1.          1.

Andrew W. Lo , “Reconciling Efficient Markets with Behavioral Finance: The Adaptive Markets Hypothesis”, Journal of Investment Consulting, 2005.

2.           

Rubinstein, M., 2001, “Rational Markets: Yes or No? The Affirmative Case”, Financial Analysts Journal 57, 15-29.

3.           

Shefrin, H. and M. Statman, 2000, “Behavioral Portfolio Theory”, Journal of Financial and Quantitative Analysis 35, 127-151.

4.           

Lo, A., 2004, “The Adaptive Markets Hypothesis: Market Efficiency from an Evolutionary Perspective”, Journal of Portfolio Management 30, 15-29.

5.          2.

Robert J. Shiller (2005) “Tools for Financial Innovation: Neoclassical versus Behavioral Finance” Financial Review, Vol. 41, Iss.1, 1-8.

6.           

Shiller, Robert J. (2003), “From Efficient Market Theory to Behavioral Finance” Journal of Economic Perspectives, Vol.17(1), 83-104.

7.          4.

Alexander Ljungqvist and William J. Wilhelm Jr (2005) “Does Prospect Theory Explain IPO Market Behavior?” Journal of Finance, Vol.60, Iss.4, 1759-1790.

ü

8.          5.

Alon Brav, James Breckinridge Heaton and Alexander Rosenberg (2004) “The Rational-Behavioral Debate in Financial Economics” Journal of Economic Methodology, Vol.11, Iss.4, 393-409.

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9.          8.

Barberis, Nicholas and Richard H. Thaler (2003), “A Survey of Behavioral Finance” Handbook of the Economics of Finance, Edition 1, Vol.1, Chapter 18, 1053-1128.

1.          3.

Nicole Choi, Richard W. Sias, “Institutional industry herding”, Journal of Financial Economics, Vol. 94, Issue 3, December 2009, pp. 469-491.

2.           

Natividad Blasco and Sandra Ferreruela, “Testing Intentional Herding in Familiar Stocks: An Experiment in an International Context”, Journal of Behavioral Finance, Vol. 9, Iss. 2, 2008, pp.72-84.

3.           

Hirofumi Uchida, Ryuichi Nakagawa, “Herd behavior in the Japanese loan market: Evidence from bank panel data”, Vol. 16, Iss. 4, October 2007, pp.555-583.

ü

4.           

Acharya, V. & T. Yorulmazer, “Info contagion and bank herding” J of Money, Credit and Banking, forthcoming.

5.          4.

Doron Avramov, Tarum Chordia, and Amit Goyal (2006), “The Impact of Trades on Daily Volatility”, The Review of Financial Studies, Vol, 19, No.4.

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6.          6.

Dan Bernhardt, Murillo Campello and Edward Kutsoati (2006), “Who Herds?”, Journal of Financial Economics, Forthcoming..

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7.          7.

Soosung Hwang and Mark Salmon (2004), “Market Stress and Herding” Journal of Empirical Finance 11, 585-616

8.          9.

David Hirshleifer and Siew Hong Teoh, (2003) “Herd Behavior and Cascading in Capital Markets: A Review and Synthesis” European Financial Management, Vol.9, No.1, 25-66.

9.          13.

Devenow, A. and Ivo Welch (1996), “Rational Herding in Financial Economics”, European Economic Review, Vol. 40, 603-615.

10.      14.

Froot, K., Sharfstein D. S. and Stein J.C. (1992), “Herd on the Street: Informational Inefficiencies in a Market with short-term Speculation”, Journal of finance Vol. 47,  1461-1484.

11.      15.

Michael B.Clement and Senyo Y. Tse (2005), “Financial Analyst Characteristics and Herding Behavior in Forecasting”, Journal of Finance, Vol. 60, No. 1

1.     

Cao, H. Henry; Ou-Yang, Hui, “Differences of Opinion of Public Information and Speculative Trading in Stocks and Options”, Review of Financial Studies, Vol. 22, Issue 1, Jan2009, pp299-335

2.     

Alexander David, “Heterogeneous Belisfs, Speculation, and the Equity Premium”, Journal of Finance, Vol. 63, Iss. 1, February 2008, pp. 41-83.

3.     

H. Henry Cao and Hui Qu-Yang, “Differences of Opinion of Public Information and Speculative Trading in Stocks and Options”, The Review of Financial Studies, Vol. 22, No. 1, Jan2009, pp. 299-335.

4.     

Ronnie Sadke and Anna Scherbina, “ Analyst Disagreement, Mispricing , and Liquidity”, The Journal of Finance, Oct. 2007, Vol. 62, Iss. 5, pp.2367-2403.

5.     

Alexander David, “Heterogeneous Beliefs, Speculation, and the Equity Premium”, The Journal of Finance, Feb. 2008, Vol. 63, Iss. 1, pp. 41-83.

ü

6.     

