Vesa Pursiainen
Title
Prof. PhD
Last Name
Pursiainen
First name
Vesa
Email
vesa.pursiainen@unisg.ch
Phone
+41 71 224 70 18
22 results
Now showing 1 - 10 of 22
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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 7 - 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); Scopus© Citations 1 - 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 19 - 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 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, The Disutility of Stock Market Losses: Evidence From Domestic Violence(2022)Scopus© Citations 7 - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Cultural Biases in Equity Analysis(2022-02)A more positive cultural trust bias by an equity analyst's country of origin toward a firm's headquarter country is associated with significantly more positive stock recommendations. The cultural bias effect is stronger for eponymous firms whose names mention their home country and varies over time, increasing with negative sentiment. I find evidence of a negative North-South bias during the European debt crisis and United Kingdom-Europe divergence amid Brexit. Share price reactions to recommendations by more biased analysts are weaker, and more biased recommendations are worse predictors of monthly stock returns. More positively biased analysts also assign higher target prices.Type:journal articleJournal:Journal of FinanceVolume:77Scopus© Citations 36
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