Behavioral Finance - Science topic

The financial markets have witnessed a paradigm shift due to the increasing influence of social media. Viral trends and influencer-driven investment narratives have the potential to create speculative bubbles, manipulate market movements, and disrupt traditional financial decision-making. This study explores the intersection of influencer culture,...

Abstrak: Meskipun secara umum memiliki akses ke perangkat keuangan seluler dan kesempatan belajar yang lebih baik, banyak orang dewasa muda terus menunjukkan kebiasaan menabung yang buruk, yang menunjukkan adanya kesenjangan antara instrumen keuangan, pengetahuan, dan perilaku ekonomi yang sebenarnya. Penelitian ini bertujuan untuk menyelidiki damp...

Behavioral Finance tries to understand and explain the reasons for irregularities in an investor’s investment decision. This study aims to understand the behavioral biases common to Indo- Arabian investors and how finance managers and practitioners can better address these issues to attract potential investors and retain existing ones. The study co...

This paper systematically reviews the existing research on the relationship between investor sentiment and corporate innovation output, with a particular focus on the unique value of financial social media as a novel data source. By comparing traditional finance and behavioral finance theoretical frameworks, the evolution of the connotation of inve...

Most of the huge losses of Chinese financial enterprises in the international market are concentrated in the failure of gambling with enterprises in other countries, which is not only due to the mistakes in internal management decisions, but also due to the deliberate set-up of the counterparty through the skillful application of psychological prin...

Small and Medium-sized Enterprises are essential for driving economic growth, generating employment, and promoting innovation worldwide. Despite their importance, SMEs in developing economies, such as Uganda, face challenges related to inadequate debt management practices, financial constraints, and unsustainable growth trends. This research analyz...

Blockchain technology, as a decentralized and distributed ledger system, has rapidly evolved from a niche innovation underpinning cryptocurrencies to a disruptive force reshaping global financial markets. This paper critically examines the extensive impact of blockchain on investor behavior and market sensitivity by integrating insights from behavi...

This study explores how Environmental Concern and Perceived Consumer Effectiveness (PCE) influence investors' willingness to invest in environmentally friendly firms. It examines behavioural finance aspects, particularly how individual investors perceive their role in sustainable investment decisions. Methodology A quantitative research approach wa...

Extreme events, such as market crashes, natural disasters, and pandemics, are rare but catastrophic, often triggering cascading failures across interconnected systems. Accurate prediction and early warning can help minimize losses and improve preparedness. While data-driven methods offer powerful capabilities for extreme event modeling, they requir...

The Minority Game has been widely used to model decision-making and capture qualitative dynamics in simplified market settings. Prior research has predominantly focused on individual learning processes. Here we investigate how both individual and social learning shape market outcomes in the framework of the Minority Game. Social learning occurs by...

The rapid growth of Environmental, Social, and Governance (ESG) investing has raised concerns about the formation of green asset bubbles-situations where the prices of sustainable assets become inflated beyond their fundamental values. This paper examines the phenomenon of ESG overvaluation through the lens of behavioral finance, exploring how cogn...

The purpose of this study was to determine some of the effects of bias, namely self-attribution bias on investment decision making, mental accounting on investment decision making, familiarity bias on investment decision making, and risk tolerance on investment decision making. The theory used is behavioral finance theory and prospect theory. This...

this study examines how personality traits, prospect theory elements, and heuristic factors affect stock market investment choices. By drawing on behavioral finance theories, the study highlights the critical role of individual traits, emotional inclinations, and cognitive biases in influencing investor behavior. Representativeness, herd behavior,...

We investigate the degree of asymmetry in the variance risk premium (VRP) using SSE 50 ETF options in the Chinese market. Our approach decomposes the VRP into upside and downside components and quantifies the dynamic spillover asymmetry measure (SAM). This innovative methodology enables us to explore the asymmetric volatility information embedded i...

The small and medium-sized enterprises (SMEs) located in Embu Town, Kenya, have encountered significant challenges that have hindered their ability to achieve their financial growth objectives. As a result, many SMEs in this region find themselves struggling to realize their full potential and contribute to the local economy as they had initially i...

The rapid growth of Environmental, Social, and Governance (ESG) investing has raised concerns about the formation of green asset bubbles-situations where the prices of sustainable assets become inflated beyond their fundamental values. This paper examines the phenomenon of ESG overvaluation through the lens of behavioral finance, exploring how cogn...

