...Stephen Dansky; B. Andrew Cudmore; Amitabh S. Dutta Purpose The study investigates the effects of Prospect Theory’s loss aversion within the context of project financing. Design/methodology/approach The study makes use of a balanced paired comparison best/worst scaling (PCBWS) experimental...

...Manisha Yadav; Gaurav Dixit Purpose Motivated by the evidence highlighting the role of sentiments and cognitive biases in investors' decision-making, this study examines a novel behavioral finance-based asset pricing model incorporating the prospect theory framework in the Indian equity market...

...Ho Hoang Gia Bao; Thi Hai Ly Tran; Thi Thu Hong Dinh Purpose This paper scrutinizes the relationship between idiosyncratic risks and stock returns at different quantiles, especially the extremely low and high ones, to explore the applicability of the Prospect Theory’s rationale in Vietnam’s stock...

... Investor risk behavior Financial literacy Prospect theory Psychological factors and inherent emotions affect the investor decision-making process (Nofsinger, 2018). The decision of an investor passes through different filters of emotions and psychology. The Big Five personality traits exert...

...Asad Khan; Muhammad Ibrahim Khan; Zia ur Rehman; Shehzad Khan Purpose This study aims to extend Bowman's risk–return paradox to Asian emerging markets and explain its causes under the prospect theory. Design/methodology/approach The study is conducted on a cross-sectional sample of 4,609 firms...

...Liu Liu Kong; Min Bai; Peiming Wang Purpose – The purpose of this paper is to examine whether the framework of Prospect Theory and Mental Accounting proposed by Grinblatt and Han (2005) can be applied to analyzing the relationship between the disposition effect and momentum in the Chinese stock...