Behavioral finance studies the application of psychology to finance, with a focus on
individual-level cognitive biases. I describe here the sources of judgment and decision …

We study how managers respond to hurricane events when their firms are located in the
neighborhood of the disaster area. We find that the sudden shock to the perceived liquidity …

We survey the theory and evidence of behavioral corporate finance, which generally takes
one of two approaches. The market timing and catering approach views managerial …

This paper investigates the pricing of bank loans relative to capital market debt. The analysis
uses a novel sample of loans matched with bond spreads from the same firm on the same …

This article explores consumers' attitude toward and purchase intention of organic food
regarding the influence of the framing effect and anchoring effect and the role of knowledge …

Previous empirical studies find that lottery-like stocks significantly underperform their non-
lottery-like counterparts. Using five different measures of the lottery features in the literature …

Using daily fluctuations in local sunshine as an instrument for sentiment, we study its effect
on day-to-day decisions of lower-level financial officers. Positive sentiment is associated …

This paper studies the cross-sectional risk–return trade-off in the stock market. A
fundamental principle in finance is the positive relation between risk and expected return …

Background The DIETFITS trial reported no significant difference in 12-month weight loss
between a healthy low-fat and healthy low-carbohydrate diet. Participants were instructed to …

Does partisanship influence the way investors price financial assets? Using voter
registration data of bankers originating large corporate loans, we show that bankers whose …