Green bonds have emerged as a cornerstone of sustainable finance, attracting growing investor interest due to their environmental appeal and perceived alignment with global sustainability goals. However, their pricing often reflects more than just financial fundamentals. This paper explores how sustainability signaling-through green labels, certifi...

This study examines the role of behavioral finance tools in shaping financial decision-making in Kazakhstan. While traditional finance theories assume rational behavior, real-world decisions are often influenced by cognitive biases such as overconfidence, loss aversion, and present bias. Using a qualitative approach and secondary data, the research...

This study investigates the short-term market reaction to the announcement of Indonesia’s sovereign wealth fund (SWF), Danantara, using a dual-framework approach that combines price-based and microstructure-based measures. Although sovereign wealth funds are intended to boost investor confidence and attract long-term capital, the Indonesian equity...

This study explores how herding behavior influences cryptocurrency investment decisions among investors in Bandung Raya area. The study is driven by the growing involvement in digital asset markets and the psychological biases influencing investor actions. Using a quantitative method, data were collected from 157 purposively selected respondents th...

The sudden arrival of digital investing platforms like Robinhood, Groww, and Zerodha has transformed the retail investing ecosystem, particularly among youth cohorts. These platforms employ advanced gamification strategies-features like confetti animations, leaderboards, and daily challenges-to create engaging user experiences. This present researc...

Amid growing concerns over financial illiteracy and the declining integration of spiritual values in modern Christian economic life, this study constructs a conceptual model of Christian personal financial stewardship based on a symbolic exegesis of Proverbs 30:24–28. The passage presents four small creatures—the ant, rock hyrax, locust, and lizard...

This paper introduces a probability-weighted framework for stock valuation and portfolio construction. By modeling a range of earnings and valuation outcomes and applying probability weights, investors can move beyond static price targets to build more intellectually honest, dynamic valuation dashboards. Drawing on behavioral finance principles and...

Many MSME players do not have basic knowledge about financial management, such as cash flow management, financial recording, and understanding financial products. This deficiency makes them vulnerable to errors in financial decision making, such as inefficient use of loans or inappropriate investments. This research aims to analyze financial litera...

In the research on the correlation between "risk and return", the capital pricing model and arbitrage pricing model have always occupied an important position, but in recent years, when the research market continues to expand and the research indicators are constantly enriched, the negative correlation between tail risk and cross-sectional returns...

Price explosiveness, typically observed in speculative markets such as cryptocurrencies and meme stocks, can also impact stable, mature stocks like those in the Dow Jones Industrial Average (DJIA). This study explores price explosiveness within the DJIA and examines how textual sentiment from news and social media influences this phenomenon. To ide...

Financial literacy is essential for making smart investment decisions, yet many individuals lack the knowledge needed to manage their finances effectively. This study conducts a bibliometric review of existing literature on financial literacy and investment decision using data sourced from OpenAlex, a comprehensive open-access scholarly database. B...

In order to comprehend the substantial impact of psychological factors on financial decision-making, this research project explores the fields of investor psychology and behavioural finance. The rational decision-making assumption that underlies many conventional financial models ignores the significant influence of psychological factors, whic...

To investigate which factors should be assessed by investor profile analysis/suitability questionnaires (IPAQ) in the opinions of Brazilian investors, we applied a questionnaire with open and closed questions to 11 researchers in the field of behavioral finance (RSCHR), 31 financial market professionals (PRO) and 28 individual investors (II). We an...

This study investigates the role of contextuality in investment preference formation, specifically in global investments and major US stocks. Utilizing the "Contextuality by Default" framework (Dzhafarov and Kujala in PLoS ONE 8:e61712, 2013; J Math Psychol 74:11–33, 2016), we measure contextuality within a cyclic system of random variables. Throug...

RESUMO Este estudo investiga a influência dos vieses comportamentais na tomada de decisão financeira e como esses fatores aumentam a vulnerabilidade dos indivíduos a golpes financeiros. A pesquisa adota uma abordagem qualitativa, combinando revisão bibliográfica e análise de estudos de caso para identificar padrões comportamentais explorados por fr...

Loss aversion, as a core concept in behavioral finance, posits that individuals prefer to avoid losses rather than acquiring equivalent gains. This psychological bias has become a strategic asset for companies. This article examines the operational models of Apple Care and Tesla's extended warranty services to reveal how enterprises capitalize on c...

