Purpose: This paper aims to examine the impact of national culture on private credit availability. The authors particularly focus on the masculinity dimension, as previous studies have not been able to reconcile this dimension in terms of results aligning with expectations....

Purpose: This paper aims to investigate how overconfidence bias affects financial market participants’ forecast accuracy based on the hard–easy effect concept of overconfidence research. Design/methodology/approach: The authors adopt an experimental method for behavioural finance studies....

Purpose: The purpose of this paper is to investigate the relative impact of bank-based and market-based financial developments on economic growth from 1984 to 2015, using 60countries. Design/methodology/approach: This study uses fixed effect and generalized method of moments (GMM) to...

Purpose: This paper aims to assess the asymmetric effects of oil price shocks and the impact of oil price volatility on the Eurozone’s supersector returns, with a particular emphasis on the impact of the subprime crisis and the euro debt crisis (EDC) on this relationship....

Purpose: The purpose of this study is to analyze whether differences in market-wide levels of investor personality influence experimental asset market outcomes in terms of limit orders, price levels and price bubbles. Design/methodology/approach: Investor personality is determined by a...

Purpose: This paper aims to quantify preferences without having to have any utility data. Design/methodology/approach: We use duality theory, Taylor’s theorem and nonlinear regressions. Findings: We presented pioneering quantitative methods in economics and business. These methods can be...

Purpose: This study aims to provide one of the first empirical investigations of market efficiency for developed markets during the recent global financial crisis. Design/methodology/approach: Using the Morgan Stanley Capital International (MSCI) country indices as proxies for national stock...

Purpose: This paper aims to study long-term savings accumulation in the UK. The authors use cross-sectional information from the extensive data set of the Family Resources Survey to compare long-term saving amongst different ethnic groups with the control group, the native population. The paper...

Purpose: The purpose of this study is to clarify the nature of the predictive relationship between crude oil and the US stock market, with particular attention to whether this relationship is driven by time-varying risk premia. Design/methodology/approach: The authors formulate the predictive...