Journal of Behavioral and Experimental Finance

Loss aversion in investment: A bibliometric and network visualization analysis Loss aversion is widely considered one of the most influential behavioral biases among investors and has been studied by several researchers over the …

Forthcoming in JBEF: “Loss aversion in investment: A bibliometric and network visualization analysis” by S. S. Soman, A. Chirputkar, and K. K. Punjani. www.sciencedirect.com/science/arti...

A quick reminder that submissions are open for the Special Issue “Experimental Sustainable Finance” of JBEF until 31 December 2026 — more under: www.sciencedirect.com/special-issu...

The role of alternative data in micro-enterprises’ credit risk assessment in China — Empirical evidence based on machine learning Applying alternative data in credit reporting can enhance financial institutions' ability to assess the credit risk of micro-enterprises. This paper u…

Forthcoming in JBEF: “The Role of Alternative Data in Micro-Enterprises’ Credit Risk Assessment in China — Empirical Evidence Based on Machine Learning” by M. Jiang, J. Shi, Y. Zheng, and W. Zhou. www.sciencedirect.com/science/arti...

Building trust in AI-driven venture capital decisions: A comparative study of SHAP and GPT explanations Artificial intelligence is widely used in financial services, yet adoption in venture capital (VC) remains limited due to opaque predictive models. Th…

Forthcoming in JBEF: “Building trust in AI-driven venture capital decisions: A comparative study of SHAP and GPT explanations” by R. Setty, Y. Elovici, and D. Schwartz. www.sciencedirect.com/science/arti...

Betting against ESG Sinners: Evidence from short selling around the world This paper examines short-selling around negative environmental, social, and governance (ESG) events. Using FIS Global lending and RepRisk incident da…

Forthcoming in JBEF: “Betting against ESG Sinners: Evidence from short selling around the world” by T. Iwata, T. Orpiszewski, and M. Thompson. www.sciencedirect.com/science/arti...

Targeting, beliefs in own potential and subsequent investments: Theory and evidence from a framed field experiment While increased pressure on development finance budgets may require to reduce spending on anti-poverty transfers, new technical possibilities allow fo…

Forthcoming in JBEF: “Targeting, beliefs in own potential and subsequent investments: Theory and evidence from a framed field experiment” by E. van Dongen, R. Lensink, and M. Treurniet. www.sciencedirect.com/science/arti...

Do global bond market sentiments transmit to green bonds? Evidence from a quantile connectedness framework Bond market sentiment plays a crucial role in shaping global financial interconnectedness; however, little is known about how sentiment-driven transmi…

Forthcoming in JBEF: “Do Global Bond Market Sentiments Transmit to Green Bonds? Evidence from a Quantile Connectedness Framework” by R. J. K. Chahal, H. Bidasaria, H. A. Khan, and W. Ahmad. www.sciencedirect.com/science/arti...

Where is the risk? How cryptocurrency investment relates to undesirable financial behaviors This paper investigates how cryptocurrency investment is associated with three undesirable financial behaviors: late mortgage payment, credit card mis…

Forthcoming in JBEF: “Where is the risk? How cryptocurrency investment relates to undesirable financial behaviors” by Z. Bai, P. Wang, and B. Xue. www.sciencedirect.com/science/arti...

Bonus structures and bubble formation in experimental asset markets In this study, we examine how different tournament-style bonus structures influence asset bubbles in experimental markets. We compare two structures: …

Forthcoming in JBEF: “Bonus Structures and Bubble Formation in Experimental Asset Markets” by X. Wang and Y. Funaki. www.sciencedirect.com/science/arti...

Biodiversity risk disclosures and stock price crash risk This study investigates whether biodiversity risk disclosures reduce stock price crash risk, leveraging the early adopter announcements of the Taskfor…

Forthcoming in JBEF: “Biodiversity Risk Disclosures and Stock Price Crash Risk” by D. Ning and Y. Yasuda. www.sciencedirect.com/science/arti...

Forthcoming in JBEF: “Gambling on Bitcoin options?” by M. Flynn and Y. Liu. www.sciencedirect.com/science/arti...

How individuals use generative AI for personal financial management This study provides a comprehensive analysis of how individuals use large language models (LLMs) like ChatGPT for everyday financial management. Using…

Forthcoming in JBEF: “How individuals use generative AI for personal financial management” by T.-Y. Pak. www.sciencedirect.com/science/arti...

Time-varying risk aversion and the equity term structure I show that time-varying risk aversion over wealth can generate a term structure of equity risk premia that is upward sloping in bad times and downwar…

Forthcoming in JBEF: “Time-varying risk aversion and the equity term structure” by M. A. de Vries. www.sciencedirect.com/science/arti...

Artificial intelligence (AI) and corporate governance: Evidence from board size We examine the effect of board size on the adoption of artificial intelligence (AI)-skilled employees, a critical determinant of firms’ ability to lev…

Forthcoming in JBEF: “Artificial intelligence (AI) and corporate governance: Evidence from board size” by P. Chatjuthamard, P. Jiraporn, and S. M. Lee. www.sciencedirect.com/science/arti...

Emotional dynamics and knowledge spillover in collaborative innovation This study examines the impact of emotional factors and knowledge spillover on the behavioral tendencies of firms, universities, and research institut…

Forthcoming in JBEF: “Emotional Dynamics and Knowledge Spillover in Collaborative Innovation” by Z. Che, W. Yang, C. Wu, and Q. Gao.
www.sciencedirect.com/science/arti...

