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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.
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
ISSN: 00251909
DOI: 10.1287/mnsc.2016.2586
Rights: CC0 1.0 Universal
Appears in Collections:Staff Publications

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