Showing 1 - 10 of 79
This article investigates whether, and how, CEO educational background affects Chinese corporate risk-taking. Using a sample of 4681 firm-year observations from 2012 to 2020, we find that CEO educational background is negatively associated with corporate risk-taking. The nonlinear quadratic...
Persistent link: https://www.econbiz.de/10014332784
Machine learning (ML) is a novel method that has applications in asset pricing and that fits well within the problem of measurement in economics. Unlike econometrics, ML models are not designed for parameter estimation and inference, but similar to econometrics, they address, and may be better...
Persistent link: https://www.econbiz.de/10014332691
Based on a randomized controlled experiment among final-year undergraduate students, we provide an assessment of the treatment effects of financial education intervention focused on debt-financed graduate education decision-making. Specifically, this study finds positive treatment effects on...
Persistent link: https://www.econbiz.de/10014332485
Financial inclusion efforts have resulted in a rapid increase in access to financial services. However, the usage of these financial services has not expanded at the same pace, especially in rural areas. The paper explores the factors that have caused usage to lag behind access using a...
Persistent link: https://www.econbiz.de/10014332577
The COVID-19 crisis was remarkable because no global recession model could predict or provide early notice of when the coronavirus pandemic would happen and damage the global economy. Resilience to financial shocks is crucial for households as future crises like COVID-19 are inevitable....
Persistent link: https://www.econbiz.de/10014332698
This paper provides a comprehensive account of financial literacy among Saudi citizens. Responses to items about key aspects of financial literacy-i.e., budgeting, debt, saving, investment, and insurance-were elicited from a large sample of Saudi citizens through an online survey. The data from...
Persistent link: https://www.econbiz.de/10014332738
Against the GameStop frenzy in 2021, this article defines meme investors as a new group of investors in financial markets while demonstrating meme investors' regulatory and social implications. By comparing meme investors with traditional investors under the MiFID II regime, this article finds...
Persistent link: https://www.econbiz.de/10014332788
This study aims to test financial literacy and credit conditions in determining formal credit access to determine the performance of MSMEs. This research includes the type of associative research that is accompanied by hypothesis testing. This research was conducted on MSMEs of as many as 324...
Persistent link: https://www.econbiz.de/10014332827
We study the impact of financial literacy on financial risk preference. When financial literacy is measured jointly by actual and self-assessed scores, we find compelling evidence of a valley-shaped relationship between actual financial literacy and risk preference. At a given level of...
Persistent link: https://www.econbiz.de/10014332828
In this paper, we investigate the contribution of behavioural characteristics to the financial literacy of UAE residents after controlling for demographic factors. Specifically, we test the relationship between financial literacy and behavioural biases such as representativeness, self-serving,...
Persistent link: https://www.econbiz.de/10013201079