In financial markets, the size effect manifests as the phenomenon where stocks of small-cap companies yield higher long-term returns than those of large-cap companies. Based on the efficient market hypothesis, traditional finance attributes the size effect to risk compensation, but this theory struggles to explain the uniqueness of China's stock ma...

This paper aims to present a comprehensive review of existing literature that explores the interplay between psychological factors and investors’ financial behavior in the context of significant events. We retrieved data from the Scopus database from 1991 to 2023. We employed content analysis and bibliometric analysis to reveal the publication tren...

This paper constructs a critical political economy framework to dissect the complex phenomena exhibited by Bitcoin (BTC), a controversial crypto-asset, in its value construction, technological practices, and geopolitical interactions. Integrating behavioral finance (to understand speculative dynamics informed by concepts like narrative economics an...

This study aimed to evaluate the impact of financial literacy and its dimensions on the individual’s perception of financial freedom. In addition, we aimed to evaluate how both are perceived by different genders and races. The survey was carried out with 2920 respondents over 18 years old. As analysis techniques, we used confirmatory factor analysi...

Purpose: This study looked at how swaps derivative instruments affected the performance of non-financial companies listed at Nairobi Security Exchange in Kenya. Methodology: The study employed behavioral finance theory to guide the examination of these financial tools. Data was collected from all the 15 non-financial institutions listed at NSE as p...

This study examines the effect of Twitter economic policy uncertainty (TEU) directed at the USA and China on clean energy stock prices using wavelet analysis. Using a sample period between 2011 and 2022, we investigate the coherence of the variables in a time–frequency space. Our results show that TEU has a significant impact on the prices of clean...

This study investigates the relationship between global uncertainty indices and bank stock returnsthrough the lens of behavioral finance. Using monthly data from January 2010 to December2024, the analysis incorporates three regional banking indices—S&P 500 Bank Index (USA), MSCIWorld Banks Index (Global), and BIST XBANK Index (Türkiye)—and two prom...

Against the backdrop that traditional asset pricing models fail to adequately explain the equity premium puzzle, this paper explores the reasons for the stock premium from the momentum effect and reversal effect in behavioral finance. Through the research of stock premium, this paper attempts to put forward suggestions for enhancing market efficien...

This study explores traders' decision-making processes facing gains and losses, using behavioral finance and Prospect Theory as frameworks for analysis. Rejecting the assumption of perfectly rational agents, the research aims at understanding the psychological and behavioral mechanisms underlying choices in situations of risk and uncertainty. Contr...

In traditional finance theory, the Capital Asset Pricing Model (CAPM) has long been the dominant theory for asset valuation. However, the exist and prevalent of the irrational investment behaviors in real-world markets lead to deviations between the CAPM predicted prices and actual asset prices, which raising doubts about the accuracy of the CAPM....

Esta pesquisa investiga os fatores que levam investidores das classes A, B e C no Brasil a preferirem a caderneta de poupança, mesmo diante de alternativas financeiras mais rentáveis. A pesquisa adota uma abordagem qualitativa, combinando entrevistas com gerentes de bancos e análise documental, para explorar o impacto da educação financeira, perfil...

This study investigates the role of investor psychology, heuristics, and cognitive biases in contributing to stock market anomalies and irrational investment choices. Key psychological factors examined include overconfidence, anchoring, loss aversion, and herd behavior. Adopting a mixed-methods approach, the research combines responses from 400 inv...

The research examines the extent to which financial well-being and behavioural factors impact investors' decision. Its objectives are to explore perceived financial well-being, examine behavioural factors affecting investment choices, determine the role of financial well-being on behaviour, and its mediating role. Primary and secondary data were us...

This academic article examines how behavioral finance can help inform more effective investment decisions, with an emphasis on the impact of cognitive biases on portfolio management. Many principles of traditional finance are based on rational behavior by investors (the person who takes on the investment), with the market being efficient (i.e., the...

Purpose The capital markets’ advancement with regards to investor behaviour in the Gulf Cooperation Council (GCC) region is the primary focus of this study which seeks to explore the amalgamation of behavioural finance and Fintech. The purpose of this study is to investigate the psychological aspects and its adoption of Fintech to understand the im...

This paper examines key hypotheses on the post-earnings announcement drift and highlights the multifariousness of the underlying drivers for the phenomenon. Key theories discussed in the paper include the risk premium hypothesis, delayed information processing theory, market sentiment, and behavioral analysis of market participants. This paper pres...

