{"id":"https://openalex.org/W4400744607","doi":"https://doi.org/10.1080/23322039.2024.2373266","title":"Does an overconfidence bias affect stock return, trading volume, and liquidity? Fresh insights from the G7 nations","display_name":"Does an overconfidence bias affect stock return, trading volume, and liquidity? Fresh insights from the G7 nations","publication_year":2024,"publication_date":"2024-07-16","ids":{"openalex":"https://openalex.org/W4400744607","doi":"https://doi.org/10.1080/23322039.2024.2373266"},"language":"en","primary_location":{"id":"doi:10.1080/23322039.2024.2373266","doi":"https://doi.org/10.1080/23322039.2024.2373266","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2024.2373266","pdf_url":null,"source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1080/23322039.2024.2373266","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5039584496","display_name":"Mustafa Raza Rabbani","orcid":"https://orcid.org/0000-0002-9263-5657","observed_orcids":["https://orcid.org/0000-0002-9263-5657"]},"institutions":[{"id":"https://openalex.org/I4405259941","display_name":"University of Khorfakkan","ror":"https://ror.org/02yvzq394","country_code":"AE","type":"education","lineage":["https://openalex.org/I4405259941"]}],"countries":["AE"],"is_corresponding":true,"raw_author_name":"Mustafa Raza Rabbani","raw_affiliation_strings":["College of Business Administration, University of Khorfakkan, Sharjah, United Arab Emirates"],"raw_orcid":"https://orcid.org/0000-0002-9263-5657","affiliations":[{"raw_affiliation_string":"College of Business Administration, University of Khorfakkan, Sharjah, United Arab Emirates","institution_ids":["https://openalex.org/I4405259941"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5013209229","display_name":"Md Qamar Azam","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I59475050","display_name":"Jamia Millia Islamia","ror":"https://ror.org/00pnhhv55","country_code":"IN","type":"education","lineage":["https://openalex.org/I59475050"]}],"countries":["IN"],"is_corresponding":false,"raw_author_name":"Md Qamar Azam","raw_affiliation_strings":["Department of Economics, Faculty of Social Sciences, Jamia Millia Islamia, New Delhi, India"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, Faculty of Social Sciences, Jamia Millia Islamia, New Delhi, India","institution_ids":["https://openalex.org/I59475050"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5078101109","display_name":"Iqbal Thonse Hawaldar","orcid":"https://orcid.org/0000-0001-7181-2493","observed_orcids":["https://orcid.org/0000-0001-7181-2493"]},"institutions":[{"id":"https://openalex.org/I4210156733","display_name":"Kingdom University","ror":"https://ror.org/04g3hr176","country_code":"BH","type":"education","lineage":["https://openalex.org/I4210156733"]}],"countries":["BH"],"is_corresponding":false,"raw_author_name":"Iqbal Thonse Hawaldar","raw_affiliation_strings":["Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa, Bahrain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Finance and Accounting, College of Business Administration, Kingdom University, Riffa, Bahrain","institution_ids":["https://openalex.org/I4210156733"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5104648451","display_name":"Rashed Aljalahma","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I92731726","display_name":"Royal University for Women","ror":"https://ror.org/043hpy847","country_code":"BH","type":"education","lineage":["https://openalex.org/I92731726"]}],"countries":["BH"],"is_corresponding":false,"raw_author_name":"Rashed Aljalahma","raw_affiliation_strings":["College of Business and Law, Royal University for Women, Riffa, Bahrain"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business and Law, Royal University for Women, Riffa, Bahrain","institution_ids":["https://openalex.org/I92731726"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5038313314","display_name":"Suzan Dsouza","orcid":"https://orcid.org/0000-0002-6274-6110","observed_orcids":["https://orcid.org/0000-0002-6274-6110"]},"institutions":[{"id":"https://openalex.org/I2803079837","display_name":"American University of the Middle East","ror":"https://ror.org/02gqgne03","country_code":"KW","type":"education","lineage":["https://openalex.org/I2803079837"]}],"countries":["KW"],"is_corresponding":false,"raw_author_name":"Suzan Dsouza","raw_affiliation_strings":["American University of the Middle East, Mubarak Al-Kabeer, Kuwait"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"American University of the Middle East, Mubarak Al-Kabeer, Kuwait","institution_ids":["https://openalex.org/I2803079837"]}]}],"institutions":[],"countries_distinct_count":4,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5039584496"],"corresponding_institution_ids":["https://openalex.org/I4405259941"],"apc_list":{"value":950,"currency":"GBP","value_usd":1165},"apc_paid":{"value":950,"currency":"GBP","value_usd":1165},"fwci":3.3734,"has_fulltext":true,"cited_by_count":12,"citation_normalized_percentile":{"value":0.92380402,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"12","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9994999766349792,"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":0.9994999766349792,"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/T10282","display_name":"Financial