Chen, Q. and Wei Jiang, “Analyst weighting of private and public info,” RFS, Vol 19, No 1, 319-355, 2006.

7.     

Clara vega(2006), “Stock Price reaction to public and private information.”, Journal of Financial Economics, Vol. 82, Iss.1, 103-133.

ü

8.     

Doukas, John A.; Kim Chansong(Francis) and Pantzalis Christos(2006), “Divergence of Opinion and Equity Returns.”, Journal of Financial & Quantitative Analysis, Vol.41, Iss.3, 573-606.

9.     

Randi Nas and Johannes A. Skjeltorp (2006), “Order book characteristics and the volume-volatility relation: Empirical evidence from a limit order market”, Journal of Financial Markets, Vol. 9, 408-432.

10.       

Rodney D. Boehme, Bartley R. Danielsen and Sorin M. Sorescu (2006) “Short-Sale Constraints, Differences of Opinion, and Overvaluation”, JFQA, Vol.41, No.2.

11.       

John A. Doukas, Chansog Kim and Christos Pantzalis (2006) “Divergence of Opinion and Equity Returns under Different States of Earnings Expectations” Journal of Financial Markets, Vol.9, Iss.3, 310-331.

12.       

Yan Gao, Connie Xiangdong Mao, Rui Zhong (2006) “Divergence of Opinion and Long-Term Performance of Initial Public Offerings” Journal of Financial Research, Vol.29, Iss.1, 113-129.

13.       

Evan W. Anderson, Eric Ghysels and Jennifer L. Juergens (2005), “Do Heterogeneous Beliefs Matter for Asset Pricing?”, Review of Financial Studies, Vol.18, No.3.

14.       

Jos Van Bommel (2003) “Rumors” Journal of Finance Vol.58, No.4, 1499-1520.

ü

15.       

Harrison Hong and Jeremy C. Stein (2003) “Differences of Opinion, Short-Sales Constraints, and Market Crashes” Review of Financial Studies Vol.16, No.2, 487-525.

16.       

Bloomfield, R., and Vrinda Kadiyali (2001), “How Verifiable Cheap-Talk Can Convey Unverifiable Information”, Quantitative Marketing and Economics, Vol.3, Iss.4. 337-363

17.       

Kandel, Eugene, Pearson and Neil D. (1995), “Differential Interpretation of Public signals and Trade in Speculative Markets.” Journal of Political Economy, Vol. 103, 831-872.

1.     

Paul G. J. O’Connell and Melvyn Teo, “Institutional Investors, Past Performance, and Dynamic Loss Aversion”, Journal of Financial and Quantitative Analysis, Vol. 44 Iss. 1. February 2009, pp 155-188.

2.     

Mark Grinblatt, Matti Keloharju, “Sensation Seeking, Overconfidence, and Trading Activity”, The Journal of Finance, Vol. 64, Issue 2, April 2009, pp. 549-578.

3.     

Bernard Dumas, Alexander Kurshev, Raman Uppal, “Equilibrium Portfolio Strategies in the Presence of Sentiment Risk and Excess Volatility”, The Journal of Finance, Vol. 64, Issue 2, April 2009, 579-629.

4.     

Kogan, Shimon, “Distinguishing the Effect of Overconfidence from Rational Best-Response on Information Aggregation”, Review of Financial Studies, Vol. 22, Issue 5, May2009, pp.1889-1914.

5.     

BeBondt, W. and R. Thaler, 1986, “Does the Stock Market Overreact?”, Journal of Finance 40, 793-807.

6.     

Gervais, S. and T. Odean, 2001, “Learning to Be Overconfident”, Review of Financial Studies 14, 1-27.

7.     

Guiso, Luigi, Sapienza, Paola, Zingales, Luigi,” Trusting the Stock Market”, The Journal of Finance, Vol. 63. Iss. 6, Dec2008, pp.2557-2600.

8.     

Kaustia, Markku, Knupfer, Samuli, “Do Investors Overweight Personal Experience? Evidence From IPO Subscriptions”, Journal of Finance, Vol. 63, Iss. 6, Dec2008, pp. 2679-2702.

9.     

Thomas J. George and Chuan-Yang Hwang, “Long-Tern Return Reversals: Overreaction or Taxes?”, The Journal of Finance, Dec. 2007, Vol. 62, Iss. 6, pp.2865-2896.

10.       

Kent Daniel and Sheridan Titman (2006) “Market Reactions to Tangible and Intangible” The Journal of Finance, Vol.61, Iss.4.

11.       

Alexander W. Butler, Gustavo Grullon and James. P. Westion (2006) “Can Managers Successfully Time the Maturity” The journal of Finance, Vol.61, Iss.4.

ü

12.       

David Hirshleifer, Avanidhar Subrahmanyam and Sheridan Titman (2006) “Feedback and the success of irrational investors” Journal of Financial Economics, Vol.81, Iss.3, 311-338.

