While it is known that emotions affect financial markets, there has been little collective
examination of the literature in terms of identifying, for instance, which emotions, under what …

Volatility is an important component of asset pricing; an increase in volatility on markets can
trigger changes in the risk distribution of financial assets. In conventional financial theory …

This systematic literature review summarizes the extant research in the Behavioral Finance
(BeFi) and digital asset spaces to understand better the interactions of behavioral effects on …

The study investigates hypotheses relating to the effect of investor sentiment on predicting
bitcoin returns and volatility. Using moments quantile regression, we present robust …

In this study, we examine the valuation effect of ESG performance using a sample of 895
European companies. The misvaluation of the company is determined by the ratio of its …

Investor sentiment may not only influence financial instability, it may also be shaped by it.
Moreover, such causal links may differ over time, in crisis and non-crisis periods. This is a …

We propose to implement the TVP-VAR-SV model and the spillover index approach to
investigate the dynamics of mutual influences between market volatility and risk aversion …

In this study, we investigate whether economic policy uncertainty (EPU) can impact on future
volatility based on the multifractal insight. Our estimation results show that the impact of EPU …

Emanating from the influential survey of Barberis and Thaler (2003), this systematic literature
review examines the significant volume of studies on behavioral finance from 36 reputable …

This research explores the impact of individual investor sentiment derived from social
networks on stock market returns. Using keyword-based techniques, we collect and analyze …