Journal of Economic Behavior & Organization最新文献_第7页

Evaluating the effects of a low-cost, online financial education program 评估低成本在线金融教育项目的效果

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-03-03 DOI: 10.1016/j.jebo.2025.106952

Robert L. Clark , Chuanhao Lin , Annamaria Lusardi , Olivia S. Mitchell , Andrea Sticha

{"title":"Evaluating the effects of a low-cost, online financial education program","authors":"Robert L. Clark , Chuanhao Lin , Annamaria Lusardi , Olivia S. Mitchell , Andrea Sticha","doi":"10.1016/j.jebo.2025.106952","DOIUrl":"10.1016/j.jebo.2025.106952","url":null,"abstract":"<div><div>We provide evidence on how a low-cost, online, and scalable financial education program influences older participants’ financial knowledge. We test the program using a field experiment that includes short stories covering three fundamental financial education topics: compound interest, risk diversification, and inflation. Two surveys are administered eight months apart to measure the effects of those stories on middle-aged and older (45+) participants' short-term and longer-term knowledge and financial behavior. We show that the risk diversification story is the most effective at improving participants' knowledge, in both the short and longer terms. In the short term, reading the risk diversification story significantly increased the likelihood of correctly answering the related knowledge questions by 17–18 percentage points. The compound interest and inflation stories significantly increase participant knowledge in the short term, but the gain in financial literacy declines over time. Furthermore, timestamp data was used to show that the inflation story increased the time participants spent answering the related knowledge questions suggesting that exposure to our story boosted participants’ attentiveness and interest in the topic. Over just an eight-month time period, the stories do not seem to have a significant effect on financial behaviors as measured by four financial distress indicators and a financial resilience index. Nevertheless, higher financial literacy is positively linked to better financial decision-making. The eight months might be too short to measure significant behavioral change; thus, further research is needed to prove the intervention's effect on financial behavior in the long run.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"232 ","pages":"Article 106952"},"PeriodicalIF":2.3,"publicationDate":"2025-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143529380","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Nature's impact: Do extreme natural disasters influence retail investors? 自然影响：极端自然灾害会影响散户投资者吗？

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-03-03 DOI: 10.1016/j.jebo.2025.106954

Mardy Chiah , Xiao Tian , Angel Zhong

{"title":"Nature's impact: Do extreme natural disasters influence retail investors?","authors":"Mardy Chiah , Xiao Tian , Angel Zhong","doi":"10.1016/j.jebo.2025.106954","DOIUrl":"10.1016/j.jebo.2025.106954","url":null,"abstract":"<div><div>This study investigates the influence of extreme natural disasters on the trading behaviour of retail investors, focusing on two significant events in Australia: Cyclone Debbie in 2017 and the Black Summer bushfires in 2019–2020. Utilising a unique dataset of transaction-level trade data, we examine whether retail investors exhibit a preference for trading stocks with Environmental, Social, and Governance (ESG) ratings during these periods. The findings reveal that retail investors significantly increase their trading activities in ESG-rated stocks (especially high ratings) in the aftermath of these disasters. This behaviour suggests a heightened awareness and preference for ESG performance among retail investors when faced with catastrophic events. In contrast, institutional investors do not show similar trading patterns, indicating a divergence in investment strategies between retail and institutional investors during times of heightened market uncertainty. Despite awareness concerning ESG during natural disasters, we find that ESG stocks heavily purchased by retail investors generate negative returns in the five-day window subsequent to the natural disasters.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"232 ","pages":"Article 106954"},"PeriodicalIF":2.3,"publicationDate":"2025-03-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143529379","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Fostering environmental integrity via investor-focused communications: Private in-house meeting disclosures and greenwashing behaviors 通过以投资者为中心的沟通促进环境完整性：私下内部会议披露和“漂绿”行为

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-03-01 DOI: 10.1016/j.jebo.2025.106946

June Cao , Zijie Huang , Ahmad Usman Shahid

{"title":"Fostering environmental integrity via investor-focused communications: Private in-house meeting disclosures and greenwashing behaviors","authors":"June Cao , Zijie Huang , Ahmad Usman Shahid","doi":"10.1016/j.jebo.2025.106946","DOIUrl":"10.1016/j.jebo.2025.106946","url":null,"abstract":"<div><div>This study explores whether and how mandatory disclosure of private in-house meetings affects corporate environmental behaviors. Employing a difference-in-differences model, we find that regulated firms significantly reduce their greenwashing behaviors in response to the implementation of mandatory disclosure of private in-house meetings. We identify that mandatory disclosure of private in-house meetings decreases greenwashing behaviors by fostering a corporate culture of integrity. Firms with higher information asymmetry before the mandate exhibit a greater reduction in greenwashing behaviors after mandatory disclosure of private in-house meetings. Furthermore, we document that firms reducing greenwashing as a result of this mandatory disclosure policy witness an improvement in their social reputations. Our study offers insightful implications to policymakers and practitioners by shedding light on the significant role of investor-focused communications in mitigating greenwashing behaviors, thereby bolstering firms’ environmental integrity and accountability.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"232 ","pages":"Article 106946"},"PeriodicalIF":2.3,"publicationDate":"2025-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143527168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Measuring success in streaming platforms 衡量流媒体平台的成功

