Banks’ interconnections and peer effects: Evidence from Chile

Margaretic, Paula; Cifuentes, Rodrigo; Carreño, José Gabriel

doi:10.1016/j.ribaf.2021.101438

Cited by 2 publications

(1 citation statement)

References 32 publications

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“…The third step was regression analysis and the peer effect test using the spatial autocorrelation model (Gu, 2022c). The treatment of endogenous peer effects is not only effective in mitigating endogeneity problems (Margaretic et al, 2021), but also in avoiding biased estimation (Gu, 2022a).…”

Section: Data Variables and Methodsmentioning

confidence: 99%

Peer influence, market power, and enterprises' green innovation: Evidence from Chinese listed firms

2023

Corp Soc Responsibility Env

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In the era of a green economy, green innovation has become a way for enterprises to gain competitive advantage, and it is of great theoretical and practical significance to explore the driving force of enterprises' green innovation. This study explores the peer effect of an enterprise's green innovation and conducts an empirical test using data from 3338 Chinese listed companies in 2020. The results show a significant positive peer effect of enterprises' green innovation, and the green innovation of individual enterprises increases by 0.869 for each unit increase in industry‐average green innovation. Further research shows that market power is the channel by which peer influence affects an enterprise's green innovation. Moreover, regional heterogeneity exists in the strength of the peer effect, which varies according to firm maturity and board size. These findings provide a reference for enterprises and governments to promote green transformation.

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Section: Data Variables and Methodsmentioning

confidence: 99%

Peer influence, market power, and enterprises' green innovation: Evidence from Chinese listed firms

2023

Corp Soc Responsibility Env

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The Peer Effects of the Usage of Credit Cards in Rural Areas of China: Evidence from Rural China

Cai

Han

et al. 2022

Complexity

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This paper aims to explore whether the usage of credit cards has peer effects in rural areas of China. The results suggest that the usage of credit cards will be affected by the behavior of other farmers; namely, the usage of credit cards has peer effects in rural areas. We also verify that women, older, and low-academic farmers show stronger peer effects. The results emphasize that, compared with the mass farmers and vulnerable farmers, the usage of elite farmers is more likely to affect the same behaviors of other farmers. Our study contributes to prior literature by giving empirical insights into the consequences of peer effects on the credit card usage of farmers, which conduces to a better understanding of the financial decision-making of farmers. The research may provide a practical implication for the optimal design of policy interventions. On the one hand, banks and other financial institutions can promote innovative financial products in rural areas with the help of peer effects; on the other hand, regulators can regulate farmers’ wrong financial behaviors by the social multiplier of peer effects to reduce systemic risks in rural finance.

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Banks’ interconnections and peer effects: Evidence from Chile

Cited by 2 publications

References 32 publications

Peer influence, market power, and enterprises' green innovation: Evidence from Chinese listed firms

Peer influence, market power, and enterprises' green innovation: Evidence from Chinese listed firms

The Peer Effects of the Usage of Credit Cards in Rural Areas of China: Evidence from Rural China

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