Trust in finance: Values matter

Adams, Renée B.

doi:10.1016/j.jjie.2021.101123

Cited by 5 publications

(4 citation statements)

References 51 publications

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“…Furthermore, the confidence levels do not show any evidence for a difference between workers in finance compared to the general population towards the U.S. Supreme Court, the military, and the press, and the scientific community. This evidence suggests that finance professionals do not differ systematically in terms of their confidence in fundamental institutions 12 For a recent study that takes a closer look at the question on confidence vis-à-vis financial institutions, see Adams (2020). It also provides evidence on cross-country differences in the confidence towards financial institutions.…”

Section: Confidence In Institutions and Groupsmentioning

confidence: 94%

“…She finds that when personal values of finance professionals and the general population are more aligned, confidence in financial institutions is larger. Our study is complementary to Adams (2020) in the sense that Adams (2020) studies determinants of people's trust in finance, while we study the evolution of trust within the finance industry and its potential determinants.…”

Section: Introduction "The Fundamental Problem Isn't Lack Of Capital ...mentioning

confidence: 99%

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The Death of Trust Across the U.S. Finance Industry

Limbach

Rau

Schürmann³

2022

SSRN Journal

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Section: Confidence In Institutions and Groupsmentioning

confidence: 94%

Section: Introduction "The Fundamental Problem Isn't Lack Of Capital ...mentioning

confidence: 99%

The Death of Trust Across the U.S. Finance Industry

Limbach

Rau

Schürmann³

2022

SSRN Journal

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“…Trust is a fundamental requirement of any financial system. Trust in finance depends on top moral foundations [4], which attract consumers, enterprises, and regulatory authorities to rely on the financial systems for financial transactions. Transparency in the automated decision-making process is important to ensure consumer trust in financial systems [5].…”

Section: Introductionmentioning

confidence: 99%

The Role of Blockchain in Finance Beyond Cryptocurrency: Trust, Data Management, and Automation

Chen,

Wei,

Wang

et al. 2024

IEEE Access

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Blockchain has been a vibrant technology in the past decade, with a wide variety of applications across different industrial sectors. The concept of blockchain has been widely recognized as an enabler for cryptocurrency-based decentralized payments, with two major decentralized payment systems such as Bitcoin and Ethereum. However, the global acceptance of blockchain as a cryptocurrency sums up significant challenges that hinder the fast adaptation of cryptocurrency as a payment service enabler. In this survey, we explore the advantages of blockchain and its technical capabilities beyond cryptocurrency. We focus on the technical potential to ensure trust, data governance, and automation of the financial application domain utilizing the fundamental security features of blockchain, including consensus, digital signatures, and transparency. The significant subcomponents of trust, data management, and automation in banking and financial systems are also identified and discussed, including how blockchain and smart contracts can achieve the anticipated features of each subcomponent through their technical capabilities. In addition, we shed light on the position of blockchain-based applications in key application sectors of the banking and financing domain with a mapping of technical features with the application domains. Thereafter, the applicability of blockchain-based applications is evaluated with relevant regulatory definitions. Finally, we discuss open research challenges and potential future works with the blockchain in the domain of financial systems.

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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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Trust in finance: Values matter

Cited by 5 publications

References 51 publications

The Death of Trust Across the U.S. Finance Industry

The Death of Trust Across the U.S. Finance Industry

The Role of Blockchain in Finance Beyond Cryptocurrency: Trust, Data Management, and Automation

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

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