61
Views
1
CrossRef citations to date
0
Altmetric
Articles

Financial Market Paradigm Shifts and Consumer Financial Spinning

References

  • Abraham, Chon, Marie-Claude Boudreau, Iris A. Junglas, and Richard T. Watson. 2013. “Enriching our Theoretical Repertoire: The Role of Evolutionary Psychology in Technology Acceptance.” European Journal of Information Systems 22 (1): 56–75. doi:10.1057/ejis.2011.25
  • Acharya, Viral V., and Matthew Richardson. 2009. “Causes of the Financial Crisis.” Critical Review 21 (2–3): 195–210. doi:10.1080/08913810902952903
  • Acharya. Viral V., and Philipp Schnabl. 2010. “Do Global Banks Spread Global Imbalances? The Case of Asset-Backed Commercial Paper during the Financial Crisis of 2007–09.” NBER Working Paper No. 16079, 1–60.
  • Akerlof, George A., and Robert J. Shiller. 2015. Phishing for Phools: The Economics of Manipulation and Deception. Princeton: Princeton University Press.
  • Babiak, Paul, and Robert D. Hare. 2006. Snakes in Suits: When Psychopaths Go to Work. New York: Harper Collins.
  • Ben-David, Itzhak. 2011. “Financial Constraints and Inflated Home Prices during the Real Estate Boom.” American Economic Journal: Applied Economics 3 (3): 55–87. doi:10.1257/app.3.3.55
  • Bernanke, Ben S. 2005. “The Global Saving Glut and the U. S. Current Account Deficit”. Sandridge Lecture (10 March), Richmond, VA. Available at www.federalreserve.gov/boarddocs/speeches/2005/200503102/.
  • Bernanke, Ben S. 2009. “Financial Reform to Address Systemic Risk.” Speech at the Council on Foreign Relations, Washington, D.C., March 10, 2009. Available at www.federalreserve.gov/newsevents/speech/bernanke20090310a.htm
  • Borio, Claudio, and Mathias Drehmann. 2009. “Assessing the Risk of Banking Crises–Revisited. BIS Quarterly Review, March 2, 2009, 29–46.
  • Brown, Kevin Joseph. 2010. “The Economics and Ethics of Mixed Communities: Exploring the Philosophy of Integration through the Lens of the Subprime Financial Crisis in the US.” Journal of Business Ethics 97 (1): 35–50. doi:10.1007/s10551-010-0494-1
  • Brunnermeier, Markus K., and Martin Oehmke. 2012. “Bubbles, Financial Crises, and Systemic Risk.” NBER Working Papers 18398. DOI doi:10.3386/w18398.
  • Brunnermeier, Markus K., and Lasse Heje Pedersen. 2009. “Market Liquidity and Funding Liquidity.” Review of Financial Studies 22 (6): 2201–2238. doi:10.1093/rfs/hhn098
  • Bryman, Alan. 1988. Quantity and Quality in Social Research. London: Allen and Unwin Inc.
  • Caballero, Ricardo J., and Arvind Krishnamurthy. 2009. “Global Imbalances and Financial Fragility.” American Economic Review 99 (2): 584–88. doi:doi:10.1257/aer.99.2.584.
  • Çakır, Onur, and Meryem Akoglan Kozak. 2019. “Designing an effective Organizational Employee Motivation System Based on ABCD Model for Hotel Establishments.” Tourism and Hospitality Management 23 (1): 69–86. doi:10.20867/thm.23.1.6
  • Calomiris, Charles W., and Peter J. Wallison. 2008. “Blame Fannie Mae and Congress for the Credit Mess.” Wall Street Journal - Eastern Edition, September 23, 2008.
  • Campbell, John L. 2019. “Self-Responsibility Gone Bad: Institutions and the 2008 Financial Crisis.” American Behavioral Scientist 63 (1): 10–26. doi:doi:10.1177/0002764218816801.
  • Clements, Matthew T. 2013. “Self-Interest vs. Greed and the Limitations of the Invisible Hand.” American Journal of Economics & Sociology 72 (4): 949–965. doi:doi:10.1111/ajes.12026.
  • Cohen, Jacob, and Patricia Cohen. 1983. Applied Multiple Regression/Correlation Analysis for the Behavioral Sciences. Second Edition. Mahwah, NJ: Lawrence Erlbaum Associates.
  • Colander, David, Hans Föllmer, Armin Haas, Michael D. Goldberg, Katarina Juselius, Alan Kirman, Thomas Lux, and Birgitte Sloth. 2009. “The Financial Crisis and the Systemic Failure of Academic Economics.” Critical Review 21 (2–3): 249–267. doi:10.1080/08913810902934109
  • Del Negro, Marco, and Christopher Otrok. 2007. “99 Luftballons: Monetary Policy and the House Price Boom across U.S. States.” Journal of Monetary Economics 54 (7): 1962–85. doi: doi:10.1016/j.jmoneco.2006.11.003.
