Using a sample of annual deposit data in the Netherlands for the 2004–2014 period, we study the fraction of deposits transferred per year by 718 individuals. Controlling for demographic factors, we find that deposit rate differences across banks significantly explain the extent to which...

Dutch Abstract: Financieel analisten publiceren adviezen om aandelen te kopen, houden of verkopen. Ongeveer de helft van alle gepubliceerde adviezen betreft een koopadvies. De publicatie van deze adviezen gaat gepaard met buitengewone aandelenrendementen, waarbij opwaarderingen doorgaans...

Based on prospect theory, we posit that security analysts' target prices function as a reference point for takeover bids and affect deal completion. Using a sample of US takeovers from 1999 to 2014, we find a negative relation between target prices for a takeover target and the chances for...

We study the savings transfers between banks by retail depositors. Our sample comprises annual savings account data from the Netherlands for the period from 2004 to 2014. We control for demographic factors and find that the differences in interest rates across savings accounts help explain the...

Using a hand-collected dataset containing buy, hold, and sell recommendations for Bitcoin published by crypto analysts, we show that hold and sell recommendations are followed by negative abnormal returns whereas buy recommendations are not associated with nonzero abnormal returns. Based on all...

This study establishes that equity analyst recommendations have a significant short-term impact on share prices, by utilising an international database containing 31,363 analyst recommendations on JSE-listed and delisted companies, published over the period 1995 to 2011. In addition, two...

The introduction of dynamic currency conversion (DCC, also known as currency choice) at ATMs provides an ideal testing environment for traveler behavior when confronted with a currency choice. DCC provides travelers with the choice to conduct a transaction in local currency or in their home...