The role of retail investors in the “numbers game”: Retail investor attention and earnings management This study uses Google Search Volume Index-based measures of retail investor attention to investigate how such attention affects managerial decisions …

Forthcoming in JBEF: “The Role of Retail Investors in the ‘Numbers Game’:Retail Investor Attention and Earnings Management” by Z. Chen, L. Gao, and B. Olsen. www.sciencedirect.com/science/arti...

Tuning into the news: Sentiment-driven high-frequency movements in cryptocurrency markets This study examines how cryptocurrency markets respond to U.S. macroeconomic announcements, with particular emphasis on the moderating role of cryptoc…

Forthcoming in JBEF: “Tuning into the news: Sentiment-driven high-frequency movements in cryptocurrency markets” by N. Huynh. www.sciencedirect.com/science/arti...

Exploring retail investor sophistication: Insights from pseudo T+0 trading activities This paper investigates retail investor sophistication by focusing on pseudo T + 0 trading, a specific retail trading strategy. Using tick-by-tick tra…

Forthcoming in JBEF: “Exploring retail investor sophistication: Insights from pseudo T+0 trading activities” by X. Sun, J. Zhu, F. Chen, and T. Li. www.sciencedirect.com/science/arti...

Now out: Special Issue „Behavioral Finance in Emerging Markets and Underserved Communities on www.sciencedirect.com/special-issu....
We encourage colleagues and authors to circulate this issue to increase visibility.
Many thanks to all involved for your excellent work!

Gamification in finance: A systematic review and research agenda In recent years, the use of game-like elements in non-gaming contexts, known as gamification (i.e., the application of game mechanics such as badges, …

Forthcoming in JBEF: “Gamification in Finance: A Systematic Review and Research Agenda” by M. S. Rizwan, A. Malik, and S. M. Hussain. www.sciencedirect.com/science/arti...

Networks, knowledge, and nudges: Determinants of retail investor compliance This paper studies the behavioral and structural determinants of retail investors’ engagement with FINRA Rule 4512, a light-touch intervention encoura…

Forthcoming in JBEF: “Networks, knowledge, and nudges: Determinants of retail investor compliance” by I. Petrakis. www.sciencedirect.com/science/arti...

The burden of debt: How over-indebtedness undermines need satisfaction This study examines how over-indebtedness relates to households’ ability to meet essential and non-essential needs, distinguishing between objective r…

Forthcoming in JBEF: “The burden of debt: How over-indebtedness undermines need satisfaction” by G. Wałęga and A. Wałęga. www.sciencedirect.com/science/arti...

Director-liability-reduction laws and firm investment This study examines how an external shock that lowers independent directors’ litigation risk affects firms’ investment behaviour. Exploiting the stagg…

Forthcoming in JBEF: “Director-liability-reduction laws and firm investment” by W. Li, Y. Zhang, and S. Zou. www.sciencedirect.com/science/arti...

Does intellectual property governance crowd out corporate social responsibility? Evidence from China’s demonstration enterprises This paper examines the impact of China’s National Intellectual Property Demonstration Enterprise (NIPDE) policy on corporate social responsibility (C…

Forthcoming in JBEF: “Does Intellectual Property Governance Crowd Out Corporate Social Responsibility? Evidence from China’s Demonstration Enterprises” by J. Gong, Q. Feng, and X. Hu. www.sciencedirect.com/science/arti...

Attention to detail: Learning about mergers We study the information gathering process around mergers by examining institution-matched IP addresses accessing Form 8-K filings for merger agreemen…

Forthcoming in JBEF: “Attention to detail: Learning about mergers” by A. L. Aiken and C. Lee. www.sciencedirect.com/science/arti...

The price of peace of mind: The credit card debt puzzle, precautionary savings, and financial stress Do individuals who co-hold credit card debts and savings experience higher or lower levels of financial stress than others? Analyzing the results of a…

Forthcoming in JBEF: “The price of peace of mind: The credit card debt puzzle, precautionary savings, and financial stress” by D. Sobolev. www.sciencedirect.com/science/arti...

Passing the torch: Second-generation successor involvement and ESG performance of family firms As the initial stage of generational succession, second-generation successor involvement refers to successors entering the firm as non-core senior man…

Forthcoming in JBEF: “Passing the torch: Second-generation successor involvement and ESG performance of family firms” by J. Gao, K. Yan, and Q. Tan. www.sciencedirect.com/science/arti...

A quick reminder that submissions are open for the Special Issue “The Avatar Turn in Behavioral Finance: Experiments in the Age of AI” of JBEF until 31 January 2027 — more under: www.sciencedirect.com/special-issu...

From crisis to climate: Geopolitical turbulence, climate change exposure, and managerial ownership We explore how geopolitical risk shapes firm-specific exposure to climate change, utilizing innovative text-based measures for both variables. Our ana…

Forthcoming in JBEF: “From crisis to climate: Geopolitical turbulence, climate change exposure, and managerial ownership” by S. Treepongkaruna, P. Jiraporn, and H. H. A. Yong. www.sciencedirect.com/science/arti...

CEO overconfidence and payout policy: The moderating power of governance mechanisms This paper examines the moderating role of corporate governance in the relationship between Chief Executive Officer (CEO) overconfidence and corporate…

Forthcoming in JBEF: “CEO Overconfidence and Payout Policy: The Moderating Power of Governance Mechanisms” by A. Anilov and I. Ivashkovskaya. www.sciencedirect.com/science/arti...

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...