  • Dierksmeier, Clauss. 2015. “Human Dignity and the Business of Business.” Human Systems Management 34 (1): 33–42. doi:10.3233/HSM-150830
  • Ehrmann, Michael, Marcel Fratzscher, and Roberto Rigobon. 2011. “Stocks, Bonds, Money Markets and Exchange Rates: Measuring International Financial Transmission.” Journal of Applied Econometrics 26 (6): 948–74. doi:doi:10.1002/jae.1173.
  • Fama, Eugene F. 1970. “Efficient Capital Markets: A Review of Theory and Empirical Work.” Journal of Finance 25 (2): 383–417. doi:doi:10.2307/2325486.
  • Ferguson, Charles H. 2012. Predator Nation: Corporate Criminals, Political Corruption, and the Hijacking of America. New York: Random House.
  • Financial Crisis Inquiry Commission Report. 2011. www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdf.
  • Fostel, Ana, and John Geanakoplos. 2012. “Tranching, CDS, and Asset Prices: How Financial Innovation can Cause Bubbles and Crashes.” American Economic Journal: Macroeconomics 4 (1): 190–225. doi:10.1257/mac.4.1.190
  • Frame, Scott, Andreas Lehnert, and Ned Prescott. 2008. “A Snapshot of Mortgage Conditions with an Emphasis on Subprime Mortgage Performance.” Federal Reserve’s Home Mortgage Initiatives. Richmond: Federal Reserve Bank of Richmond,
  • Frederick, William C. 2012. Natural Corporate Management: From the Big Bang to Wall Street. Sheffield, UK: Greenleaf.
  • Glimcher, Paul, Colin Farrell Camerer, Ernst Fehr and Russel A Poldrack. 2009. Neuroeconomics: Decision making and The Brain. London: Elsevier Academic Press.
  • Graafland, Johan, and Bert van der Ven. 2011. “The Credit Crisis and the Moral Responsibility of Professionals in Finance.” Journal of Business Ethics 103 (4): 605–19. doi:doi:10.1007/s10551-011-0883-0.
  • Groening, Christopher, and Vamsi K. Kanuri. 2018. “Investor Reactions to Concurrent Positive and Negative Stakeholder News.” Journal of Business Ethics 149 (4): 833–56. doi:doi:10.1007/s10551-016-3065-2.
  • Grossman, Richard S., and Christopher M. Meissner. 2010. “International Aspects of the Great Depression and the Crisis of 2007: Similarities, Differences, and Lessons.” Oxford Review of Economic Policy 26 (3): 318–38. doi:doi:10.1093/oxrep/grq021
  • Harris, Lloyd C., and Kate L. Reynolds. 2003. “The Consequences of Dysfunctional Customer Behavior.” Journal of Service Research 6 (2): 144–61. doi:doi:10.1177/1094670503257044.
  • Hawtrey, Kim, and Rutherford Johnson. 2009. “On the Atrophy of Moral Reasoning in the Global Financial Crisis.” Journal of Religion & Business Ethics 1 (2): 1–24.
  • Heath, M. Teresa Pereira, and Matthew Heath. 2008. “(Mis)Trust in Marketing: A Reflection on Consumers’ Attitudes and Perceptions.” Journal of Marketing Management 24 (9-10): 1025–39. doi:doi:10.1362/026725708X382037.
  • Hellwig, Martin. 2009. “Systemic Risk in the Financial Sector: An Analysis of the Subprime-Mortgage Financial Crisis.” De Economist 157 (2): 129–207. doi:doi:10.1007/s10645-009-9110-0.
  • Hill, Ronald Paul, and John C. Kozup. 2007. “Consumer Experiences with Predatory Practices.” The Journal of Consumer Affairs 41 (1): 29–46. doi:10.1111/j.1745-6606.2006.00067.x
  • Jensen, Michael C., and William H. Meckling. 1994. “The Nature of Man.” Journal of Applied Corporate Finance 7 (2): 4–19. doi:10.1111/j.1745-6622.1994.tb00401.x
  • Junglas, Iris, Chon Abraham, and Blake Ives. 2009. “Mobile Technology at the Frontlines of Patient Care: Understanding Fit and Human Drives in Utilization Decisions and Performance.” Decision Support Systems 46 (3): 634–47. doi: doi:10.1016/j.dss.2008.11.012.
  • Kiff, John, Andy Jobst, Michael Kisser, Jodi Scarlata, and Yoon Sook Kim. 2009. “Restarting Securitization Markets: Policy Proposals and Pitfalls.” Global Financial Stability Report, October 2009. Washington, DC: International Monetary Fund.
  • Kindleberger, Charles Poor. 1996. Manias, Panics, and Crashes: A History of Financial Crises. London: Palgrave Macmillan.
