...Arit Chaudhury; Varun Dawar Purpose This study aims to create a novel framework to understand the motivation, use and importance of environmental, social and governance (ESG) information for investment decision-making of large retail investors (portfolio > INR 10m) in the emerging market...

.... Behavioral finance incorporates human factors like emotions and cognitive biases to understand investors' irrationality (Jain et al., 2020 ; Mushinada, 2020). Tversky and Kahneman (1974) were the first to identify psychological biases in investment decision-making under uncertainty. They argued...

...’ investment decision-making emerge. This question has attracted interest in economic psychology but has not yet been answered. Here, it is explored in the context of pension funds. Design/methodology/approach The sample included 22 pension fund managers. The authors explored their decision-making...