Mood effects in optimal debt contracts.
Journal article
Apergis, Nicholas and Voliotis, Dimitrios 2016. Mood effects in optimal debt contracts. Journal of Behavioral and Experimental Finance..
Authors | Apergis, Nicholas and Voliotis, Dimitrios |
---|---|
Abstract | The impact of strong emotions or mood on decision making and risk taking is well recognized in behavioral economics and finance. Yet, and in spite of the immense interest, no study, so far, has provided any comprehensive evidence on the impact of such emotions on financial contracts and particularly on debt contracts. This paper provides the theoretical framework to study the impact of mood on financial contracting. |
Keywords | Mood effects; Adverse selection; Rank-dependent probabilities |
Year | 2016 |
Journal | Journal of Behavioral and Experimental Finance. |
Publisher | Elsevier |
ISSN | 2214-6350 |
Web address (URL) | http://hdl.handle.net/10545/623362 |
http://creativecommons.org/licenses/by-nc-nd/4.0/ | |
hdl:10545/623362 | |
Publication dates | 11 Mar 2016 |
Publication process dates | |
Deposited | 24 Jan 2019, 15:18 |
Accepted | 12 Feb 2016 |
Contributors | University of Piraeus |
File | File Access Level Open |
File | File Access Level Open |
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https://repository.derby.ac.uk/item/943q0/mood-effects-in-optimal-debt-contracts
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