The Library
Investor emotions and the psychodynamics of asset pricing bubbles : a Chinese perspective
Tools
Taffler, Richard J., Bellotti, Xijuan, Agarwal, Vineet and Li, Linglu (2022) Investor emotions and the psychodynamics of asset pricing bubbles : a Chinese perspective. Journal of Behavioral Finance . doi:10.1080/15427560.2022.2138391 ISSN 1542-7560. (In Press)
|
PDF
WRAP-investor-emotions-psychodynamics-asset-pricing-bubbles-Chinese-perspective-Taffler-2022.pdf - Published Version - Requires a PDF viewer. Available under License Creative Commons Attribution Non-commercial No Derivatives 4.0. Download (3883Kb) | Preview |
Official URL: https://doi.org/10.1080/15427560.2022.2138391
Abstract
This paper explores the powerful emotions unleashed during asset pricing bubbles. Adopting a psychoanalytic perspective, we develop a five-stage path-dependent model of such financial crises and test this empirically on the Chinese 2005–2008 and 2014–2016 stock market bubbles. Results are consistent with our underlying theory and demonstrate how investors experience a range of highly charged emotions directly related with different market states during such episodes. Our evidence suggests that if we wish properly to understand and explain such destructive events, we also need to recognize the fundamental role investor unconscious fantasies and market psychodynamic processes play in their etiology.
Item Type: | Journal Article | ||||||
---|---|---|---|---|---|---|---|
Subjects: | B Philosophy. Psychology. Religion > BF Psychology H Social Sciences > HF Commerce H Social Sciences > HG Finance |
||||||
Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||
SWORD Depositor: | Library Publications Router | ||||||
Library of Congress Subject Headings (LCSH): | Stocks -- Prices -- Psychological aspects, Capital assets pricing model -- Psychological aspects, Assets (Accounting) -- Prices -- Psychological aspects, Stocks -- Prices -- China, Capital assets pricing model -- China, Assets (Accounting) -- Prices -- China, Stock exchanges -- China | ||||||
Journal or Publication Title: | Journal of Behavioral Finance | ||||||
Publisher: | Routledge | ||||||
ISSN: | 1542-7560 | ||||||
Official Date: | 12 November 2022 | ||||||
Dates: |
|
||||||
DOI: | 10.1080/15427560.2022.2138391 | ||||||
Status: | Peer Reviewed | ||||||
Publication Status: | In Press | ||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||
Date of first compliant deposit: | 6 January 2023 | ||||||
Date of first compliant Open Access: | 9 January 2023 |
Request changes or add full text files to a record
Repository staff actions (login required)
View Item |
Downloads
Downloads per month over past year