ü

13.       

Meir Statman, Steven Thorley and Keith Vorkink (2006) “Investor Overconfidence and Trading Volume” The Review of Financial Studies, Vol.19, No.4, 1531-1565.

14.       

Allan C. Eberhart, William Maxwell and Akhtar R. Siddique (2006) “Does the Stock market Underreact to R&D Increases?” Journal of Investment Management, Vol.4, No.1.

15.       

Bruno Biais, Denis Hilton, Karine Mazurier and Sebastien Pouget (2005) “Judgmental Overconfidence, Self-monitoring and Trading Performance in an Experimental Financial Market” Review of Economic Studies, Vol.72, Iss.251, 287-312.

16.       

Jeffrey John Rachlinski and Gregory P. Lablanc (2005) “In Praise of Investor Irrationality” The Law and Economics of Irrational Behavior, Francesco Parisi, Vernon L. Smith, eds., Stanford University Press.

17.       

Lin Peng and Wei Xiong “Investor Attention, Overconfidence and Category Learning” Journal of Financial Economics, Forthcoming, June 2006, Vol. 80, Iss. 3, pp. 563-602.

18.       

Clara Vega “Stock Price Reaction to Public and Private Information” Journal of Financial Economics, October 2006, Vol. 82, Iss. 1, pp. 103-33

19.       

Johnson, Tim and Andrew Jackson (2006), “Unifying Underreaction Anomalies”, The Journal of Business, Vol.79, 75–114

20.       

Antonios Antoniou, Emilios C. Galariotis and Spyros I. Spyrou (2005) “Contrarian Profits and the Overreaction Hypothesis: The Case of the Athens Stock Exchange” European Financial Management, Vol. 11, No. 1, 71-98.

21.       

Theo Offerman and Joep Sonnemans (2004) “What’s Causing Overreaction? An Experimental Investigation of Recency and the Hot-hand Effect” Scandinavian Journal of Economics, Vol. 106 ,No.3, 533-554

22.       

Diego Garcia, Francesco Sangiorgi and Branko Urosevic(2004) “Overconfidence and Market Efficiency with Heterogeneous Agents” FEN Behav-Exper-Fin WPS Vol.5,No.17.

23.       

Markus Glaser and Martin Weber “Overconfidence and Trading Volume”, Geneva Risk and Insurance Review, June 2007, Vol. 32, Iss. 1, pp. 1-36.

24.       

Kadiyala, Padmaja and Panambur Raghavendra Rau (2004), “Investor Reaction to Corporate Event Announcements: Under-reaction or Over-reaction?” The Journal of Business, Vol. 77, 357-386.

25.       

Kent D. Daniel, David Hirshleifer and Avanidhar Subrahmanyam(2001), “Overconfidence, Arbitrage, Equilibrium Asset Pricing” The Journal of Finance Vol. LVI, No. 3.

ü

26.       

Daniel K., Hirshleifer d. and Subrahmanyam A. (1998), “Investor Psychology and Security Market Under-and Overreactions,” Journal of Finance Vol. 53, 1457-1469.

27.       

Benos and Alexandros (1998), “Aggressiveness and Survival of Overconfident Traders”, Journal of Financial Markets, Vol.1, No.3-4, 353-383.

ü

28.       

Odean, Terrance (1998), “Volume, Volatility, and Profit When All Traders Are above Average,” The Journal of Finance, Vol.54, No.6.

1.     

Julia Henker and Sian Owen, “Bursting Bubbles: Linking Experimental Financial Market Results to Field Market Data”, Journal of Behavioral Finance, Vol. 9, Iss. 1, 2008, pp. 5-14.

2.     

Gueorgui l. Kolev, “The Stock Market Bubble, Shareholders’ Attribution Bias and Excessive Top CEO Pay”, Journal of Behavioral Finance, Vol. 9, Iss.2, 2008, pp.62-71.

3.     

Lo, A. , 2002, “Bubble, Rubble, Finance In Trouble?”, Journal of Psychology and Financial Markets 3, 76-86.

4.     

Harrison Hong, Jose Scheinkman, Wei Xiong, “Advisors and Asset Prices: A Model of The Origins of Bubbles”, Journal of Financial Economics, Vol. 89, Iss. 2, Aug2008, pp. 268-287.

5.     

Utpal Bhattacharya, and Xiaoyun Yu, “The Causes and Consequences of Recent Financial Market Bubbles: An Introduction”, The Review of Financial Studies, Vol. 21, No. 1, Jan2008, pp. 3-10.

6.     

Maureen O’Hara, “Bubbles: Some Perspectives (and Loose Talk) from History”, The Review of Financial Studies, Vol. 21, No. 1, Jan2008, pp. 11-17.

7.     

Peter M. DeMarzo, Ron Kaniel, and Ilan Kremer, “Relative Wealth Concerns and Financial Bubbles”, The Review of Financial Studies, Vol. 21, No. 1, Jan2008, pp. 19-50.

