The Value of Financial Advice and Portfolio Rebalancing for Retirement Savings
ABSTRACT Utilising a sample of over 55,000 retirement portfolio rebalances, we examine (i) who seeks financial advice prior to rebalancing, and (ii) compare portfolio outcomes between advised and self‐directed rebalances. We find that wealthier, older, and female members are more likely to receive financial advice prior to rebalancing, and that advice ...
Kirsten L. MacDonald +3 more
wiley +1 more source
Modulating the activity of the right temporoparietal junction alters the willingness to compete: the role of overconfidence. [PDF]
Wang P, Yan Y, Ma Z.
europepmc +1 more source
Who Moves First? Price Discovery by Institutional and Retail Investors
ABSTRACT This paper uses 77 million Finnish trades, classified as foreign institutional or domestic retail, to examine the drivers of price discovery. The results show that foreign institutional investors dominate price discovery overall, including during the Global Financial Crisis. Their informational advantage is explained by buy‐ and sell‐initiated
Zheng Wu +2 more
wiley +1 more source
Financial Knowledge or Managerial Competence? Disentangling Financial Literacy and Liquidity Constraints for Processing Continuity and Food Security in the Turkish Tea Industry. [PDF]
Gün M, Savcı M.
europepmc +1 more source
Overconfidence as Truth Approximation.
Human reasoning and decision-making under uncertainty often deviate from normative standards of rationality. Over the past decades, cognitive scientists have extensively investigated heuristics and cognitive biases, such as overconfidence—the tendency to overestimate the probability that one's judgments are correct.
Cevolani, Gustavo, Coraci, Davide
openaire +2 more sources
Can Enterprises Invest Efficiently in Smart Cities?
ABSTRACT The rapid expansion of the digital economy has accelerated smart city (SC) development in China. Using a time‐varying difference‐in‐differences approach, we examine the impact of SC policies on corporate investment efficiency. We document that SC construction significantly enhances investment efficiency, with robust results across multiple ...
Jingmiao Li +3 more
wiley +1 more source
Confident judgments of (mis)information veracity are more, rather than less, accurate. [PDF]
Banerjee A +3 more
europepmc +1 more source
ABSTRACT The study examines whether and how Chief Executive Officer (CEO) tenure and gender diversity influence the quality of carbon reporting (QCR), an increasingly significant dimension of non‐financial reporting in the era of climate change risk.
Muhammad Nurul Houqe +2 more
wiley +1 more source
ECG-based detection of occlusion myocardial infarction: a dedicated deep neural network versus multimodal large language models and physicians - a retrospective diagnostic accuracy study. [PDF]
Akar EH, Kokulu K, Sert ET.
europepmc +1 more source
Preventing lower‐level gambling harms: Shifting from individual‐ to system‐frame approaches
Abstract Background Gambling‐related harm is not concentrated solely among individuals meeting criteria for problematic or disordered gambling. Tackling harm at a population level is essential to reducing the total burden of harm and preventing escalation to more severe harms.
Robert M. Heirene
wiley +1 more source

