Perceived vs actual financial crisis and bank credit standards: Is there any indication of self-fulfilling prophecy?

Anastasiou, Dimitrios; Bragoudakis, Zacharias; Giannoulakis, Stelios

doi:10.1016/j.ribaf.2021.101486

Cited by 8 publications

(6 citation statements)

References 71 publications

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“…The exploration of big data in general and social media analysis has been proven to be of great importance in analyzing the perception of both investors and bank customers (Illia, Colleoni, & Meggiorin, 2021). Specifically, academic and scientific investigations have focused on detecting attention and consumer attitudes using search volume generated by Google Trends (Anastasiou, Bragoudakis, & Giannoulakis, 2021). The amount of information that must deal with is quickly growing, primarily due to the development of the information sector, particularly the World Wide Web and mobile Internet.…”

Section: Introductionmentioning

confidence: 99%

The influence of religiosity on cryptocurrency users' acceptance using search engines

Mnif

Zghidi

Jarboui

2023

AGJSR

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PurposeThe potential growth in cryptocurrencies has raised serious ethical and religious issues leading to a new investment rethinking. This paper aims to identify the influence of religiosity on cryptocurrency acceptance through an extended technology acceptance model (TAM) model.Design/methodology/approachIn the first phase, this research develops a conceptual model that extends the theory of the TAM by integrating the religiosity component. In the second phase, the proposed model is tested using search volume queries in daily frequencies from 01/01/2018 to 31/12/2022 and structural equation modeling (SEM).FindingsThe empirical results demonstrate a significant positive effect of religiosity on the intention to use cryptocurrency, the users' perceived usefulness (PU) and ease of use (PEOU). Besides, the authors note that PEOU positively influences the intention. Furthermore, religiosity indirectly affects the intention through the PEOU and positively impacts the intention through the PU. In the same way, PEOU has a considerable indirect effect on the intention through PU.Practical implicationsThis study has practical and theoretical contributions by providing insights into the cryptocurrency acceptance factors. In other words, it contributes to the literature by extending TAM models. Practically, it helps managers determine factors affecting the intention to use cryptocurrencies. Therefore, they can adjust their industry according to the suitable characteristics for creating successful projects.Social implicationsIdentifying the effect of religiosity on cryptocurrency users' choices and decisions has a social added value as it provides an understanding of the evolution of psychological variants.Originality/valueThe findings emphasize the importance of integrating big data to analyze users' attitudes. Besides, most studies on cryptocurrency acceptance are investigated based on one kind of religion, such as Christianity or Islam. Nevertheless, this paper integrates the effect of five types of faith on the users' intentions.

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Section: Introductionmentioning

confidence: 99%

The influence of religiosity on cryptocurrency users' acceptance using search engines

Mnif

Zghidi

Jarboui

2023

AGJSR

View full text Add to dashboard Cite

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“…Similarly, Meierrieks (2014) reveals that financial development has a positive effect on innovation performance for 51 countries in the 1993-2008 period, and bank crises have no significant effect on innovation performance. Aristizabal-Ramirez et al (2017) examine the relationship between financial development and technological innovation at the firm level for 18 developing countries. Among the findings of the study, it is concluded that financial development has a negative effect on innovations for small firms.…”

Section: Introductionmentioning

confidence: 99%

The link between technological innovation and financial development: Evidence from selected OECD countries

et al. 2022

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Financial development is a main goal for developing and developed countries. Therefore, this study aims to investigate the impact of technological innovation on financial development over the period 1990–2018 for 21 OECD countries. The study integrates economic growth, natural resources and financial globalisation into the financial development equation as other explanatory variables. To estimate the long‐run coefficients, the Driscoll‐Kraay standard errors, panel corrected standard errors and feasible generalised least squares estimators are applied. The Dumitrescu‐Hurlin bootstrap causality test is used to examine the causal linkages among the variables. It is found that there exists cointegration between the variables. It is also found that technological innovation, economic growth and financial globalisation positively affect financial development while natural resources decrease it in the long run. The findings reveal that technological innovation and financial development cause each other. The study will present some policy recommendations to accelerate financial sector development in OECD countries.

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“…However, a fast-growing literature has supported that private sector bank deposits are also affected by agents' economic sentiment, with some researchers support that sentiment exerts a higher impact on bank deposits than macro fundamentals. Our work is part of a growing strand of the literature that explores how the economic sentiment affects various facets of the economic activity (see among others, (Anastasiou, Ballis, & Drakos, 2021a, 2021cAnastasiou, Bragoudakis, & Giannoulakis, 2021b;Schumaker, Zhang, Huang, & Chen, 2012;Smales, 2014)) and especially to the literature investigating the impact of sentiment on bank deposits Anastasiou & Katsafados, 2020;Fecht, Thum, & Weber, 2019).…”

Section: Introductionmentioning

confidence: 99%

On the Construction of a Leading Indicator Based on News Headlines for Predicting Greek Deposit Outflows

Anastasiou

Petralias

2021

2641-5313

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Employing data in a monthly frequency, with a sample period spanning from 2002 to 2018, the purpose of this study is twofold. First, we construct a novel leading indicator based on news headlines drawn from Bloomberg, and second, examine whether this leading indicator able to capture agents’ sentiment affects Greek bank deposit flows’ trajectory. Employing alternative econometric methodologies, we find that this index proxies for depositors’ crisis sentiment and the higher this index becomes, the higher the depositors’ negative sentiment becomes, leading them to withdraw their bank deposits. Overall, in this work, we show that the last decade’s advances in internet technology, which permit us to have direct access to a vast amount of information such as news headlines, offers the possibility of forecasting critical measures in the economy’s banking system, such as the number of bank deposits, which are of crucial importance. Monetary poly authorities or macroprudential regulators could adapt our model to assess the resilience of a bank or the whole banking sector.

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Perceived vs actual financial crisis and bank credit standards: Is there any indication of self-fulfilling prophecy?

Cited by 8 publications

References 71 publications

The influence of religiosity on cryptocurrency users' acceptance using search engines

The influence of religiosity on cryptocurrency users' acceptance using search engines

The link between technological innovation and financial development: Evidence from selected OECD countries

On the Construction of a Leading Indicator Based on News Headlines for Predicting Greek Deposit Outflows

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