Over the last two and a half decades, the discipline of corporate finance has seen major changes. Managers are occasionally irrational, according to a large body of study in economics, finance, and even psychology. Managers have been observed to make
Read MoreThis research examines the impact of social media, notably Twitter, on stock returns for biotechnology companies after their first public offerings (IPOs). While the risk associated with biotechnology initiatives lessens as the product development cycle progresses, the absolute capital requirements
Read MoreThe rationality model is being challenged by cognitive psychologists' research. It has begun to penetrate economic modelling, with a large amount of experimental documentation of cognitive weaknesses accumulated thus far, raising the question of whether behavioural decision models, which capture
Read More