An open seminar with 30+ attendees from both academic and practitioner side has taken place on November 25, 2008. The study has raised a number of controversial remarks from the audience, but generally appreciated by both academic and industry participants commenting on the novel paradigm and outright applicability.

Following the seminar, the interest in Behavioral Corporate Finance has grown dramatically, and the previous article on the subject by Dmitry Repin and Anna Solodukhina titled Behavioral Corporate Finance: A Survey (http://ssrn.com/abstract=1133842) has made a top ten in Behavioral Economics and Finance on Social Science Research Network (SSRN.com) despite being written in Russian. Behavioral Finance group in a popular social network vkontakte.ru has grown to over 180 people.

The article "How corporate news influence company value" comprising both the review and the modeling sections of the study has been accepted for publication in the Journal of Corporate Finance (Russian) in March 2009.