臺大管理論叢第31卷第3期

148 The Study of Gambling Preference, Trading Pattern and Excess Comovement in Lottery-Like Stock Returns Ljungqvist, A., and Wilhelm, W. J., Jr. 2005. Does prospect theory explain IPO market behavior?. The Journal of Finance, 60 (4): 1759-1790. Mitton, T., and Vorkink, K. 2007. Equilibrium underdiversification and the preference for skewness. The Review of Financial Studies, 20 (4): 1255-1288. Nofsinger, J. R., and Sias, R. W. 1999. Herding and feedback trading by institutional and individual investors. The Journal of Finance, 54 (6): 2263-2295. Ogden, J. P. 1990. Turn-of-month evaluations of liquid profits and stock returns: A common explanation for the monthly and January effect. The Journal of Finance, 45 (4): 1259-1272. Pagano, M. S., and Schwartz, R. A. 2003. A closing call’s impact on market quality at Euronext Paris. Journal of Financial Economics, 68 (3): 439-484. Pirinsky, C., and Wang, Q. 2006. Does corporate headquarters location matter for stock returns?. The Journal of Finance, 61 (4): 1991-2015. Schneider, C., and Spalt, O. 2016. Conglomerate investment, skewness, and the CEO long‐shot bias. The Journal of Finance, 71 (2): 635-672. ________. 2017. Acquisitions as lotteries? The selection of target-firm risk and its impact on merger outcomes. Critical Finance Review, 6 (1): 77-132. Scott, F., and Garen, J. 1994. Probability of purchase, amount of purchase, and the demographic incidence of the lottery tax. Journal of Public Economics, 54 (1): 121-143. Shiller, R. J. 1989. Comovements in stock prices and comovements in dividends. The Journal of Finance, 44 (3): 719-729. Shu, T., Sulaeman, J., and Yeung, P. E. 2012. Local religious beliefs and mutual fund risktaking behaviors. Management Science, 58 (10): 1779-1796. Stambaugh, R. F., Yu, J., and Yuan, Y. 2012. The short of it: Investor sentiment and anomalies. Journal of Financial Economics, 104 (2): 288-302. Starks, L. T., Yong, L., and Zheng, L. 2006. Tax-loss selling and the January effect: Evidence from municipal bond closed-end funds. The Journal of Finance, 61 (6): 3049-3067. Thaler, R. 1985. Mental accounting and consumer choice. Marketing Science, 4 (3): 199214. Thaler, R. H., and Johnson, E. J. 1990. Gambling with the house money and trying to break even: The effects of prior outcomes on risky choice. Management Science, 36 (6): 643-660.

RkJQdWJsaXNoZXIy ODg3MDU=