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Dr Chryssi Giannitsarou

Chryssi Giannitsarou

Title of research: Financial Information Networks and the Stock Market: Empirical Survey Evidence

We examine how social interactions and peer effects affect individuals' decisions to invest in the stock market. We design, field and exploit novel survey data (from a representative sample of the French population in December 2014 and May 2015) that provide insights regarding two channels via which social interactions may generally affect financial decisions: (i) information peer effects, which arise solely from communicating and disseminating information to and from friends and acquaintances and (ii) endorsement peer effects, broadly understood as comprising of social norm effects in preferences, imitation, complementarities, opinion transmission, etc. Preliminary analysis suggests that respondents with larger social circles invest a higher proportion of their wealth in the stock market, in accordance to theoretical predictions. We also find that both information and endorsement effects are significant, and that perceptions about peers behaviour and information have only an indirect effect on expectations of returns, and mainly through respondents' information set.

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CERF Fellow Dr. Bang Dang Nguyen - paper will be presented at the AFA Annual Meeting 2020 in San Diego

Sep 26, 2019

Political Connections and Firm Value: Evidence from Close Gubernatorial Elections, joint with Q.A. Do (SciencesPo Paris) and Yen-Teik Lee (Curtin University), is accepted and will be presented at the AFA Annual Meeting 2020 in San Diego.

CERF Scholar Shiqi Chen presented her paper at Leeds University Business School

Jun 28, 2019

Shiqi Chen presented her paper entitled “Financial Policies and Internal Governance with Heterogeneous Risk Preferences” (joint with Bart Lambrecht) in the Accounting and Finance seminar at Leeds University Business School, the Finance seminar at Essex Business School, CERF Lunch Seminar at Cambridge Judge Business School, and at the 2019 Annual Real Options Conference in London.

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