Behavioral Finance

You will find below our recent publications in behavioral finance.


Journal Articles


1. Arslan-Ayaydin, Özgür; Chen, Shimin; Ni, Serene Xu; Thewissen, James. Is cross-listing a panacea for improving earnings quality? The case of H- and B-share firms in China. In: International Review of Financial Analysis, Vol. 81, p. 102113 (2022). doi:10.1016/j.irfa.2022.102113 (Accepté/Sous presse). http://hdl.handle.net/2078.1/259858

2. Roger, Patrick; D'Hondt, Catherine; Plotkina, Daria; Hoffmann, Arvid. Number 19: Another Victim of the COVID‐19 Pandemic?. In: Journal of Gambling Studies (Online), (2022). doi:10.1007/s10899-022-10145-3 (Accepté/Sous presse). http://hdl.handle.net/2078.1/264109

3. D'Hondt, Catherine; Merli, Maxime; Roger, Tristan. What drives retail portfolio exposure to ESG factors?. In: Finance Research Letters, Vol. 46, no. Part B, p. 102470 (2022). doi:10.1016/j.frl.2021.102470. http://hdl.handle.net/2078.1/251463

4. Efendic, Emir; Corneille, Olivier; D'Hondt, Catherine; De Winne, Rudy. How risk-prone are people when facing a sure loss? Negative interest rates as a convenient conceptual framework. In: Psychonomic Bulletin & Review, Vol. 28, p. 1715–1725 (2021). doi:10.3758/s13423-021-01921-0 (Accepté/Sous presse). http://hdl.handle.net/2078.1/245900

5. Desagre, Christophe; D'Hondt, Catherine. Googlization and retail trading activity. In: Journal of Behavioral and Experimental Finance, no. 29 (2021) 100453 (2021). doi:10.1016/j.jbef.2020.100453 (Accepté/Sous presse). http://hdl.handle.net/2078.1/241097

6. D'Hondt, Catherine; De Winne, Rudy; Merli, Maxime. Do retail investors bite off more than they can chew? A close look at their return objectives. In: Journal of Economic Behavior & Organization, Vol. 188, p. 879-902 (2021). doi:10.1016/j.jebo.2021.06.009. http://hdl.handle.net/2078.1/248798

7. De Winne, Rudy. Measuring the disposition effect. In: Journal of Behavioral and Experimental Finance, Vol. 29, no. 100468 (2021). doi:10.1016/j.jbef.2021.100468 (Accepté/Sous presse). http://hdl.handle.net/2078.1/243964

8. Johnen, Johannes. Dynamic Competition in Deceptive Markets. In: The Rand Journal of Economics, Vol. 51, no. 2, p. 375-401 (2020). CORE Discussion Paper 2017/36. doi:10.1111/1756-2171.12318. http://hdl.handle.net/2078.1/191641

9. Thewissen, James. Jockeying for position in CEO letters: Impression management and sentiment analytics. In: Financial Management, Vol. 48, no.1, p. 77-115 (2019). doi:10.1111/fima.12219. http://hdl.handle.net/2078.1/227157

10. Yan, Beibei; Aerts, Walter; Thewissen, James. The informativeness of impression management − financial analysts and rhetorical style of CEO letters. In: Pacific Accounting Review, Vol. 31, no.3, p. 462-496 (2019). doi:10.1108/par-09-2017-0063. http://hdl.handle.net/2078.1/227457

11. Bellofatto, Anthony; D'Hondt, Catherine; De Winne, Rudy. Subjective Financial Literacy and Retail Investors’ Behavior. In: Journal of Banking and Finance, Vol. 92, no.1, p. 168-181. doi:10.1016/j.jbankfin.2018.05.004. http://hdl.handle.net/2078.1/203762

12. Vrins, Frédéric; Petitjean, Mikael. Extreme events and the cumulative distribution of net gains in gambling and structured products. In: Applied Economics, Vol. 50, no. 58, p. 6285-6300 (2018). doi:10.1080/00036846.2018.1489514. http://hdl.handle.net/2078.1/199211

13. James Thewissen; Wouter Torsin; Kris Boudt. When does the tone of earnings press releases matter?. In: International Review of Financial Analysis, Vol. 57, no.2, p. 231-245 (2018). doi:10.1016/j.irfa.2018.02.002. http://hdl.handle.net/2078.1/227456

14. Corneille, Olivier; De Winne, Rudy; D'Hondt, Catherine. The Disposition Effect does not survive disclosure of expected price trends. In: Journal of behavioral and experimental finance, Vol. 20, p. 80-91 (2018). doi:10.1016/j.jbef.2018.08.003. http://hdl.handle.net/2078.1/196594

15. D'Hondt, Catherine; Roger, Patrick. Investor sentiment and stock return predictability: The power of ignorance. In: Finance, Vol. 38, no. 2, p. 7-37 (2017). (Accepté/Sous presse). http://hdl.handle.net/2078.1/196590


Book Chapters


1. Vrins, Frédéric; Chevalier, Philippe. Jeu de hasard en Belgique: la modélisation mathématique au service de la transparence. In: Droit des jeux de hasard , Larcier, 2018, p. 199-215. 9782807906006. xxx xxx. http://hdl.handle.net/2078.1/196466


Working Papers


1. Roger, Patrick; D'Hondt, Catherine; Plotkina, Daria; Hoffmann, Arvid. Number 19: Another Victim of the COVID‐19 Pandemic?. 2022. 52 p. LIDAM Discussion Paper LFIN 2022/07. http://hdl.handle.net/2078.1/264121

2. De Winne, Rudy; Luong, Nhung; Palan, Stefan. Retail Investors’ Disposition Effect and Order Choices. 2022. 45 p. LIDAM Discussion Paper LFIN 2022/12. http://hdl.handle.net/2078.1/262253

3. D'Hondt, Catherine; De Winne, Rudy; Todorovic, Aleksandar. Target Returns and Negative Interest Rates. 2021. 29 p. LIDAM Discussion Paper LFIN 2021/11. http://hdl.handle.net/2078.1/253623

4. Corneille, Olivier; D'Hondt, Catherine; De Winne, Rudy; Efendic, Emir; Todorovic, Aleksandar. What leads people to tolerate negative interest rates on their savings?. 2020. 25 p. LFIN Working Paper 2020/05. http://hdl.handle.net/2078.1/228117

5. De Winne, Rudy. Measuring the disposition effect. 2020. 44 p. LFIN Working Paper 2020/01. http://hdl.handle.net/2078.1/227132

6. Bellofatto, Anthony; Broihanne, Marie-Hélène; D'Hondt, Catherine. Appetite for information and trading behavior. 2019. 34 p. xxx xxx. http://hdl.handle.net/2078.1/211506

7. Efendic, Emir; D'Hondt, Catherine; De Winne, Rudy; Corneille, Olivier. Negative interest rates may be more psychologically acceptable than assumed: Implications for savings. 2019. 27 p. xxx xxx. http://hdl.handle.net/2078.1/223229

8. Christophe Desagre; Catherine D'Hondt. Googlization and retail investors' trading activity. 2019. 39 p. LFIN Working Paper 2020/04. http://hdl.handle.net/2078.1/224597

9. Bellofatto, Anthony; D'Hondt, Catherine; De Winne, Rudy. Subjective Financial Literacy and Retail Investors' Behavior. 2018. xxx xxx. http://hdl.handle.net/2078.1/196459

10. Desagre, Christophe; D'Hondt, Catherine. Googlization and retail investment decisions. 2018. 23 p. xxx xxx. http://hdl.handle.net/2078.1/196595