Journal of Behavioral and Experimental Finance
@jbef.bsky.social
The journal welcomes full-length and short letter papers as well as registered reports in the area of behavioral finance and experimental finance.
https://www.sciencedirect.com/journal/journal-of-behavioral-and-experimental-finance
https://www.sciencedirect.com/journal/journal-of-behavioral-and-experimental-finance
Forthcoming in JBEF: “Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China” by H. Su, J. Huang, and L. Chen. www.sciencedirect.com/science/arti...
Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China
This study examines whether and how merchant guilds’ historical traditions affect the stock price crash risk of Chinese firms. Using a comprehensive s…
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November 27, 2025 at 7:39 AM
Forthcoming in JBEF: “Historical business traditions and stock price crash risk: Evidence from merchant guilds’ influence in China” by H. Su, J. Huang, and L. Chen. www.sciencedirect.com/science/arti...
Proud to present JBEF's new logo ✨
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
November 20, 2025 at 1:07 AM
Proud to present JBEF's new logo ✨
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
A fresh look that reflects clarity, relevance, and forward-thinking spirit.
Many thanks to all contributors and supporters!
Forthcoming in JBEF: “Conducting Real-Time Interactive Experiments Online: A Guide for Researchers” by S. L. Flecke and S. Bachler. www.sciencedirect.com/science/arti...
Conducting real-time interactive experiments online: A guide for researchers
The COVID-19 pandemic has accelerated the shift towards online behavioral experiments and the increased adoption of crowdsourcing platforms for partic…
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November 6, 2025 at 8:39 AM
Forthcoming in JBEF: “Conducting Real-Time Interactive Experiments Online: A Guide for Researchers” by S. L. Flecke and S. Bachler. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Beyond Performance: Exploring trade-offs in the design of financial algorithms” by A. Gaudeul and C. Giannetti. www.sciencedirect.com/science/arti...
Beyond Performance: Exploring trade-offs in the design of financial algorithms
We investigate the trade-offs involved in encouraging the adoption of stock-trading algorithms. In a three-week artificial stock market experiment, in…
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October 30, 2025 at 8:40 AM
Forthcoming in JBEF: “Beyond Performance: Exploring trade-offs in the design of financial algorithms” by A. Gaudeul and C. Giannetti. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Women’s empowerment through financial literacy in a developed country” by P. Bello, A. Cristini, E. Manzoni, F. Origo, M. Puca, and C. Sturaro. www.sciencedirect.com/science/arti...
Women’s empowerment through financial literacy in a developed country
This paper presents the results of a financial literacy intervention conducted in collaboration with two Italian NGOs supporting women in distress, su…
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October 23, 2025 at 5:43 AM
Forthcoming in JBEF: “Women’s empowerment through financial literacy in a developed country” by P. Bello, A. Cristini, E. Manzoni, F. Origo, M. Puca, and C. Sturaro. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Investor attention and stock markets dynamics: Evidence from the COVID-19 pandemic” by R. C. Verhoeks, W. F. C. Verschoor, and R. C. J. Zwinkels. www.sciencedirect.com/science/arti...
Investor attention and stock markets dynamics: Evidence from the COVID-19 pandemic
We examine the role of pandemic attention in stock market dynamics during the coronavirus pandemic. We show that the amount of attention paid to pande…
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October 16, 2025 at 7:52 AM
Forthcoming in JBEF: “Investor attention and stock markets dynamics: Evidence from the COVID-19 pandemic” by R. C. Verhoeks, W. F. C. Verschoor, and R. C. J. Zwinkels. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Communication of ECB Governing Council Members: Impact on Intraday Financial Markets from Media Messages” by L. Jurkšas and R. Kaminskas. www.sciencedirect.com/science/arti...
Communication of ECB Governing Council members: Impact on intraday financial markets from media messages
The goal of this paper is to determine the heterogeneity in media messages across the ECB Governing Council members, employing the GPT language model,…
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October 12, 2025 at 9:42 PM
Forthcoming in JBEF: “Communication of ECB Governing Council Members: Impact on Intraday Financial Markets from Media Messages” by L. Jurkšas and R. Kaminskas. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Personalized reminders: Evidence from a field experiment with voluntary retirement savings in Colombia” by J. Gars, L. Prada, E. Tripodi, and S. Borda. www.sciencedirect.com/science/arti...
Personalized reminders: Evidence from a field experiment with voluntary retirement savings in Colombia
A large share of the global workforce lacks access to employer-sponsored retirement plans. In Colombia, where labor informality is high, the governmen…
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October 8, 2025 at 10:15 PM
Forthcoming in JBEF: “Personalized reminders: Evidence from a field experiment with voluntary retirement savings in Colombia” by J. Gars, L. Prada, E. Tripodi, and S. Borda. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Undefined benefit: Projections and anchors as guides to retirement decumulation” by B. R. Newell, H. Bateman, L. Dobrescu, J. Embrey, R. Nian, and S. Thorp. www.sciencedirect.com/science/arti...
