Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 8 of 8 for “"Investor sophistication"”.
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Behavioral Economics and Securities Laws: The Theoretical Underpinnings of our Regulatory System and Their Application to Investor Sophistication
… system, mostly based on a presumption of investor rationality and the theoretical challenges that have been raised against this presumption. Secondly, he applies these competing theoretical frames to a set of securities rules, i.e. prospectus-exempt distributions and distributions of …
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How Does The Audit Report's Structure Affect Nonprofessional Investors' Attention To Its Content?
… affect the extent to which nonprofessional investors attend to the report’s content when evaluating a potential investment, and whether the potential effects differ across levels of investor sophistication. Specifically, I examine the impact of descriptive paragraph headings and the relative …
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The Impact of Earnings Quality on Investors' and Analysts' Reactions to Restatement Announcements
… investigate the effects that various levels of investor sophistication have on the market reaction. Results indicate that the market reaction to restatement announcements is significantly influenced by pre-restatement earnings quality. Specifically, both the accrual and book-tax difference …
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Does Investors’ Belief on Other Investors’ Information Acquisition Affect Trading and Price?
I study how investors’ belief on other investors’ information acquisition about an asset affects trading and price, holding constant investors’ actual information acquisition. I hypothesize that the predictions depend on the trading strategy investors adopt, which is essentially determined by the …
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The disposition effect, dual process theory and emotion regulation
… finance paradigm has detected bias in investors' decision making. One such bias, the disposition effect, shows that investors are reluctant to sell investments at a loss, yet are eager to sell investments at a gain. Investors vary in the extent to which they exhibit the disposition …
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Institutional theory of naive money
… to elucidate how capital from unsophisticated investors (naive money) is associated with fund performance dynamics. In the framework, when naive money invested in a fund exceeds the ideal amount for the manager's skill, it leads funds to under-perform persistently. In contrast, the model …
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Three Essays on Trading by Members of Congress
… showing that power, party membership, and investor sophistication are important determinants of the abnormal returns in congressional stock portfolios.;In my second essay, I , for the first time in the literature, separately examine the performance of common stock transactions of …
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Information quantity, information consistency, and the confidence of unsophisticated investors
… and trading behavior of unsophisticated investors. I find that increasing the quantity and the consistency of information causes unsophisticated investors to show greater confidence and trading aggressiveness. This relation is not explained by an increase in cognitive effort, suggesting a …