arti...

The effect of social comparison on debt taking: Experimental evidence A number of studies show a link between social comparison and high levels of household debt. However, the exact underlying mechanisms are not yet well…

Forthcoming in JBEF: “The effect of social comparison on debt taking: Experimental evidence” by A. Grohmann and M. Koch. www.sciencedirect.com/science/arti...

Mental framing effects in dynamic portfolio choice We present experimental evidence of systematic decision errors in dynamic portfolio choice. Participants created contingency plans in a lattice model.…

Forthcoming in JBEF: “Mental framing effects in dynamic portfolio choice” by E. De Giorgi, A. Omar, and T. Post. www.sciencedirect.com/science/arti...

Zero intelligence in an Edgeworth box Gode and Sunder (1993) brought a lower-bound to the literature on bounded rationality in the continuous double auction, asserting the institutional ru…

Forthcoming in JBEF: “Zero intelligence in an edgeworth box” by B. Williams. www.sciencedirect.com/science/arti...

Under the shield: How directors’ and officers’ liability insurance affects corporate greenwashing The dual-edged nature of Directors’ and Officers’ liability insurance (D&O insurance) draws our attention to exploring how it influences corporate gre…

Forthcoming in JBEF: “Under the Shield: How Directors’ and Officers’ Liability Insurance Affects Corporate Greenwashing“ by C. Tang, G. Yang, and X. Liu. www.sciencedirect.com/science/arti...

Proximity-powered attention: Exploring spatial spillover in investor attention This paper examines the transmission of investor attention between firms based on geographical proximity and product market similarity using EDGAR sea…

Forthcoming in JBEF: “Proximity-powered attention: Exploring spatial spillover in investor attention“ by K. R. Lehmann and P. N. Posch. www.sciencedirect.com/science/arti...

Does CEO accent impact investors’ investment decision? We explore the impact of CEO accent on the investment decisions of non-professional investors and the drivers of such investment decisions. Using AI t…

Forthcoming in JBEF: “Does CEO accent impact investors’ investment decision?“ by D. Kale and A. Triki. www.sciencedirect.com/science/arti...

The economic value of “Kosher” impact banking Financial institutions around the world are aware of customers' ambitions to conduct their financial activities in accordance with their values. In re…

Forthcoming in JBEF: “The Economic Value of ‘Kosher’ Impact Banking“ by Y. B. Eli, T. Kalagy, and M. Rosenboim. www.sciencedirect.com/science/arti...

Bias in cryptocurrency investing: The effect of financial and moral considerations In an experimental investment allocation task, we find that the average participant did not appear to factor cryptocurrency’s social aspects into thei…

Forthcoming in JBEF: “Bias in Cryptocurrency Investing: The Effect of Financial and Moral Considerations“ by H. Shahriari, A. Stivers, and M. Tsang. www.sciencedirect.com/science/arti...

Exploring the impact of identity fusion on managerial decision-making in eponymous firms This study examines how identity fusion influences managerial decision-making in family-owned businesses, with a particular focus on eponymous firms. …

Forthcoming in JBEF: “Exploring the impact of Identity Fusion on Managerial Decision-Making in Eponymous Firms“ by Y. Mugerman and R. Rooz. www.sciencedirect.com/science/arti...

Professional skepticism and behavioral bias in financial professionals Over the past few years professional skepticism has received attention from various stakeholders such as policymakers, practitioners, regulators, and …

Forthcoming in JBEF: “Professional skepticism and behavioral bias in financial professionals“ by C. de Klerk, Z. Enslin, and J. Hall. www.sciencedirect.com/science/arti...

Does climate risk perception drive the realization of corporate environmental responsibility? This paper explores the impacts and mechanisms of climate risk perception on the realization of environmental responsibility from a micro-firm perspec…

Forthcoming in JBEF: “Does climate risk perception drive the realization of corporate environmental responsibility“ by L. Tian, H. Wu, and X. Zhu. www.sciencedirect.com/science/arti...

Extending the technology acceptance model (TAM): Factors influencing behavioural intentions of investors to use the advice of finfluencers Financial Influencers (Finfluencers) have a considerable influence on investment advice, and they use multiple social media platforms to reach target …

Forthcoming in JBEF: “Extending the technology acceptance model (TAM): Factors influencing behavioural intentions of investors to use the advice of finfluencers“ by A. Chandani, M. Sanghvi, S. Wagholikar, M. Pathak, S. Bagade, P. Ubarhande, and U. Saini. www.sciencedirect.com/science/arti...

Empowering consumers: an experimental study of human and AI intermediary in insurance decision-making Insurance institutions are increasingly leveraging AI to optimize operations, and insurance intermediaries, which are designed to facilitate consumer …

Forthcoming in JBEF: “Empowering Consumers: An Experimental Study of Human and AI Intermediary in Insurance Decision-Making“ by X. Yang, T. Xia, E. Zhang, and X. Zhou. www.sciencedirect.com/science/arti...

Diffusion of mobile banking among rural women: Incentivizing local leaders vs. a marketing campaign How can we promote the adoption of mobile banking among the socially and economically disadvantaged? We compare the effectiveness of two strategies, s…

Forthcoming in JBEF: “Diffusion of mobile banking among rural women: Incentivizing local leaders vs. a marketing campaign“ by P. Brañas-Garza, J. Kovářík, and E. G. Rascón-Ramírez. www.sciencedirect.com/science/arti...

Why does good news increase stock price crash risk: An explanation based on the gambling channel This study investigates the relationship between corporate performance and stock price crash risk, uncovering an intriguing phenomenon: higher corpora…

Forthcoming in JBEF: “Why does good news increase stock price crash risk: An explanation based on the gambling channel“ by L. Yang and E. T. Lee. www.sciencedirect.com/science/arti...

