{"id":"https://openalex.org/W3016176901","doi":"https://doi.org/10.24891/fc.26.3.549","title":"Behavioral valuation in the Russian and Western stock markets","display_name":"Behavioral valuation in the Russian and Western stock markets","publication_year":2020,"publication_date":"2020-03-30","ids":{"openalex":"https://openalex.org/W3016176901","doi":"https://doi.org/10.24891/fc.26.3.549","mag":"3016176901"},"language":"en","primary_location":{"id":"doi:10.24891/fc.26.3.549","doi":"https://doi.org/10.24891/fc.26.3.549","is_oa":false,"landing_page_url":"https://doi.org/10.24891/fc.26.3.549","pdf_url":null,"source":{"id":"https://openalex.org/S4210240775","display_name":"Finance and Credit","issn_l":"2071-4688","issn":["2071-4688","2311-8709"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","russia-white-list-2","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Credit","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5022409224","display_name":"Semen Yu. BOGATYREV","orcid":"https://orcid.org/0000-0002-6080-5869","observed_orcids":["https://orcid.org/0000-0002-6080-5869"]},"institutions":[{"id":"https://openalex.org/I211738395","display_name":"Financial University","ror":"https://ror.org/01hnrbb29","country_code":"RU","type":"education","lineage":["https://openalex.org/I211738395"]}],"countries":["RU"],"is_corresponding":true,"raw_author_name":"S.Yu. Bogatyrev","raw_affiliation_strings":["Financial University under Government of Russian Federation"],"raw_orcid":"https://orcid.org/0000-0002-6080-5869","affiliations":[{"raw_affiliation_string":"Financial University under Government of Russian Federation","institution_ids":["https://openalex.org/I211738395"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5022409224"],"corresponding_institution_ids":["https://openalex.org/I211738395"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":95},"biblio":{"volume":"26","issue":"3","first_page":"549","last_page":"564"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.007199999876320362,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0005000000237487257,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/behavioral-pricing","display_name":"behavioral pricing","score":0.8799999952316284},{"id":"https://openalex.org/keywords/discount-rate","display_name":"discount rate","score":0.7710000276565552},{"id":"https://openalex.org/keywords/irrational-investors","display_name":"irrational investors","score":0.9359999895095825},{"id":"https://openalex.org/keywords/stock-market-valuation","display_name":"stock market valuation","score":0.7409999966621399},{"id":"https://openalex.org/keywords/russian-stock-market","display_name":"Russian stock market","score":0.843999981880188},{"id":"https://openalex.org/keywords/market-value-of-shares","display_name":"market value of shares","score":0.6679999828338623}],"concepts":[{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.7900152206420898},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.6523335576057434},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5194670557975769},{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.5180478096008301},{"id":"https://openalex.org/C94931360","wikidata":"https://www.wikidata.org/wiki/Q607728","display_name":"Irrational number","level":2,"score":0.501446008682251},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.48802271485328674},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.43951547145843506},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.4091039299964905},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3647928237915039},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.33922818303108215},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.20470187067985535},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.174829363822937},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.07913318276405334},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.24891/fc.26.3.549","doi":"https://doi.org/10.24891/fc.26.3.549","is_oa":false,"landing_page_url":"https://doi.org/10.24891/fc.26.3.549","pdf_url":null,"source":{"id":"https://openalex.org/S4210240775","display_name":"Finance and Credit","issn_l":"2071-4688","issn":["2071-4688","2311-8709"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific","russia-white-list-2","vabb-shw"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finance