We assess the impact of investor sentiment on future stock returns in 50 global stock
markets. Using the consumer confidence index (CCI) as the sentiment proxy, we document a …

We investigate the role of national culture in corporate risk-taking. We postulate that culture
influences corporate risk-taking both through its effect on managerial decision-making and …

The goal of this research is to examine the effect of five intrinsic factors, namely, personality,
culture, materialism, shopping enjoyment tendency, and impulsive buying tendency on …

While investor sentiment has been shown to have a robust, direct impact on stock returns,
we know little about how it impacts returns through an indirect channel from conditional …

Consistent with predictions from the psychology literature, we find that stock prices co-move
more (less) in culturally tight (loose) and collectivistic (individualistic) countries. Culture …

We examine the formation and evolution of corporate risk culture, that is, the preferences
toward risk and uncertainty shared by a firm's leaders, as well as its effect on corporate …

Despite the impressive adoption of cryptocurrencies since Bitcoin was introduced in 2008,
little academic attention has been paid to the role of interpersonal trust in fostering this …

Employing a sample of 26,473 firms across 42 countries from 1990 to 2013, we find that
firms located in countries with higher individualism have higher stock price crash risk …

Purpose Motivated by the increasing momentum of environmental, social and governance
(ESG) investing, this research aims to test the impact of ESG-related news on stock returns …

This investigation is among the first to examine the presence of herd behavior in the
Mongolian stock market. Herding behavior was analyzed for the full sample data (1999 to …