Risk and Volatility Modeling","score":0.00019999999494757503,"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/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/overconfidence","display_name":"overconfidence","score":0.9620000123977661},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.7369999885559082},{"id":"https://openalex.org/keywords/trading-volume","display_name":"trading volume","score":0.996999979019165},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"market liquidity","score":0.9909999966621399},{"id":"https://openalex.org/keywords/investor-behavior","display_name":"investor behavior","score":0.6909999847412109},{"id":"https://openalex.org/keywords/covid-19","display_name":"COVID-19 pandemic","score":0.9049999713897705},{"id":"https://openalex.org/keywords/g7-stock-markets","display_name":"G7 stock markets","score":0.9629999995231628},{"id":"https://openalex.org/keywords/canadian-stock-market","display_name":"Canadian stock market","score":0.8970000147819519},{"id":"https://openalex.org/keywords/italian-stock-market","display_name":"Italian stock market","score":0.9950000047683716}],"concepts":[{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.8215131759643555},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.7260575294494629},{"id":"https://openalex.org/C2776035688","wikidata":"https://www.wikidata.org/wiki/Q1606558","display_name":"Affect (linguistics)","level":2,"score":0.6622162461280823},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5777031183242798},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5718256831169128},{"id":"https://openalex.org/C2989233474","wikidata":"https://www.wikidata.org/wiki/Q7831917","display_name":"Stock trading","level":4,"score":0.5085979700088501},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4546421766281128},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.44891199469566345},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3785382807254791},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.34245383739471436},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.21763744950294495},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.08706733584403992},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0623207688331604},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C46312422","wikidata":"https://www.wikidata.org/wiki/Q11024","display_name":"Communication","level":1,"score":0.0},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1080/23322039.2024.2373266","doi":"https://doi.org/10.1080/23322039.2024.2373266","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2024.2373266","pdf_url":null,"source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},{"id":"pmh:oai:econstor.eu:10419/321529","doi":null,"is_oa":true,"landing_page_url":"https://hdl.handle.net/10419/321529","pdf_url":"https://www.econstor.eu/bitstream/10419/321529/1/10.1080_23322039.2024.2373266.pdf","source":{"id":"https://openalex.org/S4306401696","display_name":"Econstor (Econstor)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"doc-type:article"},{"id":"pmh:oai:RePEc:taf:oaefxx:v:12:y:2024:i:1:p:2373266","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1080/23322039.2024.2373266","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:0fd1b58a6b744906affa740002623ca0","doi":null,"is_oa":false,"landing_page_url":"https://doaj.org/article/0fd1b58a6b744906affa740002623ca0","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Cogent Economics & Finance, Vol 12, Iss 1 (2024)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1080/23322039.2024.2373266","doi":"https://doi.org/10.1080/23322039.2024.2373266","is_oa":true,"landing_page_url":"https://doi.org/10.1080/23322039.2024.2373266","pdf_url":null,"source":{"id":"https://openalex.org/S2765075218","display_name":"Cogent Economics & Finance","issn_l":"2332-2039","issn":["2332-2039"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","doaj","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310311767","host_organization_name":"Cogent OA","host_organization_lineage":["https://openalex.org/P4310311767"],"host_organization_lineage_names":["Cogent OA"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Cogent Economics & Finance","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4400744607.pdf","grobid_xml":"https://content.openalex.org/works/W4400744607.grobid-xml"},"referenced_works_count":85,"referenced_works":["https://openalex.org/W1503404022","https://openalex.org/W1543278958","https://openalex.org/W1579091683","https://openalex.org/W1980773669","https://openalex.org/W1981156413","https://openalex.org/W1982675562","https://openalex.org/W2011869812","https://openalex.org/W2062337087","https://openalex.org/W2064508349","https://openalex.org/W2097346962","https://openalex.org/W2102946316","https://openalex.org/W2117215384","https://openalex.org/W2118530947","https://openalex.org/W2164646550","https://openalex.org/W2170583017","https://openalex.org/W2255986769","https://openalex.org/W2289849824","https://openalex.org/W2335015255","https://openalex.org/W2588570485","https://openalex.org/W2745470780","https://openalex.org/W2763901840","https://openalex.org/W2803149647","https://openalex.org/W2888421779","https://openalex.org/W2900059062","https://openalex.org/W2923478859","https://openalex.org/W2963560239","https://openalex.org/W2999254165","https://openalex.org/W3011327622","https://openalex.org/W3015646716","https://openalex.org/W3019724901","https://openalex.org/W3022411182","https://openalex.org/W3022416583","https://openalex.org/W3025870819","https://openalex.org/W3037145595","https://openalex.org/W3045035597","https://openalex.org/W3102038302","https://openalex.org/W3110517438","https://openalex.org/W3121401171","https://openalex.org/W3121409256","https://openalex.org/W3121579696","https://openalex.org/W3121729798","https://openalex.org/W3122890729","https://openalex.org/W3123001244","https://openalex.org/W3123340585","https://openalex.org/W3125230919","https://openalex.org/W3134876606","https://openalex.org/W3135414806","https://openalex.org/W3138895768","https://openalex.org/W3163812786","https://openalex.org/W3168541736","https://openalex.org/W3185312650","https://openalex.org/W3188512951","https://openalex.org/W3189647399","https://openalex.org/W3194233617","https://openalex.org/W3200662029","https://openalex.org/W3208145314","https://openalex.org/W3209296528","https://openalex.org/W4200140781","https://openalex.org/W4200223887","https://openalex.org/W4200508881","https://openalex.org/W4206009773","https://openalex.org/W4210271160","https://openalex.org/W4210650373","https://openalex.org/W4214927479","https://openalex.org/W4220879271","https://openalex.org/W4221113839","https://openalex.org/W4224061742","https://openalex.org/W4224118508","https://openalex.org/W4234620788","https://openalex.org/W4241856511","https://openalex.org/W4250518915","https://openalex.org/W4283812856","https://openalex.org/W4285010204","https://openalex.org/W4297536209","https://openalex.org/W4308638078","https://openalex.org/W4308905608","https://openalex.org/W4312796081","https://openalex.org/W4312994919","https://openalex.org/W4327544862","https://openalex.org/W4382680437","https://openalex.org/W4390291166","https://openalex.org/W4391476954","https://openalex.org/W4392252662","https://openalex.org/W4398149366","https://openalex.org/W4400822652"],"related_works":["https://openalex.org/W3163812786","https://openalex.org/W4383617498","https://openalex.org/W7111424146","https://openalex.org/W3207529586","https://openalex.org/W4414783044","https://openalex.org/W3208911205","https://openalex.org/W2797351587","https://openalex.org/W7165639252","https://openalex.org/W4404035519","https://openalex.org/W7095318982"],"abstract_inverted_index":{"The":[0,80],"article":[1],"extends":[2],"the":[3,31,35,45,70,74,89,93,119,125,131,138,144],"empirical":[4],"literature":[5],"on":[6],"overconfidence":[7,32,103,135],"bias":[8,33],"in":[9,69,88,124],"G7":[10],"stock":[11,78],"markets":[12],"during":[13,92],"pre-":[14],"and":[15,17,24,50,66,76,116],"post-COVID-19":[16],"provides":[18],"additional":[19],"evidence.":[20],"Using":[21],"vector":[22],"autoregression":[23],"impulse":[25],"response":[26],"functions":[27],"(IRFs),":[28],"we":[29],"analyze":[30],"for":[34,53],"daily":[36],"data":[37],"from":[38],"January":[39],"2015":[40],"to":[41,137,143],"December":[42],"2021.":[43],"Because":[44],"pertinent":[46],"coefficients":[47],"are":[48],"positive":[49],"highly":[51],"significant":[52,122],"only":[54],"a":[55,60],"few":[56],"lags,":[57],"there":[58],"is":[59],"strong":[61],"contemporaneity":[62],"between":[63],"market":[64,67,91,100,107,117,127],"volume":[65],"return":[68,108],"pre-COVID-19":[71],"period":[72],"of":[73,85,147],"Canadian":[75],"Italian":[77,90],"markets.":[79],"study":[81,120],"shows":[82],"compelling":[83],"evidence":[84],"overconfident":[86],"behavior":[87],"COVID-19":[94,132],"crisis.":[95],"Along":[96],"with":[97],"trading":[98],"volume,":[99],"liquidity":[101],"influences":[102],"bias,":[104],"which":[105],"tracks":[106],"but":[109],"not":[110],"vice":[111],"versa.":[112],"For":[113],"investors,":[114],"decision-makers,":[115],"regulators,":[118],"has":[121],"ramifications":[123],"current":[126],"turbulence":[128],"caused":[129],"by":[130],"pandemic.":[133],"Furthermore,":[134],"contributes":[136],"reported":[139],"extra":[140],"unpredictability":[141],"due":[142],"high":[145],"level":[146],"sensitive":[148],"data.":[149]},"counts_by_year":[{"year":2026,"cited_by_count":8},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":1}],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2024-07-18T00:00:00"}