Vesa Pursiainen
Title
Prof. PhD
Last Name
Pursiainen
First name
Vesa
Email
vesa.pursiainen@unisg.ch
Phone
+41 71 224 70 18
31 results
Now showing 1 - 10 of 31
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Item type:Publication, Gender Differences in Reward-Based Crowdfunding(Elsevier) - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Disutility of Stock Market Losses: Evidence From Domestic ViolenceStock returns during the week are negatively associated with the reported incidence of domestic violence during the weekend. This relationship is primarily driven by negative returns. The incidence of domestic violence increases with the magnitude of losses, and the effect increases with local stock market participation. Our findings suggest that negative wealth shocks caused by stock market crashes can affect stress levels within intimate relationships, escalate arguments, and trigger domestic violence. Stock market losses may reduce household utility beyond the shock to financial wealth, supporting gain-loss models where disutility from losses outweighs the utility from gains of a similar magnitude.Type:journal articleJournal:The Review of Financial StudiesVolume:36Issue:4Scopus© Citations 6 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Trust in Traditional Finance and Consumer Fintech AdoptionWe study the role of trust in traditional finance in the consumer adoption of various fintech products, including cryptocurrencies, peer-to-peer lending, other crowdfunding, roboadvisors, and alternative payment solutions. Using an online lab experiment, an experiment on an investment website, and a representative survey of Dutch households, we find no consistent evidence that trust in banks affects fintech adoption in any of the product categories, although we find weak evidence suggesting that trust in banks positively affects interest in alternative payment apps. Our results do not support the narrative that trust in traditional finance is a major driver of fintech adoption.Type:journal articleJournal:The Review of Corporate Finance StudiesVolume:14Issue:2Scopus© Citations 9 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Entrepreneur Debt Aversion and Financing Decisions: Evidence from COVID-19 Support Programs(2025); - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Competition and the reputational costs of litigation(2025-03-14); ; We study the role of competition in customers’ reactions to litigation against firms, using anonymized mobile phone location data. A class action lawsuit filing is followed by a 4% average reduction in customer visits to target firms’ outlets in the following months. The effect strongly depends on competition. Outlets facing more competition experience significantly larger negative effects. Closer competition matters more, both in terms of geographic and industry proximity. Announcement returns and quarterly accounting revenues around lawsuit filings also strongly depend on competition. Our results suggest that competition is an important component in customers’ ability to discipline firms for misbehavior.Type:journal articleJournal:Journal of Financial and Quantitative AnalysisVolume:60Issue:7Scopus© Citations 3 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Inaccurate Borrower Information and Credit Risk: Evidence from Marketplace Loans(2024)Inaccuracy of borrower-provided information in marketplace loans contains information about credit risk. An inaccuracy index constructed from the consistency of loan amount with outstanding credit balance, roundness of reported income, and roundness of chosen loan amount predicts the likelihood of default, and the additional default risk is not compensated by higher interest. Inaccurate information is more prevalent in areas with lower social capital and weaker social norms. It is also lower among borrowers whose professions are considered less honest, and among borrowers with higher income uncertainty. These results suggest that inaccuracy is driven by both deliberate misreporting and genuine uncertainty.Type:journal articleJournal:Review of Corporate Finance Studies - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Stress Testing Banks’ Digital Capabilities: Evidence from the COVID-19 PandemicType:journal articleJournal:Journal of Financial and Quantitative AnalysisScopus© Citations 17 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Social trust distance in mergers and acquisitionsType:journal articleJournal:Journal of Banking and FinanceVolume:149 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Analyst Incentives and Stock Return Synchronicity: Evidence from MiFID IIType:journal articleJournal:Financial Analysts JournalScopus© Citations 6 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Regional social capital and moral hazard in crowdfunding(2022-07)Scopus© Citations 26