8.     

Nishant Dass, Massimo Massa, and Rajdeep Patgiri, “Mutual Funds and Bubbles: The Surprising Role of Contractual Incentives”, The Review of Financial Studies, Vol. 21, No. 1, Jan2008, pp. 51-99.

9.     

Daniel J. Bradley, Bradford D. Jordan, and Jay R. Ritter, “Analyst Behavior Following IPOs: The “Bubble Period” Evidence”, The Review of Financial Studies, Vol. 21, No. 1, Jan2008, pp. 101-133.

10.       

Utpal Bhattacharya and Xiaoyun Yu, “ The Causes and Consequences of Recent Financial Market Bubbles: An Introduction”, The Review of Financial Studies, Vol. 21, No. 1, January 2008, pp.3-10.

11.       

Maureen O’Hara, “Bubbles: Some Perspectives (and Loose Talk) from Histrory”, The Review of Financial Studies, Vol. 21, No. 1, January 2008, pp.11-17.

ü

12.       

Harrison G. Hong, Jose A. Scheinkman and Wei Xiong (2006) “Asset Float and Speculative Bubbles” The Journal of Finance, Vol.61, No.3.

ü

13.       

Jose A.Scheinkman amd Wei Xiong (2003) “Overconfidence and Speculative Bubbles” Journal of Political Economy, Vol. 111.

14.       

Miller, Ross M. (2002), “Can Markets Learn to Avoid Bubbles?”, Journal of Psychology & Financial Markets, Vol. 3.

15.       

Asness, C. S. (2000), “Bubble Logic: or, How to Learn to Stop Worrying and Love the Bull.” The Journal of Futures Markets, Vol. 21, No. 1, 79-.

1.      

Hong Qian, “Time Variation in Analyst Optimism: An Investor Sentiment Explanation”, Journal of Behavioral Finance, Vol. 10, Iss. 3, 2009, pp. 182-193.

2.      

Jarkko Peltomäki, “Investor Sentiment and Time-Varying Market Risk in Market-Neutral Hedge Funds”, Journal of Behavioral Finance, Vol. 10, Iss. 4, 2009, pp.226-233.

3.      

Baker, M and J.C. Stein, "Market liquidity as a sentiment indicator," Journal of Financial Makrets 7, 2004, 271-299.

4.      

Barber, Brad M., Yi-Tsung Lee, Yu-Jane Liu, and Terrance Odean, "Just how much do individual investors lose by trading?" The Review of Financial Studies 22, 2009, 609-632. 

5.      

Bing Han, “Investor Sentiment and Option Prices”, The Review of Financial Studies, Vol. 21, No. 1, January 2008, pp. 387-414.

ü

6.      

Francesca Cornelli and David Goldreich (2006) “Investor Sentiment and Pre-IPO Markets” The Journal of Finance, Vol.61, Iss.3.

ü

7.      

Alok Kumar and Charles M. C. Lee (2006) “Retails Investor Sentiment and Return Comovements” The Journal of Finance, Vol.LXI, No.4, October.

ü

8.      

Michael Lemmon and Evgenia Portniaguina (2006) “Consumer Confidence and Asset Prices: Some Empirical Evidence” The Review of Financial Studies, Vol.19, No.4, 1499-1529.

9.      

Malcolm Baker and Jeffrey Wurgler (2006) “Investor Sentiment and the Cross-Section of Stock Returns” The Journal of Finance, Vol.61, Iss.4.

10.  

Dan Galai and Orly Sade “The “Ostrich Effect” and the Relationship between the Liquidity and the Yields of Financial Assets”, Journal of Business, September 2006, v. 79, iss. 5, pp. 2741-59

11.  

Alexander Ljungqvist,Vikram K. Nanda and Rajdeep Singh, “Hot Markets, Investor Sentiment, and IPO Pricing”, Journal of Business, July 2006, v. 79, iss. 4, pp. 1667-1702.

ü

12.  

Malcolm Baker and Jeremy C. Stein (2004) “Market Liquidity as a Sentiment Indicator” Journal of Financial Markets. Vol.7, Issue 3 , 271-299.

13.  

Gregory W. Brown and Michael T. Cliff (2004) “Investor Sentiment and the Near-term Stock Market” Journal of Empirical Finance 11, 1-27.

14.  

Greg R. Durham, Michael G. Hertzel and J. Spencer Martin “The Market Impact of Trends and Sequences in Performance: New Evidence” Journal of Finance, Vol.60, Iss.5, 2551-2569.

15.  

Elroy Dimson , Paul Marsh and Mike Staunton (2004) “Irrational Optimism” Financial Analysts Journal, Vol.60, No.1, 15-25.

16.  

