Behavioral Finance and Asset Prices

1. Front Matter

   Pages i-xxi

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2. Asset Pricing

   1. Front Matter

      Pages 1-1

      PDF

   2. Oil Price Uncertainty: Panel Evidence from the G7 and BRICS Countries

      • Apostolos Serletis, Libo Xu

      Pages 3-21

   3. Climate Risk and the Volatility of Agricultural Commodity Price Fluctuations: A Prediction Experiment

      • Rangan Gupta, Christian Pierdzioch

      Pages 23-44

   4. Linking Covid-19 Epidemic and Emerging Market OAS: Evidence Using Dynamic Copulas and Pareto Distributions

      • Imdade Chitou, Gilles Dufrénot, Julien Esposito

      Pages 45-81

3. Behavioral Finance

   1. Front Matter

      Pages 83-83

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   2. On the Relevance of Employee Stock Option Behavioral Models

      • Hamza Bahaji, Jean-François Casta

      Pages 85-101

   3. The Term Structure of Psychological Discount Rate: Characteristics and Functional Forms

      • Aboudou Ouattara, Hubert de La Bruslerie

      Pages 103-129

   4. An Experimental Analysis of Investor Sentiment

      • Béatrice Boulu-Reshef, Catherine Bruneau, Maxime Nicolas, Thomas Renault

      Pages 131-154

   5. On the Evolutionary Stability of the Sentiment Investor

      • Andrea Antico, Giulio Bottazzi, Daniele Giachini

      Pages 155-173

   6. Institutional Investor Field Research: The Company’s Fundamentals Are Driven by Investor Attention

      • Fateh Saci, Boualem Aliouat

      Pages 175-194

   7. What Drives the US Stock Market in the Context of COVID-19: Fundamentals or Investors’ Emotions?

      • David Bourghelle, Pascal Grandin, Fredj Jawadi, Philippe Rozin

      Pages 195-214

In recent decades, the financial markets have experienced various crises, shocks and disruptive events, driving high levels of volatility. This volatility is too strong to be fully justified simply by changes in fundamentals. This volume discusses these highly relevant issues with special focus on asset pricing and behavioral finance. Financial price assets of the 2020s appear to be driven by various attractors in addition to fundamentals, and there is no doubt that investor emotions, market sentiment, the news, and external factors such as uncertainty all play a key role. This has been clearly observed in recent years, especially during the ongoing coronavirus pandemic that has changed the common perception of the way financial markets work.

 

• Uncertainty
• Capital Markets
• Investment
• Stock Market
• Asset Prices

• IAE Lille University School of Management, University of Lille, Lille, France

  David Bourghelle, Pascal Grandin, Fredj Jawadi, Philippe Rozin

David Bourghelle is an Associate Professor of Finance at the IAE Lille University School of Management (France).

Pascal Grandin is a Professor of Finance at the IAE Lille University School of Management (France).

Fredj Jawadi is a Professor of Finance and Econometrics at the IAE Lille University School of Management (France). He is also the Fellow of the Society for Economic Measurement (USA).

Philippe Rozin is an Assistant Professor of Finance at the IAE Lille University School of Management (France).