Personal routes into behavioural finance

Hudson, Robert S.; Muradoğlu, Yaz Gűlnur

doi:10.1108/rbf-12-2019-0176

Cited by 4 publications

(4 citation statements)

References 48 publications

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“…Our study detects that the depositor's behaviour is price‐sensitive, supporting the literature that identifies price conditions among the reasons that lead depositors to choose one bank rather than another (Anderson, Ashton, & Hudson, 2014; Ashton, Gregoriou, & Healy, 2016; Hudson & Muradoglu, 2020).…”

Section: Resultssupporting

confidence: 84%

Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?

et al. 2020

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This paper investigates the relationship between the environmental policies taken by financial institutions and the choice of depositors on where to save their money. Prior research has shown that increases in the number of customers making deposits are driven by bank pricing policy and switching costs for depositors. By employing a dynamic panel data model, this study empirically tests how environmental performance influences the depositors' choice on where to put their money in a sample of worldwide financial institutions from 2011 to 2018. The main results suggest that there is a negative relationship between banks' environmental performance and customers' deposits. Furthermore, the banks that are the best at managing carbon emissions and at pursuing sustainable development pay lower interest rates on customer deposits.

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Section: Resultssupporting

confidence: 84%

Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?

et al. 2020

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“…Inefficiency is related to human behavior that leads to irrationally (Azevedo & Hoegner, 2023;Musnadi & Majid, 2018). Therefore, financial behavior can explain financial inefficiencies, such as market anomalies (Hudson & Muradoglu, 2020). In EMH, the market does not allow investors to get abnormal returns (Jiménez & Calisto, 2020;Liu et al, 2022).…”

Section: Literature Review and Hypothesismentioning

confidence: 99%

“…2.1. Financial Behavior,Market Anomaly,Market Overreaction,and Size EMH studied conventional or traditional finance (Chu & Song, 2023;Hudson & Muradoglu, 2020;Woo et al, 2020). EMH's inability to explain the anomalous phenomenon of winner-loser stocks and other anomalies in the money and capital markets encourages more in-depth financial research into human behavior (Akhter & Yong, 2019;Shefrin, 2002).…”

Section: Introductionmentioning

confidence: 99%

Investigation of winner-loser portfolio anomalies and size effect anomalies in LQ45 index, Indonesia stock exchange

Miswanto,

Putri

2023

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This study investigates the anomalies of winner-loser portfolios and anomalies of size effect on LQ45 stocks in the Indonesia Stock Exchange (IDX), period 2015-2020. The paired sample t-test (parametric) and Wilcoxon test (non-parametric) are used to test samples. Sample selection is carried out using the non-probability and purposive sampling methods. The shares of companies that met the sample criteria were 26. The primary data used cumulative abnormal returns and market capitalization as proxies for a company's stock size. The anomaly of the winner-loser effect phenomenon is observed by dividing the data into two periods: the formation period and the testing period. The periods are both short-term and long-term. The short-term period is six months, and the long-term is 12 months. The first finding shows reversals in average cumulative abnormal returns (CARs) on the winner-loser stock portfolio. In the testing period, the average CARs were turned down, and many average CARs became negative. Portfolio loser in the testing period, the average CARs reversed to positive. The second is a reversal in average CARs in winner-loser stock portfolios caused by the size effect. The performance of small winner-loser portfolios is proven to outperform big winners' portfolios. The reversal occurs in both the short-term and long-term. This finding suggests that behavioral finance can explain this market anomaly, and it is helpful for investors in coming up with strategies to get abnormal returns.

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“…Studies such as those developed by Gómez and Dini ( 2016 ), Lucarelli and Gobbi ( 2016 ) and Gawthorpe ( 2017 ) show the effects that social currency exerts in the face of social exclusion and emancipation. In relation to some international experiences of complementary and social currencies, their effects on social inclusion and their reduction of capital accumulation in a globalized economy are notorious; such impacts are based on various studies and surveys, carried out, for example, by Hatgioannides et al ( 2018 ), Hudson and Muradoglu ( 2020 ) and Mayer and Schnabl ( 2020 ).…”

Section: Introductionmentioning

confidence: 99%

A systematic review on social currency: a one-decade perspective

Silva

Macedo

et al. 2023

J Financ Serv Mark

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In consumer finance, certain experiences are recognized in international markets in the use of complementary and social currencies, due to their effects on social inclusion and the reduction of capital accumulation in a globalized economy. In this context, the article aims to review ten years of scientific production of social currency in the Scopus and Web of Science databases. In order to achieve the proposed objective, a systematic literature review was carried out, covering three stages: (1) planning the review, (2) conducting the review and (3) presentation of the final report. As a result of the content analysis of the textual corpus ( n = 67), we now have an up-to-date overview of the literature, through (1) descriptive analysis, (2) bibliographic coupling analysis and (3) word analysis. In addition, as a main contribution, the following were identified: (1) a typology, formed by three classes, which capture contexts of the use of social currency; (2) a methodological framework; and (3) suggestions for the development of future research. In general, the results show that social currency can serve as a complementary currency to the solidarity economy, since the potential of this currency is not disconnected from objectives and normative standards. It is also known that social currency lends itself to emergency use, as it helps to minimize the anxieties of the excluded. However, for many markets, social currency remains a topic far removed from the reality of the underprivileged population. The findings also show the advances made in research focused on social currency, especially considering the contexts in which it is used.

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Personal routes into behavioural finance

Cited by 4 publications

References 48 publications

Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?

Sustainable development and financial institutions: Do banks' environmental policies influence customer deposits?

Investigation of winner-loser portfolio anomalies and size effect anomalies in LQ45 index, Indonesia stock exchange

A systematic review on social currency: a one-decade perspective

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