Robo-advice: Transforming households into rational economic agents

F D'Acunto, AG Rossi - Annual Review of Financial Economics, 2023 - annualreviews.org
Robo-advice uses big and open data to provide consumers with fully informed and rational-
expectation benchmarks in all realms of household finance, including consumption, saving …

Forensic accounting

C Honigsberg - Annual Review of Law and Social Science, 2020 - annualreviews.org
Forensic accounting serves as a regulatory and investment tool that allows interested
professionals to predict whether firms are engaged in financial reporting misconduct …

[PDF][PDF] Social media as a bank run catalyst

JA Cookson, C Fox, J Gil-Bazo, JF Imbet… - Available at …, 2023 - bostonfed.org
After the run on Silicon Valley Bank (SVB), US regional banks entered a period of significant
distress. We quantify social media's role in this distress using comprehensive Twitter data …

The market for financial adviser misconduct

M Egan, G Matvos, A Seru - Journal of Political Economy, 2019 - journals.uchicago.edu
We document the economywide extent of misconduct among financial advisers and the
associated labor market consequences. Seven percent of advisers have misconduct …

Cryptocurrency pump-and-dump schemes

T Li, D Shin, B Wang - Available at SSRN 3267041, 2021 - papers.ssrn.com
Pump-and-dump schemes (P&Ds) pervade the cryptocurrency market. We find that P&Ds
trigger short-term episodes featuring dramatic increases in prices, volume, and volatility …

How does corporate ESG performance affect stock liquidity? Evidence from China

K Wang, T Li, Z San, H Gao - Pacific-Basin Finance Journal, 2023 - Elsevier
This study examines whether and how corporate environmental, social, and governance
(ESG) performance is associated with firm's stock liquidity. We find robust evidence that ESG …

Robo-advisors: A substitute for human financial advice?

L Brenner, T Meyll - Journal of Behavioral and Experimental Finance, 2020 - Elsevier
Using representative US investor data, we investigate whether automated financial advisors,
also referred to as robo-advisors, reduce investors' demand for human financial advice …

Online search attention, firms' ESG and operating performance

X Zhao, L Fang, K Zhang - International Review of Economics & Finance, 2023 - Elsevier
The online search volume reflects public attention related to people's concerns.
Environmental, Social and Governance issues (ESG) has been well documented to be a …

Is fraud contagious? Coworker influence on misconduct by financial advisors

SG Dimmock, WC Gerken… - The Journal of Finance, 2018 - Wiley Online Library
Using a novel data set of US financial advisors that includes individuals' employment
histories and misconduct records, we show that coworkers influence an individual's …

Growing up without finance

JR Brown, JA Cookson, RZ Heimer - Journal of Financial Economics, 2019 - Elsevier
Early life exposure to local financial institutions increases household financial inclusion and
leads to long-term improvements in consumer credit outcomes. We identify the effect of local …