Annual Conference

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Specialty Conference

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May 2019

Financial Technology Adoption

Sean HIGGINS
Do coordination failures constrain financial technology adoption? Exploiting the Mexican government’s rollout of one million debit cards to poor households from 2009–2012, I examine responses on both sides of the market, and find important spillovers and distributional impacts. On the supply sid...
Keywords: Coordination failiures, financial technology, spillovers, Mexico
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Annual Conference

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Specialty Conference

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May 2021

Perceived Precautionary Savings Motives: Evidence from FinTech

Michael WEBER, Francesco DACUNTO, Thomas RAUTER, Christoph SCHEUCH
We study the spending response of first-time borrowers to an overdraft facility and elicit their preferences, beliefs, and motives through a FinTech application. Users increase their spending permanently, lower their savings rate, and reallocate spending from non-discretionary to discretionary goods...
Keywords: Digital Footprint, Beliefs, Bank Credit, Household Finance, Behavioral finance
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Annual Conference

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International Macroeconomics, Money & Banking

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May 2019

Disentangling the supply and demand factors of household credit in Malaysia - Evidence from the credit register

Jiaming SOH
This paper isolates the demand and supply factors of credit extension. We construct a new dataset that combines loan application information from the credit register with individuals’ income and banks’ balance sheet for the period 2014-2016. Using this dataset, we verify the importance of banks'...
Keywords: Supply factor, demand factor, household loan approval, credit register, funding ratio
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Annual Conference

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Real Estate and Urban Economics, Senior Fellows/Fellows

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May 2018

Housing price, Labor Supply and Household Behaviors – the Dream City Effect

Yongheng DENG, Wei HUANG, Xiangyu GUO
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Annual Conference

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Accounting

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May 2018

Traveling Governance Effect of Shareholder Activism: Evidence from Clawback Provision Adoption

C.S. Agnes CHENG, Gang HU, Zeyu SUN, Jing XIE
We find that firms held by an institutional activist blockholder (IAB) are more likely to adopt clawback provisions when more of other firms held by the same IAB have adopted. This effect is stronger when peers adopt a strong form of clawback and maintain longer peer relations, for firms with more p...
Keywords: shareholder activism, Spillover Effect, Clawback Provision, institutional investors
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