Similar Search Results

Tech in Fin before FinTech : blessing or curse for financial stability?

Pierri, Nicola; Timmer, Yannick - 2020

Motivated by the world-wide surge of FinTech lending, we analyze the implications of lenders' information technology adoption for financial stability. We estimate bank-level intensity of IT adoption before the global financial crisis using a novel dataset that provides information on hardware...

Persistent link: https://www.econbiz.de/10012158713

Information technology in banking and entrepreneurship

Ahnert, Toni; Dörr, Sebastian; Pierri, Nicola; Timmer, … - 2024

We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model, we establish that job creation by young ﬁrms is stronger in US counties more exposed to banks with greater IT adoption. We present evidence consistent with banks’ IT...

Persistent link: https://www.econbiz.de/10015048384

A panic-prone pack? : the behavior of emerging market mutual funds

Borensztein, Eduardo; Gelos, Gaston - 2001

withdrew money one month prior to the events. Thedegree of herding among funds is statistically significant, but moderate.Herding …

Persistent link: https://www.econbiz.de/10011400340

Reputational herding in financial markets : a laboratory experiment

Roider, Andreas; Voskort, Andrea - 2015

We study reputational herding in financial markets in a laboratory experiment. In the spirit of Dasgupta and Prat (2008 …

Persistent link: https://www.econbiz.de/10010472692

Optimal pricing and endogenous herding

Bose, Subir; Orosel, Gerhard O.; Vesterlund, Lise - 2002

We consider a monopolist who sells identical objects of common but unknown value in a herding-prone environment. Buyers … monopolist s optimal pricing strategy and its implications for the temporal pattern of prices and for herding. The analysis is … performed under alternative assumptions about observability of prices. We find that when previous prices are observable, herding …

Persistent link: https://www.econbiz.de/10011409979

Political alignment, attitudes toward government and tax evasion

Cullen, Julie Berry; Turner, Nicholas; Washington, Ebonya - 2018

We ask whether attitudes toward government play a causal role in the evasion of U.S. personal income taxes. We first use individual-level survey data to demonstrate a link between sharing the party of the president and trust in the administration generally and opinions on taxation and spending...

Persistent link: https://www.econbiz.de/10011795037

Acting autonomously or mimicking the state and peers? : a panel tobit analysis of financial dependence and aid allocation by Swiss NGOs

Dreher, Axel; Nunnenkamp, Peter; Öhler, Hannes; … - 2009

of financial dependence for imitating the state and herding among NGOs. -- NGO aid, aid allocation, official co …

Persistent link: https://www.econbiz.de/10003832118

Adaptive social learning

March, Christoph - 2016

The paper investigates social-learning when the information structure is not commonly known. Individuals repeatedly interact in social-learning settings with distinct information structures. In each round of interaction, they use their experience gained in past rounds to draw inferences from...

Persistent link: https://www.econbiz.de/10011434567

Altruistic observational learning

March, Christoph; Ziegelmeyer, Anthony - 2016

We report two information cascade game experiments that directly test the impact of altruism on observational learning. Participants interact in two parallel sequences, the observed and the unobserved sequence. Only the actions of the observed entail informational benefits to subsequent...

Persistent link: https://www.econbiz.de/10011436128

Herding, warfare, and a culture of honor : global evidence

Cao, Yiming; Enke, Benjamin; Falk, Armin; Giuliano, Paola; … - 2022

According to the widely known ‘culture of honor’ hypothesis from social psychology, traditional herding practices have … willing to take revenge in global surveys. We conclude that herding practices generated a functional psychology that plays a …

Persistent link: https://www.econbiz.de/10012798220