the results of examination of annual financial statements by independent experts (auditors) are presented in reports. we have tried to examine and evaluate the activities of two important professions of accountancy and auditing in iran, in preparing and validating annual financial statements, and relate these evaluations to group behavior of share – holders and analyses of stock – brokers. for ...

We show that, after the revelation of financial fraud in a major pension fund manager, two-thirds affected investors fail to divest. Inert are on average younger, lower SES and more influenced by default options. The majority those who divest move their money only state-run option menu. also induces small movement from non-fraudulent private investment funds state alternative. further that most...

A more sustainable society and economy also implies behavior in terms of the consumption financial products. possible change this can be brought about when there is a demand. In other words, products directly related to literacy. However, latter’s definition, object, scope are far from being agreed upon internationally. One objective work was explore different interpretations literacy academic ...

I develop a two market agent-based model to study how global portfolio managers affect global financial crises and stability. The Markowitz model is extended by incorporating several insights from behavioral finance. Simulation results of an agent-based version of the Markowitz model reveal that global financial crises do not occur when global managers are added to the model. However, when risk...

We study herd behavior in a laboratory Þnancial market where a sequence of subjects trades an asset whose value is unknown. In two treatments the price is updated according to a deterministic rule based on the order ßow, and in another it is updated by experimental participants. Theory predicts that agents should never herd. Our experimental results are in line with this prediction. Nevertheles...

This paper tests whether consumption pattern in Korea exhibits a time-inconsistent discounting behavior using a quasi-hyperbolic Euler equation estimated by the generalized method of moments (GMM). In particular, we examine whether consumers change their discounting behavior during financial crises in 1997 and 2008. The estimation results show that Korean consumers exhibit a time-inconsistent q...

The purpose of this study was to determine the effect financial literacy and self-efficacy on satisfaction by adding mediating management behavior. population in are all people who already have income DKI Jakarta area. number samples 250 respondents. test used uses SEM-PLS data analysis technique. results indicate that there is no influence a positive satisfaction. Instead, it found can signifi...

The purpose of this study is to see how parental income, lifestyle, and locus control affect financial management behavior. Active students from the Faculty Economics Business at Janabadra University in Yogyakarta, batches VIII, IX, X, XI, were included study. This study's sample size 100 people, with a 5% chance being wrong. Data was gathered by distributing online questionnaires via Google Fo...