Contemporary Issues in Behavioral Finance

Contemporary Issues in Behavioral Finance

Author: Simon Grima

Publisher: Emerald Group Publishing

ISBN: 9781787698819

Category: Business & Economics

Page: 320

View: 185

This special edition of Contemporary Studies in Economic and Financial Analysis offers seventeen chapters from invited participants in the International Applied Social Science Congress, held in Turkey between the 19th and 21st April 2018.

Individual Financial Planning for Retirement

Individual Financial Planning for Retirement

Author: Nicole Brunhart

Publisher: Springer Science & Business Media

ISBN: 9783790819984

Category: Business & Economics

Page: 443

View: 297

Over time, the responsibility for providing for a financially secure retirement has shifted towards the individual. Building on a new structure applied to insights drawn from behavioral finance, this book analyzes the perspectives of individuals with regard to their financial situation in retirement and compares the actions they take with ideal behavior. The work provides new insights into the broadly defined topic of individual retirement-specific financial planning behavior.

Pensions in the Health and Retirement Study

Pensions in the Health and Retirement Study

Author: Alan L. Gustman

Publisher: Harvard University Press

ISBN: 0674048660

Category: Business & Economics

Page: 404

View: 121

This book presents a careful analysis of pension data collected by the Health and Retirement Study, a unique survey of people over the age of fifty conducted by the University of Michigan for the National Institute on Aging. The authors studied pensions as they evolve over individuals’ work lives and into retirement: how pension coverage and plans change over a lifetime, how many pensions workers have by the time they retire and what these pensions are worth, what pensions contribute to individual retirement incomes, and how trends and policy changes affect retirement plans. The book focuses on the major features of pensions, including plan type and participation, ages of eligibility for retirement, values of different pension types, how pension values are influenced by retirement age, how plans are settled when a worker leaves a firm, how well people understand their pensions, the importance of pensions in retirement saving and as a share of household wealth, and the vulnerability of the retirement age population to the current financial crisis. This book provides readers with an invaluable look at the crucial but ever-changing role of pensions in supporting retirees.

Saving for Retirement

Saving for Retirement

Author: Gordon L. Clark

Publisher: OUP Oxford

ISBN: 9780191618994

Category: Business & Economics

Page: 240

View: 774

Understanding the ways in which people save for their retirement is an urgent issue. So much has changed in the last 10 to 15 years, especially in the area of the provision of pensions and retirement income. Around the world, greater and greater responsibility is being allocated to individuals while governments discount their contributions to social security and employers retreat from the provision of supplementary retirement income. This book explores the behavioral revolution and its implications for understanding financial decision-making and saving for the future. Recognizing the profound implications of this research program, it goes beyond issues of risk aversion, framing, and decision-making to consider how social identity and the resources due to people by virtue of their place in society figure in savings behavior. It gives considerable attention to the context of the environment in which people make financial decisions, arguing that this allows a better understanding of the coexistence of sophistication and naivety apparent in patterns of retirement saving. Utilizing databases from the UK, the book provides an empirical foundation to its theoretical arguments, demonstrating how an integrated approach to individual financial decision-making is necessary if we are to address the apparent shortfall in many people's planning for the future. The book concludes by setting the agenda for the design, governance, and regulation of pension savings schemes consistent with delivering cost-effective solutions to pension adequacy. In these ways, it sets forth a strategy for rethinking individual behavior as well as the design of retirement income systems.

