Becoming sensitive: Males’ risk and time preferences after the 2008 financial crisis

Jetter, Michael; Magnusson, Leandro M.; Roth, Sebastian

doi:10.1016/j.euroecorev.2020.103512

Cited by 17 publications

(8 citation statements)

References 89 publications

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“…This regulation aims to stimulate company tax relief, with the intention of potentially leading to employee terminations. The rise in poverty rates in Indonesia during the 2008 crisis (Herawati and Gustan, 2020) is indicative of a significant concern, similar to the situation observed in Australia and other countries (Jetter et al, 2020).…”

Section: Introductionsupporting

confidence: 57%

The Impact of Covid-19 Pandemic on the Financial Performance of Go Public Companies During the PSBB and New Normal Phases

Devi,

Musmini,

Martin Mahardika

2023

AKUNTANSI

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The decline in state tax revenue in 2020 can be attributed to the implementation of tax reductions aimed at stimulating economic growth. This measure primarily aims to provide support to the sectors of the economy that have experienced significant negative impacts due to the COVID-19 pandemic. The government expects that the economic difficulties resulting from the pandemic will result in a decrease in the financial performance of multiple businesses. The Slovin Formula is used for sample size determination. The data underwent analysis through the utilization of the Wilcoxon Signed Rank Test. The study findings suggest that the PSBB measures implemented during the COVID-19 pandemic resulted in higher average DER and receivable turnover, but lower average current ratio and ROA. No significant difference was found in the current ratio and debt-to-equity ratio (DER) among all industrial sectors. Significant variations were observed in the return on assets (ROA) and receivable turnover. No statistically significant variation was found in the current ratio, debt-to-equity ratio (DER), return on assets (ROA), and receivable turnover across all industrial sectors. The Consumer Goods Industry experienced improvements in the current ratio, return on assets (ROA), and receivable turnover, while witnessing a decline in the debt-to-equity ratio (DER). In contrast, the Property, Real Estate and Building Construction, Finance, Trade, Services, and Investment sectors observed a decline in both the current ratio and return on assets (ROA).

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Section: Introductionsupporting

confidence: 57%

The Impact of Covid-19 Pandemic on the Financial Performance of Go Public Companies During the PSBB and New Normal Phases

Devi,

Musmini,

Martin Mahardika

2023

AKUNTANSI

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“…The results are not sensitive to the single time dummy variable. The advantage of ‘PostGFC’ is that it accounts for changes in labour supply that may relate to changed preferences following the 2008 Global Financial Crisis (Jetter et al, 2020). It may also capture changed preferences following the enactment of the Paid Parental Leave Act 2010 in Australia (which came into effect in 2011) (Bass, 2020; Baird and Whitehouse, 2012).…”

Section: Datamentioning

confidence: 99%

Changing gender role attitudes and the changing gender gap in labour force participation

Preston

2023

Journal of Industrial Relations

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This paper uses micro-data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey to examine the relationship between gender role attitudes and the labour supply of men and women. Using the Wellington decomposition technique, the paper also considers how much of the change in the gender gap in labour force participation (LFP) between 2001/5 and 2015/19 may be explained by changes in the gender role attitudes of adult women and men. The results show a 6.5 percentage point convergence in the gender gap in LFP between the two periods. Nearly half the convergence arises from a change in the schooling attainment of men and women. Just over one-third is due to changes in gender role attitudes (faster adoption of egalitarian gender role attitudes by women).

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“…Fear constitutes a potential mechanism for an increase in risk aversion (Guiso et al 2018 ). The study of Jetter et al ( 2020 ) found that men became more sensitive to unemployment rates and there was an increase in their risk aversion with increasing unemployment rates after the GFC. In Hoffmann et al ( 2013 ), risk perceptions during the times of turmoil in the GFC period substantially increased, while risk tolerances decreased.…”

Section: Individuals’ Risk-taking Behavior and Investment Decisionsmentioning

confidence: 99%

The influence of the pandemic on financial decisions made by individuals in Turkey: A cross-sectional study

Altinbas

2022

Decision

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The citizens of Turkey were confronted with the shock of the Covid-19 pandemic while struggling with high inflation and unemployment rates, and a weakening domestic currency. However, a noteworthy phenomenon during the year 2020 was the performance of stock market in Turkey, which was mostly driven by local individuals. Not only stocks, but cryptocurrencies are also popular investments favored by the populace, collectively signaling an increase in risk-taking behavior. Learning more about this point of interest is even more intriguing when considering the ongoing poor economic circumstances. In this study, the financial product decisions of individuals living in Turkey are examined for the first year of pandemic. The data were collected using an Internet survey. Information on participant’s demographics, financial product choices, declarations on changes in their interest in financial markets/products, financial status, and net income after Covid-19 was used. The results show that changes were associated with several product preferences, particularly with cryptocurrency. The findings indicate that regulators/authorities need to understand the reasons and conditions which influence those financial decisions and intervene if necessary because such excessive risk taking may eventually deteriorate social and financial wealth across the whole country.

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Becoming sensitive: Males’ risk and time preferences after the 2008 financial crisis

Cited by 17 publications

References 89 publications

The Impact of Covid-19 Pandemic on the Financial Performance of Go Public Companies During the PSBB and New Normal Phases

The Impact of Covid-19 Pandemic on the Financial Performance of Go Public Companies During the PSBB and New Normal Phases

Changing gender role attitudes and the changing gender gap in labour force participation

The influence of the pandemic on financial decisions made by individuals in Turkey: A cross-sectional study

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