Three Essays in Behavioural Finance Studies on Investor Resilience Managerial Conviction and Corporate Attention Seeking

Abstract

People behave irrationally in financial decision making as observed by several newlineresearchers. Relaxing the neoclassical assumption of rationality, researchers have newlinemoved from the normative model to a descriptive model, paving way to the field of newlinebehavioural finance. Behavioural finance is the academic wedlock of traditional newlinefinance and psychology that helps us understand the financial decision-making newlineprocess under realistic conditions. The influence of behavioural factors in newlinedecision-making is unavoidable; however, scientific measurements can help us newlineunderstand its impact. newline