In the past decades, a multitude of judgmental and behavioral biases with regards to financial decision making has been found. But are these biases connected with each other? Are people prone to, e.g., illusion of control, usually also more prone to confirmation or hindsight bias? In this study...

The lock-up provision conveys important information about the ex-ante risk of an IPO. Using a unique trading data in pre-IPO market and a unique data of exact days of withdrawing lockup shares, we are able to test the trading behavior of institutional investors around the lockup announce day and...

This article investigates volatility transmission process between the US, the UK and Japanese stock index futures markets. Most importantly, we examine that whether structural changes have effect on volatility transmission process. We use Iterated Cumulative Sums of Squares (ICSS) algorithm...