Behavioural Finance: A Review and Synthesis Academic Article uri icon

abstract

  • "I provide a synthesis of the Behavioural finance literature over the past two decades. I review the literature in three parts, namely, (i) empirical and theoretical analyses of patterns in the cross-section of average stock returns, (ii) studies on trading activity, and (iii) research in corporate finance. Behavioural finance is an exciting new field because it presents a number of normative implications for both individual investors and CEOs. The papers reviewed here allow us to learn more about these specific implications." Copyright 2007 The Author Journal compilation (c) Blackwell Publishing Ltd.

publication date

  • January 1, 2008

has subject area