My research focuses on corporate finance and behavioral finance and includes empirical and applied theory papers. My work in corporate finance specifically aims at providing clean and novel empirical evidence on the real effects induced by frictions in the market for financing. My main contributions in this area have been to investigate (1) the role of real estate collateral on economic activit...

This article reviews the historical development of behavioral economics, with an emphasis on how it has become part of mainstream economics. First I describe the separation between economics and psychology as a historical background against which behavioral economics emerged. Then I introduce critiques of expected utility theory (EUT), and explain how behavioral decision research developed usin...

The purpose of the article/hypothesis: aim article is to examine significance reaction stock exchange investors in that country publication information about reintroduction border controls order limit movement people, especially foreigners. discusses issues related economics and behavioral finance, paying special attention irrationality decisions, discussed by many authors, under influence vari...

This paper analyses competition of moral norms and institutions in a society where a fixed share of people unconditionally complies with norms and the remaining people act selfishly. Whether a person is a norm-complier or selfish is private knowledge. A model of voting-by-feet shows that those norms and institutions arise that maximize expected utility of norm-compliers, taking into account sel...

Modern financial science is always looking for cause-and-effect relationships in practice. And to help her come not quite traditional methods and spheres of influence inherent behavioral finance psychology. Goal. The aim the article study similarities differences between psychology determine whether two sciences are identical or their functioning distinguished by certain contradictions. Method....

The purpose of this study was to determine (1) the effect subjective norm factors on intention students public financial accounting program disclose fraud (2) influence attitude behavior intentions finance (3) perceived control (4) norms, attitudes towards behavior, and perceptions behavioral fraud. type data used in research is quantitative with methods. results indicate that based testing hyp...

Introduction. Under the modern conditions of Ukrainian society democratization and reform financial decentralization, problems associated with increasing effectiveness interaction civil public authorities, primarily in context modernization finance management Ukraine, have been significantly updated. Therefore, development methodological foundations research field help latest approaches is high...