Statman, Meir and Kenneth L. Fisher , “Consumer Confidence and Stock Returns”, Journal of Portfolio Management, Fall 2003, v. 30, iss. 1, pp. 115-27

ü

17.  

Barberis, Nicholas, Andrei Shleifer and Robert Vishny (1998), “A Model of Investor Sentiment”, Journal of Financial Economics, Vol. 49, 307-343.

1.          1.

Brad M. Barber, Terrance Odean, and Ning Zhu, “Do Retail Trades Move Markets?”, The Review of Financial Studies, Vol. 22, No. 1, Jan2009, pp. 151-186.

2.           

Guolin Jiang, Paul G. Mahoney and Jianping Mei (2005) “Market Manipulation: A Comprehensive Study of Stock Pools” Journal of Financial Economics, Vol.77, Iss.1, 147-170.

3.           

Naveen Khanna and Ramana Sonti (2004) “Value Creating Stock Manipulation: Feedback Effect of Stock Prices on Firm Value” Journal of Financial Markets 7, 237-270.

4.           

Vitale P. (2000), “Speculative Noise trading and Manipulation in the Foreign Exchange Market”, Journal of International Money and Finance, Vol. 19, No. 5.

1.          1.

George Bulkley and Vivekanand Nawosah, “Can the Cross-Sectional Variation in Expected Stock Returns Explain Momentum? “, Journal of Financial and Quantitative Analysis, Volume 44, Issue 04, August 2009, pp 777-794.

2.           

Michela Verardo, “Heterogeneous Beliefs and Momentum Profits“, Journal of Financial and Quantitative Analysis, Volume 44, Issue 04, August 2009, pp 795-822.

3.           

Roberto C. Gutierrez JR, Eric K. Kelley, “The Long-Lasting Momentum in Weekly Returns”, Journal of Finance, Vol. 63, Iss. 1, February 2008, pp. 415-447.

4.           

Roberto C. Gutierrez JR. and Eric K. Kelley, “The Long-Lasting Momentum in Weekly Returns”, The Journal of Finance, February 2008, Vol.63, Iss. 1, pp. 415-447.

5.           

Doron Avramov, Tarun Chordia, Gergana Jostova, and Alexander Philipov, “Momentum and Credit Rating”, The Journal of Finance, Oct. 2007, Vol. 62, Iss. 5, pp.2503-2520.

6.          2

Richard W.Sias (2003) “Reconcilable Differences: Momentum Trading by Institutions”, The Financial Review, February 2007, Volume 42, Number 1.

7.           

Momentum: A review, Narasimhan Jegadeesh and Sheridan Titman, 2005, Advances in Behavioral Finance II, Ed. Richard Thaler, Princeton Press, NJ.

1.    

Nicholas Barberis, Wei Xiong, “What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation”, The Journal of Finance, Vol. 64, Issue 2, April 2009, pp. 751-784.

2.    

Patrick Roger, “Does the Consciousness of the Disposition Effect Increase the Equity Premium”, Journal of Behavioral Finance, Vol. 10, Iss. 3, 2009, pp.138-151.

3.    

Fennee Chong, “ Disposition Effect and Flippers in the Bursa Malaysia”, Journal of Behavioral Finance, Vol. 10, Iss.3, 2009, pp.152-157.

4.    

Andrea Frazzini (2006) “The Disposition Effect and Underreaction to News”, The Journal of Finance, Vol.61, Iss.4.

1.   

Bernstein, P., 1998, “Why the Efficient Market Offers Hope to Active Management”, in Economics and Portfolio Strategy, October 1. New York: Peter Bernstein, Inc.

2.   

Black, F., 1986, “Noise”, Journal of Finance 41, 529-544.

3.   

Merton, R. and Z. Bodie, 2005, “Design of Financial Systems: Towards a Synthesis of Function and Structure”, Journal of Investment Management 3, 6-28.

4.   

Statman, M., 2004a, “What Do Investors Want?”, Journal of Portfolio Management 30, 153-161.

5.   

Ron Kaniel, Gideon Saar, and Sheridan Titman, “Individual Investor Trading and Stock Returns”, The Journal of Finance, February 2008, Vol.63, Iss. 1, pp. 273-310.

6.   

Ng, Lilian and Wu, Fei (2007), “The Trading Behavior of Institutions and Indivituals in Chinese Equity Markets”, Vol. 31, Iss. 9, 2695-2710.

7.   

Bollenn, Nicolas, “Mutual Fund Attributes and Investor Behavior”, Journal of Financial & Quantitative Analysis, Sep. 2007, Vol. 42, Iss. 3, pp.683-708.

1.          1.

Andriy Bodnaruk, Per Ostberg, “Does investor recognition predict returns?”, Journal of Financial Economics, Vol. 91, Issue 2, February 2009, pp. 208-226.

ü

2.           

Doron Avramove and Tarun Chordia (2006) “Asset Pricing Models and Financial Market Anomalies” Review of Financial Studies, Vol.19, Iss.3, 1001-1040.

