Journal of Behavioral and Experimental Finance

Artificial intelligence (AI) and corporate governance: Evidence from board size We examine the effect of board size on the adoption of artificial intelligence (AI)-skilled employees, a critical determinant of firms’ ability to lev…

Forthcoming in JBEF: “Artificial intelligence (AI) and corporate governance: Evidence from board size” by P. Chatjuthamard, P. Jiraporn, and S. M. Lee. www.sciencedirect.com/science/arti...

Emotional dynamics and knowledge spillover in collaborative innovation This study examines the impact of emotional factors and knowledge spillover on the behavioral tendencies of firms, universities, and research institut…

Forthcoming in JBEF: “Emotional Dynamics and Knowledge Spillover in Collaborative Innovation” by Z. Che, W. Yang, C. Wu, and Q. Gao.
www.sciencedirect.com/science/arti...

An agent-based model of rumor-induced volatility in financial markets Rumors in financial markets impact investors’ decisions, driving asset prices away from their fundamental valuations. From a regulatory perspective, i…

Forthcoming in JBEF: “An agent-based model of rumor-induced volatility in financial markets” by V. B. Marisetty, W. van Heeswijk, and A. Narayanan. www.sciencedirect.com/science/arti...

Cultural celebrations and investor gambling behavior We document a surge in gambling demand surrounding the Lunar New Year (LNY) period in the Chinese A-share market. Lottery-like stocks significantly ou…

Forthcoming in JBEF: “Cultural celebrations and investor gambling behavior” by J. H. Fan, M. Li, and X. Wang. www.sciencedirect.com/science/arti...

Procrastination in personal finance: Implications for estate planning and retirement satisfaction Despite concerns that many older adults delay essential financial decisions, there is limited population-level evidence linking measured procrastinati…

Forthcoming in JBEF: “Procrastination in personal finance: Implications for estate planning and retirement satisfaction” by R. Shah and A. Mukherjee. www.sciencedirect.com/science/arti...

Golden eye — How traders focus on and select information in experimental asset markets In this study, we examine the subjective importance that traders attribute to specific information elements in experimental asset markets in two ways.…

Forthcoming in JBEF: “Golden eye — How traders focus on and select information in experimental asset markets” by M. Herrmann-Romero, S. Liegl, M. Angerer, and T. Stöckl. www.sciencedirect.com/science/arti...

Testing axiomatizations of ambiguity aversion The study of choice under uncertainty has advanced through key “paradoxes,” such as the Ellsberg paradox. We implement Machina’s (2014) three-outcome …

Forthcoming in JBEF: “Testing axiomatizations of ambiguity aversion” by D. L. Chen. www.sciencedirect.com/science/arti...

The dynamics of cryptocurrency market from behavioral finance perspective This study constructs a Composite Investor Sentiment Index (CIST) integrating six behavioral and market-based proxies to examine how investor sentimen…

Forthcoming in JBEF: “The Dynamics of Cryptocurrency Market from Behavioral Finance Perspective” by B. Almisshal and H. İ. Bulut. www.sciencedirect.com/science/arti...

Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy This paper investigates the influence of objective, subjective, and digital financial literacy on individuals’ propensity to utilise online services f…

Forthcoming in JBEF: “Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy” by D. Aristei and M. Gallo. www.sciencedirect.com/science/arti...

Racial differences in expected stock market performance and stock ownership There are significant racial differences in expectations regarding future stock market performance. Using data from the Federal Reserve Bank of New Yo…

Forthcoming in JBEF: “Racial Differences in Expected Stock Market Performance and Stock Ownership” by A. M. Hibbert and S. Yang. www.sciencedirect.com/science/arti...

CEOs, parenthood, and corporate misconduct This study examines whether CEOs’ personal experiences as parents influence corporate ethical behavior. Drawing on the female socialization hypothesis…

Forthcoming in JBEF: “CEOs, Parenthood, and Corporate Misconduct” by H. Donker, J. Nofsinger, and C. A. Shank. www.sciencedirect.com/science/arti...