Undefined benefit: Projections and anchors as guides to retirement decumulation
Most defined contribution retirement income systems assume that retiring participants have the know-how and confidence to turn their lump sum savings …
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October 6, 2025 at 10:13 PM
Forthcoming in JBEF: “Undefined benefit: Projections and anchors as guides to retirement decumulation” by B. R. Newell, H. Bateman, L. Dobrescu, J. Embrey, R. Nian, and S. Thorp. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “The effect of social comparison on debt taking: Experimental evidence” by A. Grohmann and M. Koch. www.sciencedirect.com/science/arti...
The effect of social comparison on debt taking: Experimental evidence
A number of studies show a link between social comparison and high levels of household debt. However, the exact underlying mechanisms are not yet well…
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October 5, 2025 at 5:43 AM
Forthcoming in JBEF: “The effect of social comparison on debt taking: Experimental evidence” by A. Grohmann and M. Koch. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Mental framing effects in dynamic portfolio choice” by E. De Giorgi, A. Omar, and T. Post. www.sciencedirect.com/science/arti...
Mental framing effects in dynamic portfolio choice
We present experimental evidence of systematic decision errors in dynamic portfolio choice. Participants created contingency plans in a lattice model.…
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October 1, 2025 at 11:20 PM
Forthcoming in JBEF: “Mental framing effects in dynamic portfolio choice” by E. De Giorgi, A. Omar, and T. Post. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Zero intelligence in an edgeworth box” by B. Williams. www.sciencedirect.com/science/arti...
Zero intelligence in an Edgeworth box
Gode and Sunder (1993) brought a lower-bound to the literature on bounded rationality in the continuous double auction, asserting the institutional ru…
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September 28, 2025 at 9:45 PM
Forthcoming in JBEF: “Zero intelligence in an edgeworth box” by B. Williams. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Under the Shield: How Directors’ and Officers’ Liability Insurance Affects Corporate Greenwashing“ by C. Tang, G. Yang, and X. Liu. www.sciencedirect.com/science/arti...
Under the shield: How directors’ and officers’ liability insurance affects corporate greenwashing
The dual-edged nature of Directors’ and Officers’ liability insurance (D&O insurance) draws our attention to exploring how it influences corporate gre…
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September 25, 2025 at 7:35 PM
Forthcoming in JBEF: “Under the Shield: How Directors’ and Officers’ Liability Insurance Affects Corporate Greenwashing“ by C. Tang, G. Yang, and X. Liu. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Proximity-powered attention: Exploring spatial spillover in investor attention“ by K. R. Lehmann and P. N. Posch. www.sciencedirect.com/science/arti...
Proximity-powered attention: Exploring spatial spillover in investor attention
This paper examines the transmission of investor attention between firms based on geographical proximity and product market similarity using EDGAR sea…
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September 21, 2025 at 7:36 AM
Forthcoming in JBEF: “Proximity-powered attention: Exploring spatial spillover in investor attention“ by K. R. Lehmann and P. N. Posch. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Does CEO accent impact investors’ investment decision?“ by D. Kale and A. Triki. www.sciencedirect.com/science/arti...
Does CEO accent impact investors’ investment decision?
We explore the impact of CEO accent on the investment decisions of non-professional investors and the drivers of such investment decisions. Using AI t…
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September 18, 2025 at 4:58 AM
Forthcoming in JBEF: “Does CEO accent impact investors’ investment decision?“ by D. Kale and A. Triki. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “The Economic Value of ‘Kosher’ Impact Banking“ by Y. B. Eli, T. Kalagy, and M. Rosenboim. www.sciencedirect.com/science/arti...
The economic value of “Kosher” impact banking
Financial institutions around the world are aware of customers' ambitions to conduct their financial activities in accordance with their values. In re…
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September 14, 2025 at 7:30 AM
Forthcoming in JBEF: “The Economic Value of ‘Kosher’ Impact Banking“ by Y. B. Eli, T. Kalagy, and M. Rosenboim. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Bias in Cryptocurrency Investing: The Effect of Financial and Moral Considerations“ by H. Shahriari, A. Stivers, and M. Tsang. www.sciencedirect.com/science/arti...
Bias in cryptocurrency investing: The effect of financial and moral considerations
In an experimental investment allocation task, we find that the average participant did not appear to factor cryptocurrency’s social aspects into thei…
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September 10, 2025 at 10:35 PM
Forthcoming in JBEF: “Bias in Cryptocurrency Investing: The Effect of Financial and Moral Considerations“ by H. Shahriari, A. Stivers, and M. Tsang. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Exploring the impact of Identity Fusion on Managerial Decision-Making in Eponymous Firms“ by Y. Mugerman and R. Rooz. www.sciencedirect.com/science/arti...