and Credit","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":13,"referenced_works":["https://openalex.org/W1550914445","https://openalex.org/W1937196935","https://openalex.org/W2041636470","https://openalex.org/W2081478747","https://openalex.org/W2099994904","https://openalex.org/W2100424877","https://openalex.org/W2101755808","https://openalex.org/W2110116721","https://openalex.org/W2116347131","https://openalex.org/W2136268619","https://openalex.org/W2138053063","https://openalex.org/W2158580072","https://openalex.org/W2903633534"],"related_works":["https://openalex.org/W3039780452","https://openalex.org/W3011956060","https://openalex.org/W3016942285","https://openalex.org/W3046244404","https://openalex.org/W3159839798","https://openalex.org/W2979841036","https://openalex.org/W6893657836","https://openalex.org/W4408662208","https://openalex.org/W2752550987","https://openalex.org/W7026932451"],"abstract_inverted_index":{"Subject.":[0],"The":[1,47,91,195,233,261],"article":[2,92,196],"discusses":[3],"changes":[4,295],"in":[5,83,123,129,154,192,212,226,283,296,320],"qualities":[6],"of":[7,14,19,30,41,44,51,81,114,144,160,200,224,235,238,248,285,299,303],"market":[8,79,222,291,293],"actors":[9],"that":[10,173],"influence":[11],"the":[12,20,27,31,55,63,67,74,95,110,115,126,137,141,151,157,170,176,189,193,201,209,213,221,246,249,297,312],"valuation":[13,21,43,120,237,278,307],"assets,":[15],"behavioral":[16,32,42,75,88,96,152,158,236],"valuation,":[17,266],"ranges":[18,50],"apparatus":[22,98],"components.":[23],"I":[24,101,133,166],"focus":[25],"on":[26,317],"practical":[28],"implementation":[29],"pricing":[33,97],"and":[34,78,122,135,146,163,168,231,259,270,287,301,310],"a":[35,198,227,289],"technique":[36,138],"for":[37,108,119,139,149,256,265],"assessing":[38,109,150],"key":[39],"indicators":[40],"assets.":[45],"Objectives.":[46],"study":[48],"measures":[49],"certain":[52],"values":[53],"adjusting":[54],"beta":[56,153,177,202],"coefficient,":[57,178],"which":[58,179,253],"is":[59,99,180],"used":[60,181,204,218],"to":[61,71,87,112,186,219],"assess":[62,220],"discount":[64,76,116,250],"rate":[65,77,117,251,298],"under":[66],"CAPM":[68],"so":[69],"as":[70],"arrive":[72],"at":[73],"value":[80,223,247,318],"assets":[82,240],"markets":[84],"with":[85,125,156],"reference":[86],"factors.":[89],"Methods.":[90],"demonstrates":[93],"how":[94],"applied.":[100],"also":[102],"present":[103],"some":[104],"computations,":[105],"propose":[106],"benchmarks":[107],"adjustment":[111],"components":[113],"formula":[118],"purposes":[121],"line":[124],"emotional":[127,142],"tone":[128,143],"stock":[130,275],"markets.":[131,322],"Results.":[132],"devised":[134],"implemented":[136],"measuring":[140],"news":[145],"integrated":[147],"methods":[148],"accordance":[155],"CAMP":[159],"Hersch":[161],"Shefrin":[162],"Meir":[164],"Statman.":[165],"tested":[167],"verified":[169],"hypothesis":[171],"stating":[172],"emotions":[174],"cause":[175],"by":[182,205],"irrational":[183,206],"investors":[184,207],"use,":[185],"diverge":[187],"from":[188,208],"one":[190,210],"embedded":[191,211],"CAPM.":[194,214],"shows":[197],"range":[199],"coefficient":[203],"It":[215],"can":[216,254],"be":[217],"shares":[225],"particular":[228],"case.":[229],"Conclusions":[230],"Relevance.":[232],"theory":[234],"financial":[239,304],"was":[241],"put":[242],"into":[243],"practice,":[244],"unveiling":[245],"constituents,":[252],"serve":[255],"cost":[257],"analysts":[258],"appraisers.":[260],"findings":[262],"are":[263,280],"useful":[264],"corporate":[267],"finance,":[268,272],"public":[269],"municipal":[271],"fiscal":[273],"issues,":[274],"exchanges.":[276],"Behavioral":[277,306],"tools":[279,308],"especially":[281],"relevant":[282],"case":[284],"instability":[286],"crisis,":[288],"changing":[290],"paradigm,":[292],"developments,":[294],"return":[300],"volatility":[302],"instruments.":[305],"supplements":[309],"expands":[311],"classical":[313],"one,":[314],"improves":[315],"decision-making":[316],"management":[319],"modern":[321]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2024,"cited_by_count":1}],"updated_date":"2026-09-22T06:50:58.402377","created_date":"2020-04-17T00:00:00"}