Behavioral finance research in 2020: Cui bono et quo vadis?

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Fischer , K & Lehner , O M 2021 , ' Behavioral finance research in 2020: Cui bono et quo vadis? ' , ACRN Journal of Finance and Risk Perspectives , vol. 10 , no. 1 , pp. 54-76 . https://doi.org/10.35944/JOFRP.2021.10.1.004

Title: Behavioral finance research in 2020: Cui bono et quo vadis?
Author: Fischer, Katharina; Lehner, Othmar M.
Contributor: Hanken School of Economics, Accounting, Helsinki
Belongs to series: ACRN Journal of Finance and Risk Perspectives
ISSN: 2305-7394
Abstract: Emanating from the influential survey of Barberis and Thaler (2003), this systematic literature review examines the significant volume of studies on behavioral finance from 36 reputable finance journals published be-tween 2009 and 2019. The findings are clustered into eight prominent research streams, which indicate the current developments in behavioral finance. Findings show that research intensively focuses on behavioral biases and their influence on economic phenomena. Driven by the impetus to understand the human mind, significant findings originated in the relatively new field of Neurofinance. Additionally, the analysis addresses the influence of market sentiment and its correlation with some of the other findings. Furthermore, implications on the limits to arbitrage in connection with some financial anomalies complete the holistic picture.
Date: 2021-03-23
Subject: 512 Business and Management
Behavioral biases
Behavioral finance
Limits to arbitrage
Market anomalies
Neurofinance
KOTA2021?
PREM0000
1 - Open access publication channel
1 - Self archived
https://helda.helsinki.fi/dhanken/handle/10227/434740
1- Minst en av författarna har en utländsk affiliation
1- Publicerad utomlands
0- Ingen affiliation med ett företag
AoS: Financial management, accounting, and governance
SDG 10 - Reduced Inequalities
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