Financial Behavior

Financial Behavior

Author: Harold Kent Baker

Publisher: Oxford University Press

ISBN: 9780190269999

Category: Business & Economics

Page: 681

View: 111

About the editors -- About the contributors -- Abbreviations -- Financial behavior and psychology -- Financial behavior : an overview / H. Kent Baker, Greg Filbeck, and Victor Ricciardi -- The financial psychology of players, services, and products / Victor Ricciardi -- The financial behavior of major players -- Individual investors / Henrik Cronqvist and Danling Jiang -- Institutional investors / Alexandre Skiba and Hilla Skiba -- Corporate executives, directors, and boards / John R. Nofsinger and Pattanaporn Chatjuthamard -- Financial planners and advisors / Benjamin F. Cummings -- Financial analysts / Susan M. Young -- Portfolio managers / Erik Devos, Andrew C. Spieler, and Joseph M. Tenaglia -- Financial psychopaths / Deborah W. Gregory -- Financial and investor psychology of specific players -- The psychology of high net worth individuals / Rebecca Li-Huang -- The psychology of traders / Duccio Martelli -- A closer look at frequent trader / Michal Strahivevitz -- The psychology of women investors / Marguerita M. Cheng, and Sameer S. Somal -- The financial psychology of millennials / April Rudin and Catherine McBreen -- The psychology of financial services -- Psychological aspect of financial planning / Dave Yeske and Elissa Buie -- Financial advisory services / Jeroen Nieboer, Paul Dolan, and Ivo Vlaev -- Insurance and risk management / James M. Moten Jr. and C.W. Copeland -- Psychological factors in estate planning / John Guerin and L. Paul Hood -- Individual biases in retirement planning and wealth management / James E. Brewer Jr., and Charles Self -- The behavioral aspects of investmnet products and markets -- Traditional asset allocation securities: stocks, bonds, real estate, and cash / Christopher Milliken, Ehsan Nikbakht, and Andrew Spieler -- Behavioral aspects of mutual funds, exchange-traded funds, hedge funds, and pension funds / Nathan Mauck -- Current trends in successful international mergers and acquisitions / Nancy Hubbard -- Art and collectibles management / Peter J. May -- Market efficiency issues -- Behavioral finance market hypothesis / Alex Plastun -- Stock market anomalies / Steve Fan and Linda Yu -- The psychology of speculation in financial markets / Victor Ricciardi -- Can humans dance with machines? : institutional investors, high frequency trading, and modern markets dynamics / Irene Aldridge -- The application and future of behavioral finance -- Applications of client behavior : a practitioner's perspective / Harold Evensky -- Practical challenges of implementing behavioral finance : reflections from the field / Greg B. Davies and Peter Brooks -- The future of behavioral finance / Michael Dowling and Brian Lucey -- Discussion questions and answers -- Index

CFP Board Financial Planning Competency Handbook

CFP Board Financial Planning Competency Handbook

Author: CFP Board

Publisher: John Wiley & Sons

ISBN: 9781119094982

Category: Business & Economics

Page: 944

View: 788

The official CFP guide for career excellence CFP Board Financial Planning Competency Handbook is the essential reference for those at any stage of CFP certification and a one-stop resource for practitioners looking to better serve their clients. This fully updated second edition includes brand new content on connections diagrams, new case studies, and new instructional videos, and a completely new section devoted to the interdisciplinary nature of financial planning. You'll gain insights from diverse fields like psychology, behavioral finance, communication, and marriage and family therapy to help you better connect with and guide your clients, alongside the detailed financial knowledge you need to perform to the highest expectations as a financial planner. The only official CFP Board handbook on the market, this book contains over ninety chapters that are essential for practitioners, students, and faculty. Whether a practitioner, student, or faculty member, this guide is the invaluable reference you need at your fingertips. Comprehensive, clear, and detailed, this handbook forms the foundation of the smart financial planner's library. Each jurisdiction has its own laws and regulations surrounding financial planning, but the information in this book represents the core body of knowledge the profession demands no matter where you practice. CFP Board Financial Planning Competency Handbook guides you from student to practitioner and far beyond, with the information you need when you need it.

The Influence Of Financial Experience, Financial Literacy, Financial Behavior, and Financial Condition Toward Financial Knowledge and Its Implication on Financial Distress: A Survey on Employees in Pontianak

The Influence Of Financial Experience, Financial Literacy, Financial Behavior, and Financial Condition Toward Financial Knowledge and Its Implication on Financial Distress: A Survey on Employees in Pontianak

Author: STEFFANY TEHAE, BBA, and SURESH KUMAR, S.T., M.Si

Publisher: Rasibook

ISBN: 9786237214243

Category: Education

Page: 118

View: 405

The main objective of this study is to examine the major determinants of employee financial distress. Kim & Garman (2013) argue that financial distress happens when they meet their financial responsibilities and personal finance. The unemployment problem in Pontianak also triggers the financial distress. This research was conducted in Pontianak on employees as the respondents. The purpose of this research is to measure the influences of financial experience, financial literacy, financial behavior, debt, investment, financial knowledge with financial distress. The result shows that financial knowledge has more influence on financial experience, financial behavior and debt toward employee and household in Pontianak. Unfortunately, financial literacy and debt do not influence financial knowledge, and financial knowledge has a strong influence on financial distress instead.

