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Ethics, Investments and Investor Behavior.

By C. Zhang


The second part of the dissertation studies the impact of information on investor behavior. In particular, Chapter 5 investigates the impact of information salience on investors’ reactions to news by studying soccer clubs listed on the London Stock Exchange. Chapter 6 is an experimental study which disentangles the effect of information feedback from the effect of investment flexibility on the risk-taking behavior of a myopically loss averse investor.

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