Anchoring on safe haven: Russia–Ukraine war effects on the cryptocurrency market To investigate whether investors display anchoring bias when seeking safe havens during market downturns, we analyze the cryptocurrency market amid th…

Forthcoming in JBEF: “Anchoring on safe haven: Russia–Ukraine war effects on the cryptocurrency market” by I. Popova, Y. Liu, and H.-C. Yi. www.sciencedirect.com/science/arti...

Corrigendum to “Higher order risk attitudes of financial experts” [J. Behav. Exp. Finance 34 (2022) 100658]

Forthcoming in JBEF: “Corrigendum to ‘Higher order risk attitudes of financial experts’ [J. Behav. Exp. Finance 34 (2022) 100658]” by A. Bottasso, S. Duchêne, E. Guerci, N. Hanaki, and C. N. Noussair. www.sciencedirect.com/science/arti...

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Do Aggressive CFOs Borrow Short-term? We study whether CFOs’ psychological traits affect debt maturity choices. Using facial width-to-height ratio (fWHR) as a proxy for achievement drive, …

Forthcoming in JBEF: “Do Aggressive CFOs Borrow Short-term?” by Y. K. Gam, A. Kim, J. Park, and H. Shin. www.sciencedirect.com/science/arti...

Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China This study examines whether and how merchant guilds’ historical traditions affect the stock price crash risk of Chinese firms. Using a comprehensive s…

Forthcoming in JBEF: “Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China” by H. Su, J. Huang, and L. Chen. www.sciencedirect.com/science/arti...

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Conducting real-time interactive experiments online: A guide for researchers The COVID-19 pandemic has accelerated the shift towards online behavioral experiments and the increased adoption of crowdsourcing platforms for partic…

Forthcoming in JBEF: “Conducting Real-Time Interactive Experiments Online: A Guide for Researchers” by S. L. Flecke and S. Bachler. www.sciencedirect.com/science/arti...

Beyond Performance: Exploring trade-offs in the design of financial algorithms We investigate the trade-offs involved in encouraging the adoption of stock-trading algorithms. In a three-week artificial stock market experiment, in…

Forthcoming in JBEF: “Beyond Performance: Exploring trade-offs in the design of financial algorithms” by A. Gaudeul and C. Giannetti. www.sciencedirect.com/science/arti...

Women’s empowerment through financial literacy in a developed country This paper presents the results of a financial literacy intervention conducted in collaboration with two Italian NGOs supporting women in distress, su…

Forthcoming in JBEF: “Women’s empowerment through financial literacy in a developed country” by P. Bello, A. Cristini, E. Manzoni, F. Origo, M. Puca, and C. Sturaro. www.sciencedirect.com/science/arti...

Investor attention and stock markets dynamics: Evidence from the COVID-19 pandemic We examine the role of pandemic attention in stock market dynamics during the coronavirus pandemic. We show that the amount of attention paid to pande…

Forthcoming in JBEF: “Investor attention and stock markets dynamics: Evidence from the COVID-19 pandemic” by R. C. Verhoeks, W. F. C. Verschoor, and R. C. J. Zwinkels. www.sciencedirect.com/science/arti...

Communication of ECB Governing Council members: Impact on intraday financial markets from media messages The goal of this paper is to determine the heterogeneity in media messages across the ECB Governing Council members, employing the GPT language model,…

Forthcoming in JBEF: “Communication of ECB Governing Council Members: Impact on Intraday Financial Markets from Media Messages” by L. Jurkšas and R. Kaminskas. www.sciencedirect.com/science/arti...

Personalized reminders: Evidence from a field experiment with voluntary retirement savings in Colombia A large share of the global workforce lacks access to employer-sponsored retirement plans. In Colombia, where labor informality is high, the governmen…

Forthcoming in JBEF: “Personalized reminders: Evidence from a field experiment with voluntary retirement savings in Colombia” by J. Gars, L. Prada, E. Tripodi, and S. Borda. www.sciencedirect.com/science/arti...

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...