Exploring the impact of identity fusion on managerial decision-making in eponymous firms
This study examines how identity fusion influences managerial decision-making in family-owned businesses, with a particular focus on eponymous firms. …
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September 8, 2025 at 11:40 PM
Forthcoming in JBEF: “Exploring the impact of Identity Fusion on Managerial Decision-Making in Eponymous Firms“ by Y. Mugerman and R. Rooz. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Professional skepticism and behavioral bias in financial professionals“ by C. de Klerk, Z. Enslin, and J. Hall. www.sciencedirect.com/science/arti...
Professional skepticism and behavioral bias in financial professionals
Over the past few years professional skepticism has received attention from various stakeholders such as policymakers, practitioners, regulators, and …
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September 7, 2025 at 6:20 PM
Forthcoming in JBEF: “Professional skepticism and behavioral bias in financial professionals“ by C. de Klerk, Z. Enslin, and J. Hall. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Does climate risk perception drive the realization of corporate environmental responsibility“ by L. Tian, H. Wu, and X. Zhu. www.sciencedirect.com/science/arti...
Does climate risk perception drive the realization of corporate environmental responsibility?
This paper explores the impacts and mechanisms of climate risk perception on the realization of environmental responsibility from a micro-firm perspec…
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September 5, 2025 at 4:25 AM
Forthcoming in JBEF: “Does climate risk perception drive the realization of corporate environmental responsibility“ by L. Tian, H. Wu, and X. Zhu. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Extending the technology acceptance model (TAM): Factors influencing behavioural intentions of investors to use the advice of finfluencers“ by A. Chandani, M. Sanghvi, S. Wagholikar, M. Pathak, S. Bagade, P. Ubarhande, and U. Saini. www.sciencedirect.com/science/arti...
Extending the technology acceptance model (TAM): Factors influencing behavioural intentions of investors to use the advice of finfluencers
Financial Influencers (Finfluencers) have a considerable influence on investment advice, and they use multiple social media platforms to reach target …
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September 2, 2025 at 7:54 AM
Forthcoming in JBEF: “Extending the technology acceptance model (TAM): Factors influencing behavioural intentions of investors to use the advice of finfluencers“ by A. Chandani, M. Sanghvi, S. Wagholikar, M. Pathak, S. Bagade, P. Ubarhande, and U. Saini. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Empowering Consumers: An Experimental Study of Human and AI Intermediary in Insurance Decision-Making“ by X. Yang, T. Xia, E. Zhang, and X. Zhou. www.sciencedirect.com/science/arti...
Empowering consumers: an experimental study of human and AI intermediary in insurance decision-making
Insurance institutions are increasingly leveraging AI to optimize operations, and insurance intermediaries, which are designed to facilitate consumer …
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August 31, 2025 at 5:22 PM
Forthcoming in JBEF: “Empowering Consumers: An Experimental Study of Human and AI Intermediary in Insurance Decision-Making“ by X. Yang, T. Xia, E. Zhang, and X. Zhou. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Diffusion of mobile banking among rural women: Incentivizing local leaders vs. a marketing campaign“ by P. Brañas-Garza, J. Kovářík, and E. G. Rascón-Ramírez. www.sciencedirect.com/science/arti...
Diffusion of mobile banking among rural women: Incentivizing local leaders vs. a marketing campaign
How can we promote the adoption of mobile banking among the socially and economically disadvantaged? We compare the effectiveness of two strategies, s…
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August 27, 2025 at 10:37 PM
Forthcoming in JBEF: “Diffusion of mobile banking among rural women: Incentivizing local leaders vs. a marketing campaign“ by P. Brañas-Garza, J. Kovářík, and E. G. Rascón-Ramírez. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Why does good news increase stock price crash risk: An explanation based on the gambling channel“ by L. Yang and E. T. Lee. www.sciencedirect.com/science/arti...
Why does good news increase stock price crash risk: An explanation based on the gambling channel
This study investigates the relationship between corporate performance and stock price crash risk, uncovering an intriguing phenomenon: higher corpora…
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August 26, 2025 at 12:22 AM
Forthcoming in JBEF: “Why does good news increase stock price crash risk: An explanation based on the gambling channel“ by L. Yang and E. T. Lee. www.sciencedirect.com/science/arti...
Forthcoming in JBEF: “Dynamic risk spillovers between crude oil futures and the Chinese stock market under exogenous shocks: A refined analysis with stock clustering“ by H. Guo, W. Zhao, B. Jia, and C. Sui. www.sciencedirect.com/science/arti...
Dynamic risk spillovers between crude oil futures and the Chinese stock market under exogenous shocks: A refined analysis with stock clustering
This study examines the dynamic relationship between the Chinese stock market and Brent futures under external shocks from January 2016 to December 20…
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August 24, 2025 at 5:18 AM
Forthcoming in JBEF: “Dynamic risk spillovers between crude oil futures and the Chinese stock market under exogenous shocks: A refined analysis with stock clustering“ by H. Guo, W. Zhao, B. Jia, and C. Sui. www.sciencedirect.com/science/arti...