When Good News Reduces Investment - Replication

Published: 6 November 2026| Version 1 | DOI: 10.17632/cjw682t9h5.1
Contributor:
IVAN JULIO

Description

Python code reproducing all numerical results, Table 1 and Figure 1 of the paper and its supplementary appendix. The paper is theoretical, and no empirical data are used.

Files

Steps to reproduce

Requirements Python 3, NumPy, SciPy. Matplotlib is needed only for Figure 1. Tested with Python 3.13, NumPy 2.5, SciPy 1.18, Matplotlib 3.11. python replication.py # all numerical checks (paper Section 5, Appendix B) python replication.py --figure # same checks, then writes Figure_1.pdf and Figure_1.png

Institutions

Categories

Finance, Capital Budgeting, Behavioral Theory, Project Finance

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