Cultural Finance:A World Map of Risk, Time and Money

Thorsten Hens, Marc Oliver Rieger and Mei Wang
Additional contact information
Thorsten Hens: University of Zurich, Switzerland
Marc Oliver Rieger: University of Trier, Germany
Mei Wang: WHU – Otto Beisheim School of Management, Germany

in World Scientific Books from World Scientific Publishing Co. Pte. Ltd.

Abstract: This book provides a comprehensive overview of the emerging field of cultural finance. It summarizes research results of cultural differences in financial decision making and financial markets. Many of the results have been published in leading academic journals over the last ten years but some are presented here for the first time. The book is based on an international survey on risk and time preferences — the INTRA study, conducted in 53 countries worldwide. Applications to financial markets include the equity premium puzzle, the value premium, dividend payout policies and asset allocations.

Keywords: Finance; Culture; International; Time Preferences; Risk Preferences; Decision Theory (search for similar items in EconPapers)
JEL-codes: D9 E7 G4 Z1 (search for similar items in EconPapers)
Date: 2020
ISBN: 9789811219764
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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https://www.worldscientific.com/worldscibooks/10.1142/11813 (text/html)
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Chapters in this book:

Ch 1 Introduction — Experiences from a Global Survey , pp 1-9

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 2 How Time Preferences Differ: Evidence from 53 Countries , pp 15-63

Mei Wang, Marc Oliver Rieger and Thorsten Hens

Ch 3 What Do We Measure When We Measure Time Discounting? The Impact of Wealth, Growth Rate and Financial Market Accessibility , pp 65-81

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 4 How Politics Affects Time Preferences: The Case of Eastern Europe , pp 83-86

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 5 Time Preferences and Migration , pp 87-89

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 6 Risk Preferences Around the World , pp 95-127

Marc Oliver Rieger, Mei Wang and Thorsten Hens

Ch 7 The Impact of Culture on Loss Aversion , pp 129-160

Mei Wang, Marc Oliver Rieger and Thorsten Hens

Ch 8 Estimating Cumulative Prospect Theory Parameters from an International Survey , pp 161-200

Marc Oliver Rieger, Mei Wang and Thorsten Hens

Ch 9 Too Risk-Averse for Prospect Theory? , pp 201-220

Marc Oliver Rieger and Thuy Bui

Ch 10 Risk Preferences in Eastern and Western Europe , pp 221-223

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 11 How Gender Effects Differ Between Countries , pp 225-227

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 12 International Evidence on the Equity Premium Puzzle and Time Discounting , pp 231-245

Marc Oliver Rieger, Mei Wang and Thorsten Hens

Ch 13 Can Ambiguity Aversion Solve the Equity Premium Puzzle? Survey Evidence from International Data , pp 247-264

Marc Oliver Rieger and Mei Wang

Ch 14 The Fundamental Equity Premium and Ambiguity Aversion in an International Context , pp 265-302

Minh Hai Ngo, Marc Oliver Rieger and Shuonan Yuan

Ch 15 Time Discounting and the Value Premium , pp 303-319

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 16 Impacts of Ambiguity Aversion and Information Uncertainty on Momentum: An International Study , pp 321-385

Yujing Gong, Mei Wang and Dennis Dlugosch

Ch 17 The Behavioral Foundations of Corporate Dividend Policy a Cross-Country Analysis , pp 387-445

Wolfgang Breuer, M. Oliver Rieger and K. Can Soypak

Ch 18 Corporate Cash Holdings and Ambiguity Aversion , pp 447-506

Wolfgang Breuer, Marc O. Rieger and K. Can Soypak

Ch 19 Home Bias and Ambiguity Aversion , pp 507-509

Thorsten Hens, Marc Oliver Rieger and Mei Wang

Ch 20 On the Determinants of Household Debt Maturity Choice , pp 511-543

Wolfgang Breuer, Thorsten Hens, Astrid Juliane Salzmann and Mei Wang

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