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Continuing Dangers of Disinformation in Corporate Accounting Reports
Kane, Edward J. - 2003
Insiders can artificially deflect the market prices of financial instruments from their full-information or inside value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of compensation that allow corporate insiders to profit...
Persistent link: https://www.econbiz.de/10012469064
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Unlocking the Benefits of Credit through Saving
Mukherjee, Sanghamitra W.; Bergquist, Lauren Falcao; … - National Bureau of Economic Research - 2021
Access to microcredit has been shown to generate only modest average benefits for recipient households. We study whether other financial market frictions--in particular, lack of access to a safe place to save--might limit credit's benefits. Working with Kenyan farmers, we cross-randomize access...
Persistent link: https://www.econbiz.de/10012794570
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Implicit and Explicit Commitment in Credit and Saving Contracts : A Field Experiment
Afzal, Uzma - 2019
microfinance institution. We offer a commitment contract inspired by the rotating structure of a ROSCA. Additional treatments test …
Persistent link: https://www.econbiz.de/10012479752
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Can Microfinance Unlock a Poverty Trap for Some Entrepreneurs?
Banerjee, Abhijit - 2019
, India, we find that "gung ho entrepreneurs" (GEs), households who were already running a business before microfinance …
Persistent link: https://www.econbiz.de/10012480290
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Investing Outside the Box : Evidence from Alternative Vehicles in Private Capital
Lerner, Josh - 2018
This paper undertakes a comprehensive analysis of alternative investment vehicles in private equity, using unexplored custodial data about 112 limited partners over four decades. We differentiate between alternative vehicles that are GP-directed versus those where the LP has some discretion. Of...
Persistent link: https://www.econbiz.de/10012480595
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Social Finance
Kuchler, Theresa - 2020
We review an empirical literature that studies the role of social interactions in driving economic and financial decision making. We first summarize recent work that documents an important role of social interactions in explaining household decisions in housing and mortgage markets. This...
Persistent link: https://www.econbiz.de/10012482193
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Learning to Navigate a New Financial Technology : Evidence from Payroll Accounts
Breza, Emily - 2020
How do inexperienced consumers learn to use a new financial technology? We present results from a field experiment that introduced payroll accounts in a population of largely unbanked factory workers in Bangladesh. In the experiment, workers in a treatment group received monthly wage payments...
Persistent link: https://www.econbiz.de/10012482467
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Changes in Social Network Structure in Response to Exposure to Formal Credit Markets
Banerjee, Abhijit V.; Breza, Emily; Chandrasekhar, Arun G. - National Bureau of Economic Research - 2021
networks. We first study 75 villages in Karnataka, 43 of which were exposed to microfinance after we first collected detailed … microfinance are at least as likely to disappear as links involving likely borrowers. We replicate these surprising findings in the … context of a randomized controlled trial in Hyderabad, where a microfinance institution randomly selected neighborhoods to …
Persistent link: https://www.econbiz.de/10012482583
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Building Social Capital Through MicroFinance
Feigenberg, Benjamin - 2010
of microfinance. Random variation in the frequency of mandatory meetings across first-time borrower groups generates …
Persistent link: https://www.econbiz.de/10012462635
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What's Psychology Worth? A Field Experiment in the Consumer Credit Market
Bertrand, Marianne - 2005
Numerous laboratory studies find that minor nuances of presentation and description change behavior in ways that are inconsistent with standard economic models. How much do these context effect matter in natural settings, when consumers make large, real decisions and have the opportunity to...
Persistent link: https://www.econbiz.de/10012466779