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-02-27 DOI: 10.1016/j.jebo.2025.106941

Juan Carlos Gonçalves-Dosantos , Ricardo Martínez , Joaquín Sánchez-Soriano

引用次数: 0

Doing more for less? New evidence on lobbying and government contracts 少花钱多办事？关于游说和政府合同的新证据

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-02-27 DOI: 10.1016/j.jebo.2025.106942

Şenay Ağca , Deniz Igan , Fuhong Li , Prachi Mishra

引用次数: 0

Safety accidents and mutual fund flows 安全事故和资金互流

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-02-27 DOI: 10.1016/j.jebo.2024.106875

Xuefeng Hu , Bochen Wu , Rong Xu , Yifan Zhou

引用次数: 0

Modeling adaptive forward-looking behavior in epidemics on networks 网络流行病中自适应前瞻性行为建模

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-02-25 DOI: 10.1016/j.jebo.2025.106914

Lorenzo Amir Nemati Fard , Alberto Bisin , Michele Starnini , Michele Tizzoni

{"title":"Modeling adaptive forward-looking behavior in epidemics on networks","authors":"Lorenzo Amir Nemati Fard , Alberto Bisin , Michele Starnini , Michele Tizzoni","doi":"10.1016/j.jebo.2025.106914","DOIUrl":"10.1016/j.jebo.2025.106914","url":null,"abstract":"<div><div>Incorporating decision-making dynamics during an outbreak poses a challenge for epidemiology, faced by several modeling approaches siloed by different disciplines. We propose an epi-economic model where high-frequency choices of individuals respond to the infection dynamics over heterogeneous networks. Maintaining a rational forward-looking component to individual choices, agents follow a behavioral rule-of-thumb in the face of limited perceived forecasting precision in a highly uncertain epidemic environment. We describe the resulting equilibrium behavior of the epidemic by analytical expressions depending on the epidemic conditions. We study existence and welfare of equilibrium, identifying a fundamental negative externality. We also sign analytically the effects of the behavioral rule-of-thumb at different phases of the epidemic and characterize some comparative statics. Through numerical simulations, we contrast different information structures: global awareness – where individuals only know the prevalence of the disease in the population – with local awareness, where individuals know the prevalence in their neighborhood. We show that agents’ behavioral response through forward-looking choice can flatten the epidemic curve, but local awareness, by triggering highly heterogeneous behavioral responses, more effectively curbs the disease compared to global awareness.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"232 ","pages":"Article 106914"},"PeriodicalIF":2.3,"publicationDate":"2025-02-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143479694","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Boarding education and children's human capital development 寄宿教育与儿童人力资本开发

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-02-23 DOI: 10.1016/j.jebo.2025.106948

Junjie Lin , Chunchao Wang , Sheng Xu , Ling Zhang , Yunbin Zhang

引用次数: 0

Social norm uncertainty: Measurement using coordination games and behavioral relevance 社会规范不确定性：基于协调博弈和行为关联的测量

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-02-23 DOI: 10.1016/j.jebo.2025.106937

Robert Schmidt

引用次数: 0

Violence against women and the substitution of help services in times of lockdown: Triangulation of three data sources in Germany 封锁期间对妇女的暴力行为和帮助服务的替代：德国三个数据来源的三角测量

IF 2.3 3区经济学

Journal of Economic Behavior & Organization Pub Date : 2025-02-22 DOI: 10.1016/j.jebo.2024.106879

Cara Ebert , Janina Isabel Steinert

{"title":"Violence against women and the substitution of help services in times of lockdown: Triangulation of three data sources in Germany","authors":"Cara Ebert , Janina Isabel Steinert","doi":"10.1016/j.jebo.2024.106879","DOIUrl":"10.1016/j.jebo.2024.106879","url":null,"abstract":"<div><div>We study the impact of the COVID-19 pandemic on domestic violence against women in Germany in 2020. The analysis draws on three data sources: (1) longitudinal administrative data on the volume of help requests to helplines, shelters and counselling services, (2) cross-sectional survey data collected during the first wave of the pandemic, and (3) a qualitative online survey with counsellors and domestic violence experts. The number of violence-related requests at helplines increased significantly by 34% with the first physical distancing measures, whereas ambulatory care services such as shelters experienced a 14% increase in help requests only after physical distancing restrictions were lifted. Our results indicate that individuals substituted help services away from ambulatory care towards helplines. We do not observe exacerbated violence in states with greater mobility reductions, lower day care capacity for childcare or higher COVID-19 infection numbers. Yet, our cross-sectional household-level data suggests that home quarantine and financial distress may have been triggers of violence. Our findings highlight the importance of providing easily accessible online counselling offers for survivors of violence and governmental financial relief packages.</div></div>","PeriodicalId":48409,"journal":{"name":"Journal of Economic Behavior & Organization","volume":"232 ","pages":"Article 106879"},"PeriodicalIF":2.3,"publicationDate":"2025-02-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143463777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0