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Mission

The primary aim of the IBHF is to become a leading center in the areas of household and behavioral finance and a key player in the consumer finance policy debates. IBHF affiliates strive to study investment decision making behavior with the goal of shedding light on how to better model observed financial behavior and to inform consumer finance related policies and regulation.

The IBHF cooperates with its network of academics, finance industry professionals, government agencies, and other financial research centers to faciliate the development of research and information. The IBHF works to achieve its mission by focusing on six major program areas: bi-annual household and behavioral finance symposium, visiting fellows program, post-doctoral research associates program, research scholars program, financial education and outreach, and a white paper series.


Affiliate Research


IBHF Research Affiliates at Cornell's Graduation Ceremony (from left to right: Prof. Byoung-Hyoun Hwang, Prof. Scott Yonker, Prof. Vicki Bogan, and Prof. David Ng)

Publications

Household Finance

 

Behavioral Finance

  • Gurun, U., Stoffman, Noah and Yonker, Scott, "Trust Busting: The Effect of Fraud on Investor Behavior", Review of Financial Studies. Forthcoming.
  • Chakrabarty, Bidisha, Moulton Pamela, and Trzcinka, Charles, "The Performance of Short-Term Institutional Trades", Journal of Financial and Quantitative Analysis. Forthcoming.
  • Hwang, Byoung-Hyoun and Kim, Hugh Hoikwang, "It Pays to Write Well", Journal of Financial Economics. 124 (2), 373-394, May 2017.
  • Yonker, Scott E., "Geography and the Market for CEOs", Management Science. 63 (3), 609-630, March 2017.
  • Hwang, Byoung-Hyoun, Chen, Hailiang, and Lee, Joon Mahn, "Are Founder CEOs more Overconfident than Professional CEOs? Evidence from S&P 500 Companies", Strategic Management Journal. 38, 751-769, 2017.
  • Karolyi, G. Andrew, "The Gravity of Culture for Finance", Journal of Corporate Finance. 41, 610-625. 2016.
  • Addoum, Jawad and Kumar, Alok, "Political Sentiment and Predictable Returns", Review of Financial Studies. 29 (12), 3471-3518, 2016.
  • Pool, V. K., Stoffman, Noah and Yonker, Scott, "The People in Your Neighborhood: Social Interactions and Mutual Fund Portfolios", Journal of Finance. 70 (6), 2679-2732, December 2015.
  • Bogan, Vicki L., Just, David R., and Dev, Chekitan S., "Team Gender Diversity and Investment Decision Making Behavior", Review of Behavioral Finance. 5 (2), 134-152, 2013.
  • Pool, Veronika K., Stoffman, Noah and Yonker, Scott, "No Place Like Home: Familiarity in Mutual Fund Manager Portfolio Choice", Review of Financial Studies. 25 (8), 2563-2599, August 2012.
  • Cronqvist, Henrik., Makhija, Anil K. and Yonker, Scott E., "Behavioral Consistency in Corporate Finance: CEO Personal Corporate Leverage", Journal of Financial Economics. 103 (1), 20-40, 2012.
  • Chakrabarty, Bidisha, and Moulton, Pamela, "Earnings Announcements and Attention Constraints: The Role of Market Design", Journal of Accounting and Economics. 53 (3), 612-634, 2012.
  • Green, T. Clifton and Hwang, Byoung-Hyoun, "Initial Public Offerings as Lotteries: Skewness Preference and First-Day Returns", Management Science. 58 (2), 432-444, February 2012.
  • Hwang, Byoung-Hyoun, "Country-Specific Sentiment and Security Prices", Journal of Financial Economics. 100 (2), 382-401, May 2011.
  • Green, T. Clifton and Hwang, Byoung-Hyoun,"Price-Based Return Comovement", Journal of Financial Economics. 93 (1), 37-50, July 2009.
  • Bogan, Vicki, and Just, David, "What Drives Merger Decision Making Behavior?: Don't Seek, Don't Find, and Don't Change Your Mind", Journal of Economic Behavior and Organization. 72 (3), 930-943, December 2009.
  • O'Donoghue, Ted, and Matthew Rabin, "Procrastination in Preparing for Retirment" in Behavioral Dimensions of Retirment Economics, Brookings Institution Press & Russell Sage Foundation. Henry Aaron (editor). 1999.