The efficient-market hypothesis (EMH) is one of the most important economic and financial
hypotheses that have been tested over the past century. Due to many abnormal phenomena …

Unprecedented non-pharmaceutical interventions targeted to curb the spread of COVID-19
exerted a dramatic impact on the global economy and financial markets. This study is the …

Purpose. When many anomalies challenge efficiency market hypothesis and rationality,
behavioral finance theories are developed to investigate the psychological effects on human …

We develop and test a model which links information acquisition decisions to the hedonic
utility of information. Acquiring and attending to information increases the psychological …

Behavioral finance is the study of how psychology affects financial decision making and
financial markets. It is increasingly becoming the common way of understanding investor …

This paper investigates financial attention using novel panel data on daily investor online
account logins. We find support for selective attention to portfolio information. Account logins …

We explore the impact of the COVID-19 pandemic on the term structure of interest rates.
Using data from developed and emerging countries, we demonstrate that the expansion of …

We examine how social media plays the role of an attention driver for traditional media.
Social media attracts and channels attention to a topic. This attention triggers people to seek …

The outbreak of the novel corona virus has heightened concerns surrounding the adverse
financial effects of the outbreak on stock market liquidity and economic policies. This paper …

This paper examines the impact of the COVID-19 pandemic on the liquidity of Chinese stock
market, while accounting for heterogeneity and transmission channels. The analysis …