Suchergebnisse

Chapter 1. An Overview of Technologically Enabled Finance -- Chapter 2. Innovations in Alternative Finance in Historical Perspective -- Chapter 3. A Layman's Guide to Bitcoin and Blockchain -- Chapter 4. An Introduction to Cryptocurrencies -- Chapter 5. The Role of Utopia in the Workings of Local and Cryptocurrencies -- Chapter 6. Digital Currencies and Central Banks -- Chapter 7. Cryptocurrencies: Regulatory Perspectives and Implications for Investors -- Chapter 8. Fintech Revolutionizing Financial Services: The Case of Virtual Savings and Credit Supply Technological Platforms in Africa -- Chapter 9. What Does Digital Money Mean for Emerging Market and Developing Economies?- Chapter 10. Blockchain and Other Distributed Ledger Technologies in Finance -- Chapter 11. Consensus Mechanisms for the Blockchain -- Chapter 12. Multi-Stakeholder Governance in the Era of Decentralized Finance -- Chapter 13. Law and Blockchains -- Chapter 14. Blockchain Trading and Exchange -- Chapter 15. Initial Coin Offerings: Current Research and Future Directions -- Chapter 16. How Wise Are Crowds on Crowdfunding Platforms?- Chapter 17. Asymmetric Information at the Platform Level: The Case of Peer-to-Peer Lending -- Chapter 18. Equity Crowdfunding and Capital Formation for Early-Stage Firms -- Chapter 19. Growing Pains: The Changing Regulation of Alternative Lending Platforms -- Chapter 20. Regulating Equity Crowdfunding: Lessons From International Practice -- Chapter 21. The Use of Psychometrics and Artificial Intelligence in Alternative Finance -- Chapter 22. Neural Networks and Deep Learning: A Paradigm Shift in Information Processing, Machine Learning and Artificial Intelligence -- Chapter 23. Use of Big Data in Developing Markets -- Chapter 24. Use of Big Data in Insurance -- Chapter 25. Technology and Working Capital Finance -- Chapter 26. Robo-Advising -- Chapter 27. Implementation of Open Banking Protocols Around the World -- Chapter 28. Technological Innovation and Discrimination in Household Finance -- Chapter 29. Trust Building and Credit Reporting With Big Data in the Digital Age -- Chapter 30. Digital Identity in India -- Chapter 31. Big Techs in Finance: On the New Nexus Between Data Privacy and Competition.

SUMMARY
We survey a representative sample of the US population to understand stakeholders' desire to see their firms leave Russia after the invasion of Ukraine. Only 37% of the respondents think that leaving Russia is a pure business decision, and only 30% think that sanctions are a pure matter for the government. If a firm does not conform to the desire to leave Russia, 66% of the respondents are willing to boycott it (exit). We randomize a (hypothetical) cost of exiting the firm. This cost has a strong effect on the stated propensity to exit. This sensitivity allows us to provide a natural $ equivalent of moral motivations for exiting. We try to distinguish deontological and impact-related motives to exit, by randomizing beliefs about the impact on the firm. We find a clear effect of impact for shareholders, but not for consumers and employees. Our results continue to hold on the subsample of participants who actually donate part of their survey compensation to Ukraine. In our survey, consumers emerge as the most powerful force to control the morality of firms. We discuss the geopolitical and economic implications of a world where private corporations can discontinue profitable business relationships for moral or political reasons.

Antitrust enforcement in the United States has declined since the 1960s. We investigate the political causes of this decline by looking at who made the crucial decisions and the strength of their popular mandate. Using a novel framework to understand the determinants of regulatory capture and several new datasets, we find that there was no public support for the weakening of antitrust enforcement. The decline in antitrust enforcement was the result of a collection of technocratic decisions made in politically unaccountable ways, mostly by regulators and judges. Behind the scenes, big business played a major role in influencing these agents; but other factors (like the increase in private sector pay relative to government pay) and intellectual currents mattered as well.