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 …

We find robust empirical evidence that firms in locations with higher exposure to climate
change pay significantly higher spreads on their bank loans. To alleviate the concerns …

This exploratory work reviews the research work undertaken to study the impact of the
information content of the Internet, available through online news articles and various social …

Purpose This study aims to explore the importance of past behaviour and financial literacy in
the investment decision-making of individual investors and examines the validity of the …

We document a significant positive relation between drought risk and the cost of equity
capital. Our estimation shows that the cost of equity capital is 92 basis points higher for firms …

Social media has become a popular venue for individuals to share the results of their own
analysis on financial securities. This paper investigates the extent to which investor opinions …

Using a high‐stakes field experiment conducted with a financial brokerage, we implement a
novel design to separately identify two channels of social influence in financial decisions …

We study the importance of trust in the investment advisory industry by exploiting the
geographic dispersion of victims of the Madoff Ponzi scheme. Residents of communities that …

We find that socially connected fund managers have more similar holdings and trades. The
overlap of funds whose managers reside in the same neighborhood is considerably higher …

Using data drawn from the British Household Panel Survey, we analyse the relationship
between personality traits and financial decision-making focusing on unsecured debt and …