The Death of Trust Across the Finance Industry

Limbach, Peter; Rau, P. Raghavendra; Schürmann, Henrik

doi:10.2139/ssrn.3559047

Cited by 8 publications

(3 citation statements)

References 91 publications

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“…There are a few studies showing a relation between societal trust and an investor’s behavior (e.g. Adams, 2020 , Georgarakos, Pasini, 2011 , Lesmeister, Limbach, Goergen, 2018 , Limbach, Rau, Schürmann, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

Trust and stock market volatility during the COVID-19 crisis

Engelhardt

Krause

Neukirchen

et al. 2021

Finance Research Letters

174

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Section: Introductionmentioning

confidence: 99%

Trust and stock market volatility during the COVID-19 crisis

Engelhardt

Krause

Neukirchen

et al. 2021

Finance Research Letters

174

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“…According to Erdem (2020), the stock market returns in freer countries are less negative and volatility is highly responsive to the announcements of infection numbers. The other studies also analyze the correlation between societal trust and investor's behavior, and its effect on financial markets in general (Adams, 2020;Limbach et al, 2020;Engelhardt et al, 2021). Yan (2020) also investigates how Chinese stock markets were affected by the COVID-19 pandemic and finds that stock prices were significantly declined during the outbreak.…”

Section: Introductionmentioning

confidence: 99%

Stock Market Volatility and the Spread of Speculative Attacks: Evidence From Wavelet Analysis

Özdemir

2022

Uluslararası İktisadi Ve İdari İncelemeler Dergisi

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This paper investigates the effects of speculative-led attacks on volatility spillover through selected 20 stock markets over the period of January 03, 2013 and March 14, 2021, implementing a recently developed wavelet spectrum analysis. To assess the degree of speculation, the time scale of the study is divided into two parts as the pre-COVID-19 era and the COVID-19 pandemic. In addition, the potential effects of speculative-led attacks on stock markets are analyzed both through the income-based and region-based classifications. In that vein, the empirical results are built upon three parts. First, the volatility spillover is more common for the high-income economies than the rest of the other economies and it is much visible at the COVID-19 pandemic. Second, the regional differences of stock markets have also a crucial impact on the behaviors of financial investors in which the speculative-led attacks are intensified in the regions where the financial transactions are relatively much higher. Finally, the core reason behind the increase of speculative attacks in those stock markets is an ongoing stagnation in productive activities during the COVID-19 pandemic.

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“…Fungáčová, Hasan and Weill (2019) use the World Value Survey to provide the first analysis of the relationship between the characteristics of trustors and their trust in banks. Limbach, Rau and Schürmann (2020) analyze finance professionals own trust attitudes. I complement this literature by examining whether the characteristics of the people working in finance, the potential trustees, are associated with people's trust in finance.…”

Section: Introductionmentioning

confidence: 99%

Trust in finance: Values matter

Adams

2021

Journal of the Japanese and International Economies

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The Death of Trust Across the Finance Industry

Cited by 8 publications

References 91 publications

Trust and stock market volatility during the COVID-19 crisis

Trust and stock market volatility during the COVID-19 crisis

Stock Market Volatility and the Spread of Speculative Attacks: Evidence From Wavelet Analysis

Trust in finance: Values matter

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