... margin trading with a strong speculative appeal when the market sentiment is high. © 2025 B. Kombate and J. Huang 2025 B. Kombate and J. Huang Licensed re-use rights only Bad news hoarding Chinese stocks investor sentiment stock price crash risk PCA G1 G12 G15 G3 G39...

... D1 E12 G1 An extensive literature has shown that opportunities for peer-punishment boost cooperation in social-dilemma settings (e.g., Fehr et al., 2002 ; Gintis et al., 2005 ; Henrich et al., 2004 ; Sigmund, 2007 ; Mathew and Boyd, 2011). The underlying...

... B5 D1 E12 G1 While the effects of household debt have recently attracted interest, there is comparatively less research on the determinants of household debt. In this paper we distinguish between approaches that derive household debt from consumption decisions, those that derive it from...