The growth of young investors in Indonesia continues to increase every year. However, the low level of financial literacy in Indonesia is a major challenge for students in making investment decisions. This study aims to analyze the relationship between financial literacy, overconfidence, and risk perception on investment decisions of Udayana Univer...

This paper provides a systematic literature review (SLR) on the impact of foreign direct investment (FDI) and foreign portfolio investment (FPI) on stock market dynamics in emerging markets, utilizing the TCCM (Theory, Context, Characteristics, Methodology) framework. Covering studies from 1997 to 2024, the review examines how FDI and FPI influence...

This thesis critically examines the efficiency of the Bitcoin market through a meta-analytic review of existing empirical studies testing the Efficient Market Hypothesis (EMH). Synthesizing findings from recent academic literature and analyzing results from various weak-form efficiency tests (including autocorrelation, variance ratio, and unit root...

Behavioral finance combines disciplines such as psychology, behavior, and sociology to reveal the irrational behavior of investors in the decision-making process and its impact on the financial market. This article explores the impact of behavioral finance on investment decisions from the perspectives of cognitive biases, emotional fluctuations, an...

This study investigates the factors influencing life insurance purchase intention among informal sector workers in Ghana, a demographic that remains largely uninsured despite being financially vulnerable. Drawing on the Theory of Planned Behavior and Theory of Reasoned Action, the research explores how consumer insurance literacy, price of life ins...

Behavioral finance suggests that overconfidence leads investors to overestimate their capabilities and misjudge market noise; the herd effect triggers group irrationality through social media emotional contagion, exacerbating decision-making failures. This study explores the decision-making bias of individual investors due to overconfidence and her...

There is a premium effect in the Chinese stock market, which is affected by market sentiment and investor sentiment. This paper analyzes market sentiment and investor sentiment to explain the causes of the premium effect in Chinese stocks and discusses how sentiment affects the premium effect and proposes optimized investment strategies. After syst...

A-shares and H-shares are important components of China's capital market. Although they are geographically close, there are great differences in valuation between the two markets for similar types of stocks and even for stocks of the same company. To clarify the valuation differences and their underlying reasons and to help investors and policy dec...

In recent years, the Federal Reserve's monetary policy decisions, especially changes in interest rates, have had profound spillover effects on global financial markets. The Chinese capital market also showed some fluctuations during this period. With the development of behavioral finance, the theory of psychological accounts has been proven to play...

Stock market performance is influenced by both fundamental economic factors and investor sentiment, with the Nifty 50 serving as a key benchmark for India's financial markets. While corporate earnings, interest rates, and macroeconomic policies shape long-term trends, short-term price fluctuations are often driven by investor psychology, media narr...

This study examines the influence of psychological biases on investment decision-making through the lens of behavioral finance, challenging the traditional assumption of investor rationality. By integrating psychological insights with economic principles, the research investigates how cognitive biases such as loss aversion, overconfidence, and herd...

The investigation of behavioral finance examines stock market decision impacts on the Iraqi stock exchange through behavioral financial influences. Studies focusing on behavioral finance which analyzes psychological elements affecting financial choices have gained significant attention during the last few years. Multiple behavioral psychologies uni...

Background of the study This research examines how psychological and social biases affect individual investors’ investing decisions. Investor sentiment significantly influences financial markets, frequently causing stock prices to deviate from their intrinsic values. In rising economies such as India, where retail investors are significantly affect...

The emergence of AI-driven funds has prompted inquiries regarding their efficacy in comparison with human-managed funds; however, empirical evaluations remain scarce. This study investigates their performance across distinct market conditions, a downtrend in 2022 and a subsequent recovery to an uptrend in 2023 and 2024, with the aim of determining...

This paper presents an extensive analysis of two contemporary market phenomena: (i) the increasing popularity of copy trading-exemplified by eToro's CopyTrader-and (ii) the short squeeze of GameStop (GME). We provide detailed mathematical models, behavioral finance insights, simulation studies, and extensive graphical illustrations to argue the fol...

Buku ini hadir sebagai panduan untuk memahami dan mewujudkan perilaku manajemen keuangan yang sehat. Secara keseluruhan terdapat tiga bagian dalam buku ini. Bagian pertama memuat penjelasan mengenai teori dan konsep dasar perilaku manajemen keuangan. Bagian pertama ini dibagi menjadi dua bab, yaitu Bab 1 yang berisi pengantar perilaku manajemen keu...

