New Articles – Finance

Investigating self-efficacy and behavioural bias on investment decisions

Kuppusamy Srinivasan, Parthasarathy Karthikeyan

The determinants of irrational decisions on the stock market are found in numerous empirical studies. However, self-efficacy and behavioural biases have a sturdy influence on stock market investment decisions. Behavioural biases are formed with heuristics, prospect theory and herding effect concerning stock market investments. Self-efficacy is independent of behavioural biases but is closely connected with controlling behavioural intentions in decision-making. The research was conducted to find…

DOI (& full text): doi.org/10.15240/tul/001/2023-4-008 more

A critique of quantitative easing by the Federal Reserve System and the European Central Bank

Simona Pichova, Jan Cernohorsky, Marketa Kacerova, Jan Zila

The application of quantitative easing tools by certain central banks has been and continues to be the subject of professional debate. Therefore, this paper aims to assess an alternative scenario to the use of quantitative easing. We have used counterfactual analysis to estimate GDP growth in the US and in the Eurozone for the period during which quantitative easing was implemented, i.e., since 2009 in the US and since 2015 in the Eurozone. We used a vector autoregression (VAR) model for the…

DOI (& full text): doi.org/10.15240/tul/001/2023-4-009 more