3.           

Larry G. Epstein and Martin Schneider, “ Ambiguity , Information Quality, and Asset Pricing”, Journal of Finance, Vol. 63, Iss. 1, February 2008, pp. 197-228.

4.           

Doron Avramov and Tarun Chordia (2006), “Asset Pricing Models and Financial Market Anomalies” Review of Financial Studies, Vol. 19, No.3, 1001-1040.

5.          2

Joshua D. Coval and Tyler Shumway (2005), “Do Behavioral Biases Affect Prices?”,  Journal of Finance, Vol. 60, No. 1

6.          7.

Hersh Shefrin (2001) “Do Investor Expect Higher Returns from Safer Stocks than from Riskier Stocks?” Journal of Psychology & Financial Markets, Vol.2, No.4.

1.    

Christopher Polk and Paola Sapienza, “ The Stock Market and Corporate Investment: A Test of Catering Theory”, The Review of Financial Studies, Vol. 22, No. 1, Jan2009, pp. 187-217

2.    

Goel, Anand M., Thakor, Anjan V., “Overconfidence, CEO Selection, and Corporate Governance”, The Journal of Finance, Vol. 63. Iss. 6, Dec2008, pp. 2737-2784.

3.    

Dimitrios Vasiliou and Nikolaos Daskalakis, “Behavioral Capital Structure: Is the Neoclassical Paradigm Threatened? Evidence from the Field”, Journal of Behavioral Finance, Vol. 10, Iss. 1, 2009, pp. 19-32.

4.    

Massimo Massa, Lei Zhang, “Cosmetic mergers: The effect of style investing on the market for corporate control”, Journal of Financial Economics, Vol. 93, Issue 3, Sep2009, pp. 400-427.

5.    

Bouwman, Christa H. S.; Fuller, Kathleen; Nain, Amrita S., “Market Valuation and Acquisition Quality: Empirical Evidence”, Review of Financial Studies, Vol. 22, Issue 2, Feb2009, pp. 633-679.

1.          1.

Cêline Gondat- Larralde, Kevin R. James, “IPO Pricing and Share Allocation: The Importance of Being Ignorant”, Journal of Finance, Vol. 63, Iss. 1, February 2008, pp. 449-478.

2.           

Chris Yung, Qonul Colak, Wei Wang, “Cycles in The IPO Market”, Journal of Financial Economics, Vol. 89, Iss. 1, July2008, pp. 192-208.

3.           

Zhaohui Chen, William J. Wilhelm Jr., “A Theory of the Transition to Secondary Market Trading of IPOs”, Journal of Financial Economics, Vol. 90, Iss. 3, Dec2008. pp.219-236.

4.           

Andriy Bodnaruk, Eugene Kandel, Massimo Massa, and Andrei Simonov, “Shareholder Diversification and the Decision to Go Public”, The Review of Financial Studies, Vol. 21, No. 6, Nov2008, pp. 2779-2824.

5.           

Evgeny Lyandres, Le Sun, and Lu Zhang, “The New Issues Puzzle: Testing the Investment-Based Explanation”, The Review of Financial Studies, Vol. 21, No. 6, Nov2008, pp. 2825-2855.

6.           

Celine Gondat-Larralde and Kevin R. James, “IPO Pricing and Share Allocation: The Importance of Being Ignorant”, The Journal of Finance, February 2008, Vol.63, Iss. 1, pp. 449-478.

7.           

Ritter, Jay R. and Zhang, Donghang (2007), “Affiliated Mutual Funds and The Allocation of Initial Public Offerings”, Journal of Financial Economics, Vol. 86, Iss. 2, pp. 337-368

8.           

Yasuda, Ayako (2007), “Bank Relationships and Underwriter Competition: Evidence From Japan”, Journal of Financial Economics, Vol. 86, Iss. 2, pp. 369-404.

9.           

Efendi, Jap, Srivastava, Anup, and Swanson, Edward P. (2007), “Why Do Corporate Managers Misstate Financial Statements? The Role of Option Compensation and Other Factors”, Journal of Financial Economics, Vol. 85, Iss. 3, pp. 667-708.

10.      4

Leite, Tore (2007) “Adverse Selection, Public Information, and Underpricing in IPOs” Journal of Corporate Finance, Vol. 13, Iss. 5, 813-828..

11.      5

Douglas O. Cook, Robert Kieschnick and Robert A. Van Ness(2006), “On the Marketing of IPOs”, Journal of Financial Economics, Vol.82, Iss.1, 35-61.

12.      6.

Beatrice Boehmer, Ekkehart Boehmer, and Raymond P. H. Fishe (2006) “Do Institutions Receive Favorable Allocations in IPOs with Better Long-Run Returns?” Journal of Financial and Quantitative Analysis, Vol.41, No4, December.

13.      7.

