1. A systematic review and research agenda on the causes and consequences of financial overconfidence
- Author
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Dharmendra Singh, Garima Malik, Prateek Jain, and Mahmoud Abouraia
- Subjects
Overconfidence ,bibliometric ,decision-making ,clusters ,investor behavior ,Dr David McMillan, University of Stirling, United Kingdom of Great Britain and Northern Ireland ,Finance ,HG1-9999 ,Economic theory. Demography ,HB1-3840 - Abstract
The literature on overconfidence has witnessed prolific growth since the beginning of the century. This context underscores the necessity to comprehend and categorize an increasingly diverse body of overconfidence research within the financial domain. This study reviews existing literature on financial overconfidence from its inception to the present with a detailed review of 132 articles from 84 journals by examining theories, context, and methods (TCM) used in overconfidence research. Our review unpacks significant themes (i.e. determinants of overconfidence, overconfidence and risk-taking, overconfidence measures and type of investors, overconfidence in a volatile market, overconfidence, and personal financial behavior). We propose a pertinent research framework to investigate the less investigated aspects of financial overconfidence and suggest future research direction.
- Published
- 2024
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