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The Relationship Dilemma : Organizational Culture and the Adoption of Credit Scoring Technology in Indian Banking
Mishra, Prachi - 2019
Credit scoring was introduced in India in 2007. We study the pace of its adoption by new private banks (NPBs) and state-owned or public sector banks (PSBs). NPBs adopt scoring quickly for all borrowers. PSBs adopt scoring quickly for new borrowers but not for existing borrowers. Instrumental...
Persistent link: https://www.econbiz.de/10012889500
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A New Metric for Banking Integration in Europe
Gropp, Reint - 2010
taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … role of an active market for corporate control and of competition in banking integration. European listed banks …
Persistent link: https://www.econbiz.de/10012757853
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Behavioral Public Economics : Welfare and Policy Analysis with Non-Standard Decision-Makers
Bernheim, B. Douglas; Rangel, Antonio - 2021
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard ("behavioral") assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10013222646
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Is Investor Rationality Time Varying? Evidence from the Mutual Fund Industry
Glode, Vincent - 2010
We provide new empirical evidence suggesting that the marginal investor in mutual funds behaves differently across market conditions. If the marginal investor allocates capital across mutual funds rationally, then the relative performance of funds should be unpredictable. We find however that...
Persistent link: https://www.econbiz.de/10013152571
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Shadow Banking and the Four Pillars of Traditional Financial Intermediation
Farhi, Emmanuel - 2017
Traditional banking is built on four pillars: SME lending, insured deposit taking, access to lender of last resort, and … banking, and rationalizes structural remedies to counter financial contagion: ring-fencing between regulated and shadow … banking and the sharing of liquidity in centralized platforms …
Persistent link: https://www.econbiz.de/10012945614
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Uninformative Feedback and Risk Taking : Evidence from Retail Forex Trading
Ben-David, Itzhak - 2016
We document evidence consistent with retail day traders in the Forex market attributing random success to their own skill and, as a consequence, increasing risk taking. Although past performance does not predict future success for these traders, traders increase trade sizes, trade size...
Persistent link: https://www.econbiz.de/10012994895
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Retail Financial Advice : Does One Size Fit All?
Foerster, Stephen R. - 2014
Using unique data on Canadian households, we assess the impact of financial advisors on their clients' portfolios. We find that advisors induce their clients to take more risk, thereby raising expected returns. On the other hand, we find limited evidence of customization: advisors direct clients...
Persistent link: https://www.econbiz.de/10013043279
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Dividends and Bank Capital in the Financial Crisis of 2007-2009
Acharya, Viral V. - 2011
equity. The dwindling pool of common equity in the banking system may have been one reason for the continued reluctance by …
Persistent link: https://www.econbiz.de/10013128263
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Trust in Public Institutions Over the Business Cycle
Stevenson, Betsey - 2011
We document that trust in public institutions--and particularly trust in banks, business and government--has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy...
Persistent link: https://www.econbiz.de/10013128268
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Were the Nigerian Banking Reforms of 2005 a Success ... And for the Poor?
Cook, Lisa D. - 2011
The Nigerian banking system was in crisis for much of the 1990's and early 2000's. The reforms of 2005 were ambitious …
Persistent link: https://www.econbiz.de/10013128269