Dynamic risk spillovers between crude oil futures and the Chinese stock market under exogenous shocks: A refined analysis with stock clustering This study examines the dynamic relationship between the Chinese stock market and Brent futures under external shocks from January 2016 to December 20…

Forthcoming in JBEF: “Dynamic risk spillovers between crude oil futures and the Chinese stock market under exogenous shocks: A refined analysis with stock clustering“ by H. Guo, W. Zhao, B. Jia, and C. Sui. www.sciencedirect.com/science/arti...

Board of Directors’ connections, gender, and firm performance in a male-dominated industry: Evidence from U.S. banking Existing literature has studied the role of within-firm networks, but given that the vast majority of connections are between men, its conclusions are…

Forthcoming in JBEF: “Board of Directors’ Connections, Gender, and Firm Performance in a Male-Dominated Industry:Evidence from U.S. Banking“ by A. L. Owen, J. Temesvary, and A. Wei. www.sciencedirect.com/science/arti...

The effect of stock market manipulation on investor behavioral bias Utilizing a closing price manipulation detection model, we investigate the impact of market manipulation on investor behavioral biases. We find that t…

Forthcoming in JBEF: “The effect of stock market manipulation on investor behavioral bias“ by J. Liu, J. Zhang, and Z. Chen. www.sciencedirect.com/science/arti...

On-screen reading vs. On-paper reading: Does it influence trust and risk differently? On-screen Reading vs. On-paper Reading: Does It Influence Trust and Risk Differently?The current shift in reading medium is from on-paper reading to r…

Forthcoming in JBEF: “On-screen Reading vs. On-paper Reading: Does It Influence Trust and Risk Differently?“ by J. P. Harrison and S. Samaddar. www.sciencedirect.com/science/arti...

Girls will be girls? The gendered effect of financial overconfidence on credit card delinquency We investigate the impact of financial overconfidence on credit card behavior among men and women. We operationalize financial overconfidence as a dis…

Forthcoming in JBEF: “Girls will be Girls? The Gendered Effect of Financial Overconfidence on Credit Card Delinquency“ by M. Chhatwani. www.sciencedirect.com/science/arti...

How does the smart money feel? Hedge fund sentiment, returns, and the business cycle We examine the relationship between the business cycle, sentiment, and the returns of listed U.S. hedge funds. Using Natural Language Processing (NLP)…

Forthcoming in JBEF: “How does the smart money feel? Hedge fund sentiment, returns, and the business cycle“ by H. Yahyaei, A. Singh, and T. Smith. www.sciencedirect.com/science/arti...

The effects of public disclosures and information acquisition on price informativeness in a multi-attribute asset market We report a laboratory experiment that evaluates the impact of public information disclosures on a real decision maker’s capacity to learn about the c…

Forthcoming in JBEF: “The Effects of Public Disclosures and Information Acquisition on Price Informativeness in a Multi-Attribute Asset Market“ by D. Davis, O. Korenok, and J. Lightle. www.sciencedirect.com/science/arti...

Hedge Funds, Short Sales, and the 52-week High Hedge funds tend to significantly reduce their shareholdings when a firm’s short interest is high and its share price is close to its 52-week high. In…

Forthcoming in JBEF: “Hedge Funds, Short Sales, and the 52-week High“ by Y. Rui and R. B. Durand. www.sciencedirect.com/science/arti...

Cybersecurity risk and bank risk-taking This paper investigates the influence of cybersecurity risk on banks’ risk-taking behavior. Utilizing data from U.S. banks spanning 1998–2018, we find…

Forthcoming in JBEF: “Cybersecurity risk and bank risk-taking“ by Z. Sulong, M. H. R. Fuszder, M. Abdullah, and E. J. A. Abakah. www.sciencedirect.com/science/arti...

Are credit scores gender-neutral? Evidence of mis-calibration from alternative and traditional borrowing data This study investigates whether credit scoring systems inherently disadvantage women within the subprime borrowing context, where alternative credit d…

Forthcoming in JBEF: “Are credit scores gender-neutral? Evidence of mis-calibration from alternative and traditional borrowing data“ by Z. Liu and H. Liang. www.sciencedirect.com/science/arti...

Why do females display lower financial risk propensity than males? Evidence from structural MRI and resting-state fMRI Understanding why females and males differ in financial risk-taking is important for both theory and practice. This study integrates neuroscience and …

Forthcoming in JBEF: “Why do females display lower financial risk propensity than males? Evidence from structural MRI and resting-state fMRI“ by H. Ren, S. Sun, Z. Zhong, and S. Wang. www.sciencedirect.com/science/arti...

The effectiveness of female chief financial officers in managing working capital: Evidence from US-listed firms This paper examines how female Chief Financial Officers (CFOs) influence working capital management in U.S. public firms, documenting that female CFOs…

Forthcoming in JBEF: “The Effectiveness of Female Chief Financial Officers in Managing Working Capital: Evidence from US-Listed Firms“ by A.Tarkom, L. Nochebuena-Evans, and H. Wang. www.sciencedirect.com/science/arti...

JBEF on the rise!
We’re proud to share a new milestone: an Impact Factor of 4.7, placing the Journal of Behavioral and Experimental Finance at rank 29/241 in BUSINESS, FINANCE (prev. IF 4.3 | rank 33/231). A clear sign of JBEF’s growing relevance — thanks to all contributors for your great support!

JBEF invites paper submissions to a Special Issue on "Experimental Sustainable Finance". Learn more at www.sciencedirect.com/special-issu....