PurposeThe study aims to understand the impact of loss aversion and herding on investment decision of retail investors. The study further evaluates the mediating role of fear of missing out (FOMO) in retail investors on these relationships.Design/methodology/approachThe study employed questionnaire survey to collect data from retail investors of Indian stock market. Total 323 data were collected. The collected data were examined using SmartPLS. Factor analysis and partial least square structural equation modeling were employed for fulfilling the objectives of the study.FindingsThe results of the study revealed that investment decisions of retail investors are significantly influenced by loss aversion, herd behavior as well as FOMO. Assessing the impact of herd behavior and loss aversion on investment decision in presence and absence of FOMO exposed that FOMO partially mediates these relations. The mediation was complementary in nature as the presence of FOMO increased the influence of loss aversion and herd behavior on retail investor's investment decisions.Practical implicationsBehavioral predispositions are accountable for numerous irregularities in stock markets. Thus, it is quite substantial to realize the stimulus of these partialities on investment decisions. The outcomes of this study would help financial planners and investors to keep in mind the different ways their decision outcomes could be biased and try to ignore them.Originality/valueThough there have been many studies conducted on behavioral biases and their impact on investment decisions, there are very few studies that have taken into account the FOMO factor in investment, in context of the behavioral biases. Theoretically, FOMO has been linked with herd behavior and greed of earning more, but there are very few empirical supports to this fact. Thus, this study is an attempt to fill this gap by examining the role of FOMO on investment decisions and the different biases associated with it.

Malignant cylindroma (cylindromatous carcinoma, cylindrocarcinoma) is the malignant counterpart of benign cylindroma. It is a rare neoplasm, more often developing in the setting of multiple pre-existing benign neoplasms. Herein we present an additional case of malignant transformation of the cylindroma diagnosed in an 83-year-old patient with known Brooke-Spiegler syndrome.

The study aims to recognize the behavioral biases that influence the decisions making process and investment decisions of retail investors while investing in stocks of insurance and pharmaceutical sector stocks. The paper also aims at checking the moderating effect of the preferred sector of investment on these relationships. The conceptual model derived from past literature was checked for its reliability and validity, using measurement model assessment and structural model assessment. Hypothesis or the study were tested using bootstrapping in PLS-SEM. The result of the study revealed that heuristics and prospects have significant influence, while herd behavior has no significant influence on investor's investment decisions while investing in insurance or pharmaceutical sector securities. The results of the moderation test infer that the relation of heuristic and prospect with investment decision is moderated by the preferred sector of investment. A clear picture of these biases and their influence, established by the findings of the study, would lead to a better understanding of the same and help prevent investors from making erroneous decisions while investing. Investment decisions that are sound and free from behavioral bias, would lead to better financial return, and achievement of investor's investment goals. The sector-wise effect of investment bias will also help the investors in taking corrective measures

Enterprise resource planning (ERP) today is being adopted by business organizations worldwide with a view to maximize their capabilities. But more often than not the expected outcomes are not delivered due to inaccurate calculations with respect to the organization’s ability to adapt to the change. Although the benefits of enterprise information systems in streamlining the functions of the organization cannot be questioned, preparing the organization to adopt the new system needs more focused efforts. In order to ensure that the existing capabilities of the organizations are an enabler and not an inhibitor in the adoption process, they need to be learning organizations. A study was conducted in Bhilai Steel Plant (BSP), one of the leading steel manufacturing public companies in India, where ERP is to be adopted. In spite of the fact that it has a strong backbone of resources in terms of information technology (IT) infrastructure, the implementation process is virtually on a standstill. In this chapter, an evaluation of the psychological capabilities of the organization is done. This can be evaluated through the mindset of the workforce and the willingness with which they are ready to adopt change.

This study aims at developing a model that would assess women empowerment due to microfinance activities and evaluates the moderating role of self-help group (SHG) membership and family size in women empowerment. Factor analysis and partial least square structural equation modelling are employed to meet the objective of the study. Multigroup analysis is used to assess the moderating role of SHG membership and family size. The data are examined using SPSS 22.0 and SmartPLS 3.3.2 software. Findings reveal that the overall empowerment of women who belong to SHG is more influenced by social empowerment due to microfinance, while non-SHG members who have availed microfinance services feel more empowered due to their economic and psychological empowerment. Women with family size of four or less are more empowered due to their economic and social empowerment, while psychology played a more significant role in women with family size of more than four. The government and microfinance institutions (MFIs) should organise more awareness programmes to help women avail the microfinance services so that the economic activities conducted by them can lift the country’s economy. Women should be motivated to joins SHGs to reduce the chances of domestic violence and to increase their social holding.