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Bank rebranding and depositor loyalty
DISLI, M.; SCHOORS, K. - Faculteit Economie en Bedrijfskunde, Universiteit Gent - 2013
We analyze how rebranding affects depositor discipline in a sample of Turkish banks. Depositor discipline refers to the … empirical regularity that banks with higher capitalization attract more deposits at lower cost. Bank rebranding tends to … increase depositor discipline, especially when there is only a small cosmetic change to the name. Rebranding a Turkish named …
Persistent link: https://www.econbiz.de/10011083147
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Familiarity and Competition: The Case of Mutual Funds
Dumitrescu, Ariadna; Gil-Bazo, Javier - Barcelona Graduate School of Economics (Barcelona GSE) - 2015
We build a model of mutual fund competition in which a fraction of investors ("unsophisticated") exhibit a preference for familiarity. Funds differ both in their quality and their visibility: While unsophisticated investors have varying degrees of familiarity with respect to more visible funds,...
Persistent link: https://www.econbiz.de/10011203040
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Familiarity and competition: the case of mutual funds
Dumitrescu, Ariadna; Gil-Bazo, Javier - Department of Economics and Business, Universitat … - 2015
We build a model of mutual fund competition in which a fraction of investors ("unsophisticated") exhibit a preference for familiarity. Funds differ both in their quality and their visibility: While unsophisticated investors have varying degrees of familiarity with respect to more visible funds,...
Persistent link: https://www.econbiz.de/10011206909
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Ambiguity aversion and familiarity bias: Evidence from behavioral and gene association studies
Chew, Soo; Ebstein, Richard; Zhong, Songfa - In: Journal of Risk and Uncertainty 44 (2012) 1, pp. 1-18
Persistent link: https://www.econbiz.de/10010863422
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Do investors hold that they know? Impact of familiarity bias on investor’s reluctance to realize losses: Experimental approach
Bulipopova, Ekaterina; Zhdanov, Vladislav; Simonov, Artem - In: Finance Research Letters 11 (2014) 4, pp. 463-469
In this article we investigate the impact of familiarity bias on the individual investor’s reluctance to realize losses. Our experimental approach reveals a strong correlation between familiarity and disposition effect. We conducted 714 tests in which different respondents could sell stocks of...
Persistent link: https://www.econbiz.de/10011118175
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Experts Online : An Analysis of Trading Activity in a Public Internet Chat Room
Mizrach, Bruce; Zhang Weerts, Susan - 2004
We analyze the trading activity in an Internet chat room with approximately 1,300 participants. Traders make posts in real time about their activities. We find these traders are more skilled than retail investors analyzed in other studies. 55% make profits after transaction costs, and they earn...
Persistent link: https://www.econbiz.de/10010277178
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Sell winners and buy losers? The impact of familiarity on individual investors' decision-making. Experimental results
Zhdanov, Vladislav; Simonov, Artem - In: International Journal of Financial Studies 9 (2021) 3, pp. 1-8
Purpose: This article analyzes the influence of familiarity bias on respondents' decision-making process, using results from online experiments. Design/methodology/approach: A total of 255 research participants from post-Soviet countries completed 510 online tests that were presented in the form...
Persistent link: https://www.econbiz.de/10013200372
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Knowing Me, Knowing You? Similarity to the CEO and Fund Managers' Investment Decisions
Jaspersen, Stefan; Limbach, Peter - 2018
This study provides evidence that investors’ demographic similarity to CEOs affects their investment decisions. We find that mutual fund managers overweight firms led by CEOs who resemble them in terms of age, ethnicity and gender. This finding is robust to excluding educational and local ties...
Persistent link: https://www.econbiz.de/10011892006
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Experts Online: An Analysis of Trading Activity in a Public Internet Chat Room
Mizrach, Bruce; Weerts, Susan - Department of Economics, Rutgers University-New Brunswick - 2004
We analyze the trading activity in an Internet chat room with approximately 1,300 participants. Traders make posts in real time about their activities. We find these traders are more skilled than retail investors analyzed in other studies. 55% make profits after transaction costs, and they earn...
Persistent link: https://www.econbiz.de/10005626678
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Subjective dynamic information constraints ; [1]
Dillenberger, David; Krishna, R. Vijay; Sadowski, Philipp - 2016
We axiomatize a new class of recursive dynamic models that capture subjective constraints on the amount of information a decision maker can obtain, pay attention to, or absorb, via a Markov Decision Process for Information Choice (MIC). An MIC is a subjective decision process that specifies what...
Persistent link: https://www.econbiz.de/10011524248