The unprecedented short squeeze experienced by GameStop (GME) in January 2021 stands as a seminal event in modern financial markets. In this paper, we present a rigorous theoretical framework, buttressed by extensive Monte Carlo simulations, empirical data analyses, and algorithmic comparisons, to elucidate that the GME event was precipitated by un...

Behavioural finance is a growing field that explores how psychological factors influence investor decision-making and impact stock market trends. Unlike traditional finance, which assumes that investors act rationally based on available information, behavioural finance highlights the role of cognitive biases, emotions, and social influences in fina...

I am thrilled to announce the upcoming edited book titled: "Behavioural and Neurofinance in Action: Shaping Sustainable Investments through Artificial Intelligence" 🌿🤖📈 This book combines interdisciplinary insights from behavioural finance, neuroscience, and AI to explore how modern technologies reshape investor behavior, decision-making patterns,...

Penelitian ini bertujuan untuk mengidentifikasi dan menganalisis tren riset dalam bidang behavioral finance melalui pendekatan bibliometrik terhadap publikasi ilmiah yang terindeks di Scopus. Dengan menggunakan perangkat lunak VOSviewer, studi ini mengeksplorasi distribusi kata kunci, jaringan kolaborasi antar penulis, serta keterlibatan antarnegar...

Travel decisions among Gen Z are largely shaped by social media engagement, financial literacy, and economic stability, yet the extent to which these factors contribute to travel behaviour remains underexplored. While social media provides real-time travel recommendations and personalized experiences, it also promotes aspirational lifestyles that m...

Purpose:This study investigates the behavioral factors shaping equity investment decisions, focusing on seven perceptual dimensions: future prospects, trade dynamics, essential marketing, financial health, risk tolerance, psychological biases, and social media influence. Objective:The primary objective is to identify which factors most significantl...

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Objective: This study analyzes the impact of student financial behavior on investment decisions using a Behavioral Finance model. Method: Data were collected throgh interviews and observations with a descriptive qualitative approach. Results: The findings show that financial behaviors, such as adherence to payment schedules, budgeting and price com...

Purpose: This report discusses the planning Americans undertake regarding expenditure during retirement and examines the role of biases in behavior to affect long-run planning. The study investigates how financial literacy interacts with retirement income sustainability and determines factors that affect the saving conduct within various age and ge...

Due to trade, economic alliances, and foreign direct investment (FDI), India's involvement with Africa has grown dramatically in recent decades. Nonetheless, little is known about the decision-making and investor psychology involved in Indo-African trading connections. This study looks at how investor confidence in cross-border investments between...

This study uses a systematic assessment of 1980-2024 literature to examine how behavioural biases affect financial investment decisions. Psychology and emotion influence investor behaviour in behavioural finance, challenging rational decision-making. The study analyses 40 scientific papers from Google Scholar and PubMed using a systematic literatur...

The rapid evolution of financial technology (fintech) has significantly transformed the ways Millennials and Generation Z manage their finances. This paper explores the role of fintech innovations-such as mobile banking apps, peer-to-peer payment systems, digital wallets, robo-advisors, and micro-investing platforms-in shaping the spending and savi...

Tinjauan literatur sistematis ini mengkaji bagaimana gender dan gender role memengaruhi keputusan pendanaan perusahaan. Melalui analisis terhadap 32 studi empiris, tinjauan ini mengungkapkan bahwa representasi gender dalam literatur masih didominasi oleh pendekatan biner (jenis kelamin) atau institusional (proporsi wanita di dewan direksi), meskipu...

This study explores how retail investors in India make decisions during bear markets by focusing on the psychological and behavioural factors that drive their actions. By blending concepts from behavioural finance with real-world data and investor insights, this study offers a comprehensive look into the minds of everyday investors during periods o...

This study investigates the interaction between investor sentiment and macroeconomic environment in China's real estate sector from 2013 to 2023. Using a dataset combining psychological measurements from 2,156 investors with market data from 148 listed real estate companies, we examine how monetary policy and market structure shape the transmission...

Gold has for long been considered a store of value, an inflation hedge, and a safe-haven asset during times of financial turmoil. The historical patterns in gold prices, the primary movers of price variability, and the behaviour of gold in relation to the world’s financial markets are the topics of this study. The results point out that macroeconom...

IMPACT STATEMENT This research paper explores the integration of Cumulative Prospect Theory (CPT) and Grey Clustering Algorithm (GCA) for forex portfolio optimization. The study is significant as it introduces a behavioural finance framework that accounts for investors' cognitive biases and decision-making anomalies, which traditional portfolio mod...