An agent-based model of rumor-induced volatility in financial markets Rumors in financial markets impact investors’ decisions, driving asset prices away from their fundamental valuations. From a regulatory perspective, i…

Forthcoming in JBEF: “An agent-based model of rumor-induced volatility in financial markets” by V. B. Marisetty, W. van Heeswijk, and A. Narayanan. www.sciencedirect.com/science/arti...

Cultural celebrations and investor gambling behavior We document a surge in gambling demand surrounding the Lunar New Year (LNY) period in the Chinese A-share market. Lottery-like stocks significantly ou…

Forthcoming in JBEF: “Cultural celebrations and investor gambling behavior” by J. H. Fan, M. Li, and X. Wang. www.sciencedirect.com/science/arti...

Procrastination in personal finance: Implications for estate planning and retirement satisfaction Despite concerns that many older adults delay essential financial decisions, there is limited population-level evidence linking measured procrastinati…

Forthcoming in JBEF: “Procrastination in personal finance: Implications for estate planning and retirement satisfaction” by R. Shah and A. Mukherjee. www.sciencedirect.com/science/arti...

Golden eye — How traders focus on and select information in experimental asset markets In this study, we examine the subjective importance that traders attribute to specific information elements in experimental asset markets in two ways.…

Forthcoming in JBEF: “Golden eye — How traders focus on and select information in experimental asset markets” by M. Herrmann-Romero, S. Liegl, M. Angerer, and T. Stöckl. www.sciencedirect.com/science/arti...

Testing axiomatizations of ambiguity aversion The study of choice under uncertainty has advanced through key “paradoxes,” such as the Ellsberg paradox. We implement Machina’s (2014) three-outcome …

Forthcoming in JBEF: “Testing axiomatizations of ambiguity aversion” by D. L. Chen. www.sciencedirect.com/science/arti...

The dynamics of cryptocurrency market from behavioral finance perspective This study constructs a Composite Investor Sentiment Index (CIST) integrating six behavioral and market-based proxies to examine how investor sentimen…

Forthcoming in JBEF: “The Dynamics of Cryptocurrency Market from Behavioral Finance Perspective” by B. Almisshal and H. İ. Bulut. www.sciencedirect.com/science/arti...

Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy This paper investigates the influence of objective, subjective, and digital financial literacy on individuals’ propensity to utilise online services f…

Forthcoming in JBEF: “Financial literacy, robo-advising, and the demand for human financial advice: Evidence from Italy” by D. Aristei and M. Gallo. www.sciencedirect.com/science/arti...

Racial differences in expected stock market performance and stock ownership There are significant racial differences in expectations regarding future stock market performance. Using data from the Federal Reserve Bank of New Yo…

Forthcoming in JBEF: “Racial Differences in Expected Stock Market Performance and Stock Ownership” by A. M. Hibbert and S. Yang. www.sciencedirect.com/science/arti...

CEOs, parenthood, and corporate misconduct This study examines whether CEOs’ personal experiences as parents influence corporate ethical behavior. Drawing on the female socialization hypothesis…

Forthcoming in JBEF: “CEOs, Parenthood, and Corporate Misconduct” by H. Donker, J. Nofsinger, and C. A. Shank. www.sciencedirect.com/science/arti...

Anchoring on safe haven: Russia–Ukraine war effects on the cryptocurrency market To investigate whether investors display anchoring bias when seeking safe havens during market downturns, we analyze the cryptocurrency market amid th…

Forthcoming in JBEF: “Anchoring on safe haven: Russia–Ukraine war effects on the cryptocurrency market” by I. Popova, Y. Liu, and H.-C. Yi. www.sciencedirect.com/science/arti...

Corrigendum to “Higher order risk attitudes of financial experts” [J. Behav. Exp. Finance 34 (2022) 100658]

Forthcoming in JBEF: “Corrigendum to ‘Higher order risk attitudes of financial experts’ [J. Behav. Exp. Finance 34 (2022) 100658]” by A. Bottasso, S. Duchêne, E. Guerci, N. Hanaki, and C. N. Noussair. www.sciencedirect.com/science/arti...

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Do Aggressive CFOs Borrow Short-term? We study whether CFOs’ psychological traits affect debt maturity choices. Using facial width-to-height ratio (fWHR) as a proxy for achievement drive, …

Forthcoming in JBEF: “Do Aggressive CFOs Borrow Short-term?” by Y. K. Gam, A. Kim, J. Park, and H. Shin. www.sciencedirect.com/science/arti...

Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China This study examines whether and how merchant guilds’ historical traditions affect the stock price crash risk of Chinese firms. Using a comprehensive s…

Forthcoming in JBEF: “Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China” by H. Su, J. Huang, and L. Chen. www.sciencedirect.com/science/arti...

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Conducting real-time interactive experiments online: A guide for researchers The COVID-19 pandemic has accelerated the shift towards online behavioral experiments and the increased adoption of crowdsourcing platforms for partic…

Forthcoming in JBEF: “Conducting Real-Time Interactive Experiments Online: A Guide for Researchers” by S. L. Flecke and S. Bachler. www.sciencedirect.com/science/arti...