All Outputs (2)

Herding with leading traders: Evidence from a laboratory social trading platform (2022)
Journal Article
Chmura, T., Le, H., & Nguyen, K. (2022). Herding with leading traders: Evidence from a laboratory social trading platform. Journal of Economic Behavior and Organization, 203, 93-106. https://doi.org/10.1016/j.jebo.2022.08.035

We provide novel evidence about herd behavior and its impact on asset price bubbles in an experimental financial market. We find that traders imitate quotes of those with the highest wealth increases as ranked on the leader-boards, despite that no tr... Read More about Herding with leading traders: Evidence from a laboratory social trading platform.

Corporate diversification and downsizing decisions: International evidence from sharp and sudden performance shocks (2022)
Journal Article
Ataullah, A., Le, H., Wang, Z., & Wood, G. (2022). Corporate diversification and downsizing decisions: International evidence from sharp and sudden performance shocks. International Review of Financial Analysis, 82, Article 102203. https://doi.org/10.1016/j.irfa.2022.102203

While firms regularly reduce workforce following sharp performance decline, diversified firms may abstain from employment downsizing by transferring capital and labor between segments (the allocative flexibility effect). However, downsizing may be mo... Read More about Corporate diversification and downsizing decisions: International evidence from sharp and sudden performance shocks.