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https://doi.org/10.1287/mnsc.2016.2586
Title: | How Monitoring Influences Trust: A Tale of Two Faces | Authors: | HO TECK HUA Maurice E. Schweitzer Xing Zhang |
Issue Date: | 23-Nov-2016 | Publisher: | INFORMS (Institute for Operations Research and Management Sciences) | Citation: | HO TECK HUA, Maurice E. Schweitzer, Xing Zhang (2016-11-23). How Monitoring Influences Trust: A Tale of Two Faces. Management Science 64 (1) : 253-270. ScholarBank@NUS Repository. https://doi.org/10.1287/mnsc.2016.2586 | Rights: | CC0 1.0 Universal | Abstract: | In Chinese culture, certain digits are lucky and others unlucky.We test how such numerological superstition affects financial decision in the China initial public offering (IPO) market. We find that the frequency of lucky numerical stock listing codes exceeds what would be expected by chance. Also consistent with superstition effects, newly listed firms with lucky listing codes experience inferior post-IPO abnormal returns. Further tests suggest that our conclusions are not driven by endogeneity. | Source Title: | Management Science | URI: | https://scholarbank.nus.edu.sg/handle/10635/168350 | ISSN: | 00251909 15265501 |
DOI: | 10.1287/mnsc.2016.2586 | Rights: | CC0 1.0 Universal |
Appears in Collections: | Staff Publications Elements |
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