Objective: This paper explores volatility arbitrage opportunities with derivatives transactions – discussing and creating models that manage transactions – while keeping operational risk under constant supervision and control. Theoretical Framework: The main concepts and theories that underpin the research – related to derivatives, behavioral finan...

China's stance as a frontrunner in the global textile market brings the corporations in Beijing into the limelight, placing them at the forefront of the industry's battle against a myriad of challenges, including market volatility, fluctuating consumer preferences, and heightened competitive pressures. As such, understanding the behavioral finance...

The monetary policies of the Federal Reserve have a bigger effect on the financial markets of many countries because the decision to lower interest rates often starts a chain reaction. This is particularly true when the Fed decides to decrease interest rates, as this typically sets off a chain reaction. On September 18, 2024, the Federal Reserve an...

With an emphasis on the psychological and empirical factors influencing investing choices, this study examines the complex link between investor sentiment and stock market volatility in the Indian setting. Key psychological elements including media impact, herd behaviour, and risk aversion are identified as important determinants of investor mood i...

The financial markets during 2025 were subject to significant prolonged bear trend, which had a strong influence on investor attitude and market stability. This research focuses on the interaction between investor sentiment and market volatility, stressing the influence of behavioral biases including loss aversion, overreaction, and herding mentali...

The issue of behavioral finance in investment has become the center of debate recently. Several factors has been included while making decision to invest and how does it influence while residential investors makes their investment decision. The existence of these factors is thought to be helpful to the investors in reducing their irrationality in i...

Objective-The main purpose of this paper is to investigate the relationship between the investment decision making process and behavioral biases of the retail investors of Telangana state in India, as well as to study the impact of demographics on the retail investment decision making in context of developing economy with potential for stock market...

This study presents a novel empirical investigation into the impact of psychological biases on investment decision-making within the Pakistan Stock Exchange (PSX), integrating Kahneman and Tversky’s Prospect Theory and Heuristics Theory into a unified behavioral finance framework. Departing from conventional analyses, this research employs a dual-m...

This study investigates the behavioral factors influencing investment decisions among individual investors in the Nepal Stock Exchange (NEPSE), focusing on four key biases: risk perception, loss aversion, overconfidence bias, and representative bias. Employing a descriptive and causal research design, data were collected from 250 investors in Kathm...

This study investigates the performance of a contrarian investment strategy in Kuwait’s market during the COVID-19 pandemic, focusing on the influence of pandemic-related variables on contrarian returns. The analysis reveals that the strategy produced statistically and economically significant positive returns both before and during the pandemic, w...

This study examines the key factors influencing investment decisions through decision tree regression, grounded in behavioral finance theory. By analyzing a comprehensive dataset incorporating behavioral, demographic, and financial variables—including investment attitudes, decision-making behaviors, financial education, age, income, and education—t...

By combining behavioral finance theory and big data analysis technology, this study explores the mechanism of the impact of investor sentiment on cryptocurrency market price anomalies. Based on the fusion database of traditional exchange historical market data and social media sentiment data, the research team constructed multidimensional sentiment...

This research investigates the impact of popularity-driven investments on financial stability, focusing on how social media influences investor behavior. With the growing prominence of influencers, social media platforms have fundamentally reshaped how individual investors and the general public make financial decisions. However, they also bring si...

This study aims to analyze the impact of taxation on investor behavior, including their responses to portfolio rebalancing, risk management, and overall market reactions to changes in fiscal policy. Changes in tax policy, such as the rates of capital gains tax, dividend tax, and income tax, significantly affect investors' portfolios and investment...

The rapid advancement of digital technology has transformed how investors gather financial information, with platforms like Google Trends providing valuable insights into investor behavior through the Google Search Volume Index (GSVI). While the relationship between the GSVI and market behavior has been explored in developed markets, its applicatio...

The traditional perspective of finance believes that volatility in the stock market is due to market efficiency. However, the perspective of modern behavioral finance is more concerned with the emotional and psychological factors associated with an investor. This research aims to identify the multi-mediating mechanism of risk perception and dividen...

This study examines the complex relationship between financial literacy, economic empowerment, and saving and investing behaviors. Findings reveal that financial knowledge significantly fosters cooperative partnerships and economic resilience but highlight an unexpected negative correlation between economic empowerment and conventional savings. Thi...