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Behavioural finance: quo vadis?
Author(s): Yaz Gulnur Muradoglu, Sotiris Staikouras, Cass Business School, Hersh Shefrin, Santa Clara University, Werner F.M. DeBondt, DePaul University
Topic: Finance Industry: Asset Management Type: Research Papers

Behavioural finance endeavours to bridge the gap between neoclassical finance and cognitive psychology. Now an established field, behavioural finance looks at the investors' decision making formula as well as at their behaviour, which in turn sheds light on the observed departures from the traditional finance theory. The paper provides an overarching view of the behavioural finance area.

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Updated: 04/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 456

Universal banks and stock market reaction: some evidence from major announcements
Author(s): Stanley Mutenga, Sotiris Staikouras, Cass Business School, Andreas Merikas, University of Piraeus, Haris Harissis
Topic: Finance Industry: Banking Type: Research Papers

The current study investigates the interface between the banking and insurance sector. The empirical findings are based on well-known financial intermediaries taken from an international sample.

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Updated: 03/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 100

The Greek bank-insurance model: a look at a not-so-new corporate structure
Author(s): Sotiris Staikouras, Cass Business School, Andreas Merikas, University of Piraeus
Topic: Finance Industry: Banking Type: Research Papers

One of the notable characteristics of modern financial markets is the convergence among financial institutions, which until recently preformed different tasks. To this end, the present study explores the bank-insurance phenomenon in the Greek market.

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Updated: 06/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 87

Does the stock market compensate banks for diversifying into the insurance business?
Author(s): Panagiotis Dontis-Charitos, Sotiris K. Staikouras, Cass Business School, Phil Molyneux, University of Wales, Bangor
Topic: Finance Industry: Banking Type: Research Papers

This paper explores a wide range of corporate restructurings, all available deals from wire services, in the banking and insurance sectors that led to bancassurance ventures. An event study methodology is employed to calculate excess returns on and around the deals' announcement date.

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Updated: 02/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 48

Behavioural finance: quo vadis?
Author(s): Werner De Bondt, DePaul University, Chicago, Gulnur Muradoglu, Cass Business School, Hersh Shefrin, Santa Clara University, and Sotiris Staikouras, Cass Business School
Topic: Finance Industry: Banking Type: Research Papers

Behavioural finance endeavours to bridge the gap between finance and psychology. Now an established field, behavioural finance studies investor decision processeswhich in turn shed light on anomalies i.e., departures from neoclassical finance theory. This paper is the summary of a panel discussion.

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Updated: 05/09/2010 | Comments: 0 | Rating: Not yet rated | Views: 198

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