The Oxford Handbook of Retirement

The Oxford Handbook of Retirement

Author: Mo Wang

Publisher: Oxford University Press

ISBN: 9780199746521

Category: Medical

Page: 660

View: 214

This handbook reviews existing theoretical perspectives and research findings on retirement, explores current and future challenges in retirement research and practice, and provides corresponding recommendations and suggestions.

Psychology of Financial Planning

Psychology of Financial Planning

Author: Charles R. Chaffin

Publisher: John Wiley & Sons

ISBN: 9781119983736

Category: Business & Economics

Page: 300

View: 152

Psychology of Financial Planning: The Practitioner’s Guide to Money and Behavior In PSYCHOLOGY OF FINANCIAL PLANNING: The Practitioner’s Guide to Money and Behavior, distinguished authors Drs. Brad Klontz, CFP®, Charles Chaffin, and Ted Klontz deliver a comprehensive overview of the psychological factors that impact the financial planning client. Designed for both professional and academic audiences, PSYCHOLOGY OF FINANCIAL PLANNING is written for those with 30 years in practice as well as those just beginning their journey. With a focus on how psychology can be applied to real-world financial planning scenarios, PSYCHOLOGY OF FINANCIAL PLANNING provides a much-needed toolbox for practicing financial planners who know that understanding their client’s psychology is critical to their ability to be effective. The PSYCHOLOGY OF FINANCIAL PLANNING is also a much-needed resource for academic institutions who now need to educate their students in the CFP Board’s newest category of learning objectives: psychology of financial planning. Topics include: Why we are bad with money Client and planner attitudes, values, & biases Financial flashpoints, money scripts, and financial behaviors Behavioral finance Sources of money conflict Principles of counseling Multicultural competence in financial planning General principles of effective communication Helping clients navigate crisis events Assessment in financial planning Ethical considerations in the psychology of financial planning Getting clients to take action Integrating financial psychology into the financial planning process PSYCHOLOGY OF FINANCIAL PLANNING goes beyond just theory to show how practitioners can use psychology to better serve their clients. The accompanying workbook provides exercises, scripts, and workshop activities for firms and practitioners who are dedicated to engaging and implementing the content in meaningful ways.

The Oxford Handbook of Organizational Citizenship Behavior

The Oxford Handbook of Organizational Citizenship Behavior

Author: Philip M. Podsakoff

Publisher: Oxford University Press

ISBN: 9780190880262

Category: Psychology

Page: 680

View: 511

The Oxford Handbook of Organizational Citizenship Behavior provides a broad and interdisciplinary review of state-of-the-art research on organizational citizenship behaviors (OCBs), and related constructs such as contextual performance, spontaneous organizational behavior, prosocial behavior, and proactive behavior in the workplace. Contributors address the conceptualization and measurement of OCBs; the antecedents, correlates, and consequences of these behaviors; and the methodological issues that are common when studying OCBs. In addition, this handbook pushes future scholarship in this and related areas by identifying substantive questions, methods, and issues for future research. The result is a single resource that will inform and inspire scholars, students, and practitioners of the origins of this construct, the current state of research on this topic, and potentially exciting avenues for future exploration. This handbook is designed to meet the needs of a broad spectrum of researchers and advanced undergraduate and graduate students in a variety of disciplines including management, organizational behavior, human resources management, and industrial and organizational psychology, as well as those interested in studying citizenship behavior in a variety of organizational contexts including marketing, nursing, engineering, sports, and education.

Encyclopedia of Retirement and Finance

Encyclopedia of Retirement and Finance

Author: Lois A. Vitt

Publisher: Greenwood Publishing Group

ISBN: 0313328358

Category: Business & Economics

Page: 944

View: 251

Designed to educate consumers about financial issues associated with aging, these two volumes contain 185 alphabetically arranged articles on topics related to financial education, advisors, and support; economic and income security; employment, work, and retirement; family and intergenerational issues; financial investments and insurance; health care and health coverage; housing and housing finance; legal issues; and quality of life and well-being. Sample topics include consumer protection for older adults; asset allocation after retirement; cash flow planning for retirees; financial recovery in later life; investment clubs; retirement planning software; state and area agencies on aging; federal and state disability programs; medicaid; nutrition programs; social security privatization; early retirement incentive plans; marriage and older adults; charitable contributions; growth capital for older entrepreneurs; drugs and senior citizens; identity theft; and disaster preparedness for older adults. Annotation ♭2004 Book News, Inc., Portland, OR (booknews.com).