Please use this identifier to cite or link to this item: https://doi.org/10.1057/s41599-021-00733-w
DC FieldValue
dc.titleGender and age-based investor affinities in a Ponzi scheme
dc.contributor.authorHuang, Li
dc.contributor.authorLi, Oliver Zhen
dc.contributor.authorLin, Yupeng
dc.contributor.authorXu, Chao
dc.contributor.authorXu, Haoran
dc.date.accessioned2022-10-11T07:49:25Z
dc.date.available2022-10-11T07:49:25Z
dc.date.issued2021-03-03
dc.identifier.citationHuang, Li, Li, Oliver Zhen, Lin, Yupeng, Xu, Chao, Xu, Haoran (2021-03-03). Gender and age-based investor affinities in a Ponzi scheme. Humanities and Social Sciences Communications 8 (1) : 60. ScholarBank@NUS Repository. https://doi.org/10.1057/s41599-021-00733-w
dc.identifier.issn2662-9992
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/231962
dc.description.abstractUtilizing a police dataset of a fundraising Ponzi scheme in China, we establish referrer-investor links and examine how investor affinity in terms of gender and age affects the way the scheme spreads and the way investors suffer losses. We find that female or older investors are more susceptible to investor affinity. Specifically, female or older investors are more likely to be referred into the scheme by female or older investors. Female or older investors tend to occupy lower layers in the investor hierarchy of the scheme and they are more likely to occupy lower layers if they are referred into the scheme by female or older investors. Consequently, female or older investors suffer more losses if they are referred into the scheme by female or older investors. We conclude that gender and age-based investor affinities are especially pronounced among female or older investors in a Ponzi scheme. © 2021, The Author(s).
dc.publisherSpringer Nature
dc.rightsAttribution 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.sourceScopus OA2021
dc.typeArticle
dc.contributor.departmentDEPT OF ACCOUNTING
dc.description.doi10.1057/s41599-021-00733-w
dc.description.sourcetitleHumanities and Social Sciences Communications
dc.description.volume8
dc.description.issue1
dc.description.page60
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