Given the paucity of comprehensive summaries in the extant literature, this systematic
review, coupled with bibliometric analysis, endeavours to take a meticulous approach …

We review an empirical literature that studies the role of social interactions in driving
economic and financial decision-making. We first summarize recent work that documents an …

As individual investors who act independently can generate only limited influence on
corporate decisions, this paper considers clustered institutional investors connected through …

We measure financial literacy and study its impact on household use of digital finance using
the 2015 and 2017 China Household Finance Survey. We find that financial literacy …

We develop a dynamic asset pricing model of cryptocurrencies/tokens that allow users to
conduct peer-to-peer transactions on digital platforms. The equilibrium price of tokens is …

It is ultimately an empirical question whether risk preferences are stable over time. The
evidence comes from diverse strands of literature, covering the stability of risk preferences in …

I present closed-form solutions for prices, portfolios, and beliefs in a model where four types
of investors trade assets over time: naive investors who learn via a social network,“fanatics” …

This paper examines the relationship between the large-scale construction of broadband
infrastructure and digital financial inclusion in rural China. To make causal inferences, we …

We propose a nonparametric method to study which characteristics provide incremental
information for the cross-section of expected returns. We use the adaptive group LASSO to …

We present a systematic review of research conducted on culture in finance journals,
accompanied by bibliometric summary analysis. We summarize publication and citation …