Wolfgang Aussenegg, Pegaret Pichler, and Alex Stomper (2006) “IPO Pricing with Bookbuilding and a When-Issued Market” Journal of Financial and Quantitative Analysis, Vol.41, No4, December.

14.      8.

Jonathan Reuter (2006) “Are IPO Allocations for Sales? Evidence from Mutual Funds”, The Journal of Finance, Vol.LXI, No.5, October.

15.      9.

Douglas O. Cook, Robert Kieschnick and Robert A. Van Ness (2006), Journal if Financial Economics, Vol.82, Iss.1, 35-61.

16.      10.

Andrew Ellul and Marco Pagano (2006) “IPO Underpricing and After-Market Liquidity” The Review of Financial Studies, Vol.19, No.2.

17.      11

Francesca Cornelli, David Goldreich and Alexander Ljungqvist (2006) “Investor Sentiment and Pre-IPO Markets” The Journal of Finance, Vol.61, No.3.

18.      12

Tore Leite (2006) “Bookbuilding with Heterogeneous Investors”, Journal of Financial Intermediation, Vol.15, Iss.2, 235-253.

19.      13

Marc Goergen, Luc Renneboog and Arif Khurshed (2006) “Explaining the Diversity in Shareholder Lockup Agreements”, Journal of Financial Intermediation, Vol.15, Iss.2, 254-280.

20.      14.

Alexander Ljungqvist and William J. Wilhelm Jr. (2005), “Does Prospect Theory Explain IPO Market Behavior?”, Journal of Finance, Vol. 60 Issue 4.

21.      15.

Suman Banerjee, Robert S. Hansen and Emir Hrnjic (2005) “IPO Underpricing to Buy Holding”, SSRN FEN Cap Mkts- Micro WPS, Vol. 8, No. 25.

22.      16.

Ravi Jagannathan, Ann E. Sherman (2005) “Reforming the Bookbuilding Process for IPOs” Journal of Applied Corporate Finance, Vol.17, No.1, 67-72.

23.      17.

Bruce K. Gouldey (2006) “Uncertain Demand, Heterogeneous Expectations, and Unintentional IPO Underpricing” Financial Review, Vol.41, No.1, 33-54.

24.      18.

Amiyatosh K. Purnanandam and Bhaskaran Swaminathan (2004) “Are IPOs Really Underpriced?” The Review of Financial Studies Vol. 17, No. 3, 811-848.

25.      19.

Francesca Corenelli and David Goldreich (2003) “Bookbuilding: How Informative is the Order Book?” Journal of Finance, Vol.58, 1415-1443.

26.      20.

Jay R.Ritter (2003) “Differences Between European and American IPO Markets” European Financial Management, Vol.9, No.4, 421-434.

27.      21

Nancy Huyghebaert and Cynthia Van Hulle (2002) “Structuring the IPO: Empirical evidence on the primary and secondary portion” SSRN abstract_id=301800.

28.      18.

Wolfgang Bessler (2002) “Initial Public Offerings, Subsequent Seasoned Equity Offerings, and Long-Run Performance: Evidence from IPOs in Germany” SSRN abstract_id=302357.

29.      19.

Craig G.Dunbar (2000) “Factors affecting investment bank initial public offering market share” Journal of Financial Economics Vol.55, 3-41.

1.         

Jeremy C. Stein, “Presidential Address: Sophisticated Investors and Market Efficiency”, The Journal of Finance, Vol. 64, Issue 4, August 2009, pp. 1517-1548.

2.         

Donald J. Smith, “Moving from an Efficient to a Behavioral Market Hypothesis”, Journal of Behavioral Finance, Vol. 9, Iss. 2, 2008, pp. 51-52.

3.         

Byunghwan Lee, John O’Brien and K. Sivaramakrishnan, “An Analysis of Financial Analysts’ Optimism in Long-term Growth Forecasts”, Journal of Behavioral Finance, Vol. 9, Iss.3, 2008, pp. 171-184.

4.         

Lili Zhu and Jiawen Yang, “The Role of Psychic Distance in Contagion: A Gravity Model for Contagious Financial Crises”, Journal of Behavioral Finance, Vol. 9, Iss. 4, 2008, pp. 209-223.

5.         

Dror Parnes, “Why Do Bond and Stock Prices and Trading Volume Change around Credit Rating Announcements”, Journal of Behavioral Finance, Vol. 9, Iss. 4, 2008, pp. 224-231.

6.         

Moshe Levy and Golan Benita, “Are Equally Likely Outcomes Perceived as Equally Likely?”, Journal of Behavioral Finance, Vol. 10, Iss. 3, 2009, pp.128-137.

7.         

Geoffery Frisen, Paul A. Weller (2006) “Quantifying cognitive biases in analyst earnings forecasts” Journal of Financial Markets, Vol.9, 333-365.

8.         

