Cultural Finance: A World Map of Risk, Time and Money: 0 (World Scientific Series in Finance): 16 - Hardcover

Thorsten Hens; Marc Oliver Rieger; Mei Wang

Hardcover

ISBN 10: 9811219761 ISBN 13: 9789811219764

Publisher: World Scientific Publishing Co Pte Ltd, 2020

Synopsis

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 on 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 (International Test of Risk Attitudes), conducted in 53 countries worldwide. Applications to financial markets include the equity premium puzzle, the value premium, dividend payout policies and asset allocations.

About this title

About the Author

<p><strong>Thorsten Hens</strong> is Swiss Finance Institute Professor of Financial Economics at the University of Zurich and Adjunct Professor of Finance at University of Lucerne, Switzerland as well as at the Norwegian School of Economics, NHH, in Bergen. He studied at Bonn and Paris and previously was professor in Bielefeld and taught in Stanford. His main research areas are behavioural finance with applications to wealth management and evolutionary finance with applications to asset management. Thorsten Hens has published more than seventy peer-reviewed journal articles, and is the co-author of nine books. Moreover, he is one of the founders of the UZH-Spin Off Company Behavioral Finance Solutions, the Swiss Fintech Innovations Association and the UZH Blockchain Center. Thorsten Hens holds many mandates in pension funds, insurance companies and banks.</p><p> </p> <p><strong>Marc Oliver Rieger</strong> is Professor of Banking and Finance and Director of the Confucius Institute at the University of Trier, Germany. He studied in Konstanz and obtained his PhD from the Max Planck Institute for Mathematics in Leipzig. Previously he held positions at Carnegie Mellon University, Scuola Normale Superiore in Pisa, the University of Zurich, Bielefeld and the NCCU, Taiwan. His main research areas are behavioural decision theory, behavioural finance and cultural finance. He is also interested in cultural differences in economic decisions with a focus on East Asia and initiated a third-party funded research cluster on this topic. Marc Oliver Rieger has published more than fifty peer-reviewed journal articles, some of them in his former research field (applied mathematics), and has written books on financial economics and on derivatives.</p><p> </p> <p><strong>Mei Wang</strong> is Professor of Behavioral Finance at the WHU — Otto Beisheim School of Management, Germany. She studied computer science at Xiamen University, China and after working for the Bank of China, she moved on to the USA where she obtained a PhD in social and decision science from Carnegie Mellon University. Previously she held positions at University of Mannheim, Germany, University of Zürich, Switzerland and the NCCU, Taiwan. Already in her PhD thesis Mei Wang was working on topics in cultural finance. Since then she continuously published in this field, but also in behavioural decision theory, behavioural finance and risk analysis.</p>

From the Back Cover

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.

Edition details

• Publisher: World Scientific Publishing Co Pte Ltd
• Publication date: 2020
• Language: English
• ISBN 10: 9811219761
• ISBN 13: 9789811219764
• Binding: Hardcover
• Number of pages: 572