نتایج جستجو برای: income smoothing

تعداد نتایج: 125227  

Journal: :Al-Mashrafiyah: Jurnal Ekonomi, Keuangan, dan Perbankan Syariah 2020

Journal: :International Journal of Social Science and Humanity 2013

2008
George M. Korniotis Alok Kumar

This study investigates whether the adverse e¤ects of investors’behavioral biases extend beyond the domain of …nancial markets to the broad macro-economy. We focus on the risk sharing (or income smoothing) role of …nancial markets and demonstrate that risk sharing levels are higher in U.S. states in which investors have higher cognitive abilities and exhibit weaker behavioral biases. Further, s...

Journal: :Advances in social science, education and humanities research 2023

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