Amaç: Çalışmada BIST Banka endeksinde faaliyet gösteren bankaların 2010-2018 yılları arasında GAT (Google Arama Trendleri) verileri kullanılarak ölçülen yatırımcı ilgisi ile pay senedi volatilitesi arasındaki ilişkinin araştırılması amaçlanmıştır. Yöntem: üzerinden koşullu varyans modelleri hesaplanan volatilite ilişki, panel regresyon analizi incelenmiştir. Çalışmanın bağımlı değişkeni olan es...

A global field experiment with Seeking Alpha shows that textual complexity affects investor attention to news and market outcomes. Investors were randomly assigned different titles for the same article. Holding article fixed, a one-standard-deviation increase in leads 6.1% fewer views. Complexity is more off-putting less-sophisticated investors, when limited, likely less important. Exploiting a...

Abstract We examine the impact of digital financial inclusion on diversification individual stock investments in China using nationwide data from Chinese Stock Market Individual Investor Survey and Peking University Digital Financial Inclusion Index China. show that significantly increases investments, primarily by reducing investors' perceived transaction costs mitigating limited attention. It...

a r t i c l e i n f o In the portfolio choice literatures and the financial market, diversification and concentration are the focus of debate of philosophers. In this paper, we develop a model of portfolio choice to integrate the diversification strategy and the concentration strategy. Our model relies on the concepts of investor sentiment and inertial thinking. The results show that: Generally...

In this study, we explore the implications of institutional investor distraction for earnings management. Our identification approach relies on a firm-level measure that exploits exogenous attention-grabbing shocks to unrelated parts investors' portfolios. We find firms with distracted shareholders engage more in both accrual-based and real Further analyses show association between management i...

In this commentary, we endorse concerns about the health impact of the trans-pacific partnership (TPP), paying particular attention to its mechanisms for investor state dispute settlement. We then describe the different, judge-led approach being advocated by the European Commission team negotiating the Trans-Atlantic Trade and Investment Partnership, arguing that, while not perfect, it offers s...