Harrison Hong, Jeffrey D. Kubik, Jeremy C. Stein, “The Only Game in Town: Stock-Price Consequences of Local Bias”, Journal of Financial Economics, Vol. 90, Iss. 1, Oct2008, pp. 20-37.

9.         

Brian Rountree, James P. Weston, George Allayannis, “Do Investors Value Smooth Performance?”, Journal of Financial Economics, Vol. 90, Iss. 3, Dec2008. pp. 237-251.

10.     

Lai, Sandy, Teo, Melvyn, “Home-Biased Analysts in Emerging Markets”, Journal of Financial & Quantitative Analysis, Vol. 43, Iss. 3, Sep2008, pp. 685-716.

11.     

David G. McMillan, Numan Ulku, “Persistent Mispricing in A Recently Opened Emerging Index Futures Market: Arbitrageurs Invited”, Journal of Futures Markets, Vol. 29, Iss. 3, Mar2009, pp. 218-243.

12.     

Masahito Watanabe, “Price Volatility and Investor Behavior in an Overlapping Generations Model with Information Asymmetry”, The Journal of Finance, February 2008, Vol.63, Iss. 1, pp. 229-272.

13.    2.

Julie R. Agnew (2006) “Do Behavioral Biases Vary across Individuals? Evidence from Individual Level 401(k) Data” Journal of Financial and Quantitative Analysis, Vol.41, No4, December.

14.    3.

Doron Avramov, Tarun Chordia and Amit Goyal, “The Impact of Trades on Daily Volatility” Review of Financial Studies, 2006, Vol. 19, Issue 4, pp. 1241-1277.

15.    4.

Qi Chen and Wei Jiang (2006) “Analysts’ Weighting of Private and Public Information” Review of Financial Studies, Vol.19, Iss.1, 319-355.

16.    5.

Brad M. Barber, Terrance Odean and Lu Zheng (2005) “Out of Sight, Out of Mind:The Effects of Expenses on Mutual Fund Flows” The Journal of Business, Vol.78, Iss.6, 2095-2119.

17.    6.

Meir Statman (2005) “Normal Investors, Then and Now” Financial Analysts Journal, Vol.61, No.2, 31-36.

18.    7.

Cao, Charles Quanwei, Haitao Li and Fan Yu (2005), “Is Investor Misreaction Economically Significant? Evidence from Short- and Long-term S&P 500 Index Options”, Journal of Futures Markets, Vol.25, No.8, 717-752.

ü

19.    8.

Alex Frino, David Johnstone and Hui Zheng (2004) “The Propensity for Local Traders in Futures Markets to Ride Losses: Evidence of Irrational or Rational Behavior?” Journal of Banking & Finance 28, 353-372.

20.    9.

Markku Kaustia(2004) “Market-Wide Impact of the Disposition Effect: Evidence from IPO Trading Volume” Journal of Financial Markets, Vol.7, Iss.2, 207-235.

21.    10.

Bloomfield, Robert J. and Roni Michaely (2004), “Risk or Mispricing? From the Mouths of Professionals”, Financial Management, Vol.33, No.3, 61-81.

22.    11.

James Montier (2004) “Who’s a Pretty Boy Then? Or Beauty Contests, Rationality and Greater Fools” FEN Behav-Exper-Fin WPS Vol. 5, No.7.

23.    17.

Richardson, Matthew P. and Elie Ofek (2003), “DotComMania: The Rise and Fall of Internet Stock Prices”, Journal of Finance, Vol.58, pp1113-1138.

24.    18.

Borensztein, Eduardo and R. Gaston Gelos (2003), “A Panic-Prone Pack? The Behavior of Emerging Market Mutual Funds”, International Monetary Fund Staff Papers, Vol.50, Iss.1.

25.    20.

Chan, Wesley S., Richard M. Frankel and Sriprakash P. Kothari, “Testing Behavioral Finance Theories Using Trends and Consistency in Financial Performance”, Journal of Accounting and Economics, 2004, Vol. 38, Iss.1, pp.3-50.

ü

26.    21.

Caginalp, Gunduz, Vladimira Ilieva, David Porter and Vernon Smith (2002), “Do Speculative Stocks Lower Prices and Increase Volatility of Value Stocks?”, The Journal of Psychology & Financial Markets, Vol. 3.

27.    23.

Cai, Fang (2002), “Does the Market Conspire Against the Weak? An Empirical Study of Front Running Behavior During the LTCM Crisis”, FEN Behav-Exper-Fin WPS Vol. 3, No.10.

28.    26.

Shapira, Z., and Itzhak Venezia (2001), “Patterns of Behavior of Professionally Managed and Independent Investors”, Journal of Banking and Finance, Vol.25, No.8, 1573-1587.

29.    27.

Qin Lei, and Guojun Wu (2001), “The Behavior of Uninformed Investors and Time-Varying Informed Trading Activities” FEN CapMkts-Micro WPS, Vol.5, No.4.