  • Krugman, Paul. 2009. “Reagan Did It.” New York Times. May 31, 2009. Available at www. nytimes.com/2009/06/01/opinion/01krugman.html. Accessed August 17, 2023.
  • Lawrence, Paul R. 2010. Driven to Lead: Good, Bad, and Misguided Leadership. San Francisco: Jossey-Bass.
  • Lawrence, Paul R., and Nitin Nohria. 2002. Driven: How Human Nature Shapes Our Choices. San Francisco: Jossey Bass.
  • Melé, Domènec. 2003. “The Challenge of Humanistic Management.” Journal of Business Ethics 44: 77–88. doi:10.1023/A:1023298710412
  • Meske, Christian, Iris Junglas, and Stefan Stieglitz. 2019. “Explaining the Emergence of Hedonic Motivations in Enterprise Social Networks and Their Impact on Sustainable User Engagement: A Four-Drive Perspective.” Journal of Enterprise Information Management 32 (3): 436–56. doi:doi:10.1108/JEIM-08-2018-0177.
  • Mesly, Olivier. 2010. “Voyage au Cœur de la Prédation Entre Vendeurs et Acheteurs: Une Nouvelle Théorie en Vente et Marketing” [Journey to the Heart of Predation Between Sellers and Buyers: A New Theory in Sales and Marketing]. Université de Sherbrooke, Canada.
  • Mesly, Olivier, David Shanafelt, Nicolas Huck, François-Eric Racicot. 2020. “From Wheel of Fortune to Wheel of Misfortune: Financial Crises, Cycles, and Predation.” Journal of Consumer Affairs 54 (4): 1195–1212. doi:10.1111/joca.12326
  • Mesly, Olivier. 2020. “Spinning: Zooming in on an Atypical Consumer Behavior.” Journal of Macromarketing 41 (2): 232–250. doi:10.1177/0276146720931909
  • Mesly, Olivier. 2021. “Buy Now and Pay (Dearly) Later: Unraveling Consumer Financial Spinning.” International Journal of Financial Studies 55 (9): 1–22. doi:10.3390/ijfs9040055
  • Miranda-Agrippino, Silvia, and Hélène Rey. 2015. “World Asset Markets and the Global Financial Cycle.” NBER Working Paper 21722. Cambridge: National Bureau of Economic Research.
  • Misangyi, Vilmos F., Gary R. Weaver, and Heather Elms. 2008. “Ending Corruption: The Interplay among Institutional Logics, Resources, and Institutional Entrepreneurs.” Academy of Management Review 33, no. 3 (July): 750–770. doi:doi:10.5465/AMR.2008.32465769.
  • Mongin, Philippe, and Claude d’Aspremont. 1998. “Utility Theory and Ethics.” In Handbook of Utility Theory, edited by Peter J. Hammond. Salvador Barberà and Christian Seidl. New York: Springer.
  • Obstfeld, Maurice, and Kenneth Rogoff. 2009. “Global Imbalances and the Financial Crisis: Products of common Causes.” Centre for Economic Policy Research Discussion Paper No. 7606.
  • O’Donnell, Edward, Michael L. Mallin, and Michael Y. Hu. 2008. “The Impact of Governance on the Development of Trust in Buyer-Seller Relationships.” Marketing Management Journal 18 (2): 76–92.
  • Ostry, Jonathan D., Atish R. Ghosh, Karl Habermeier, Marcos Chamon, Mahvash S. Qureshi, and Dennis B. S. Reinhardt. 2010. Capital Inflows: The Role of Controls. IMF Staff Position Note 10/04.
  • Pirson, Michael A. 2017. “In a Time of Global Upheaval- Humanistic Management Thinking Needed More Than Ever.” Humanistic Management Journal 1 (2): 155–157. doi:10.1007/s41463-017-0021-y
  • Portes, Richard. 2009. “Global Imbalances.” In Macroeconomic Stability and Financial Regulation: Key Issues for the G20, edited by Mathias Dewatripont, Xavier Freixas, and Richard Portes. London: Centre for Economic Policy Research.
  • Posner, Richard A. 2009. A Failure of Capitalism: The Crisis of ‘08 and the Descent into Depression. Cambridge, MA: Harvard University Press.
  • Prolific. Available at https://prolific.co/. Accessed January 15, 2022.
  • Priewe, Jan. 2010. “What went Wrong? Alternative Interpretations of the Global Financial Crisis.” In The Financial and Economic Crisis of 2008–2009 and Developing Countries, edited by S. Dullien, D. J. Kotte, A. Márquez, and J. Priewe, 17–52. United Nations Publication. ISBN 978-92-1-112818-5
  • Rajan, Raghuram. 2010. Fault Lines. Princeton: Princeton University Press.
  • Razin, Assaf, and Steven Rosefielde. 2011. “Currency and Financial Crises of the 1990s and 2000s.” CESifo Economic Studies 57 (3): 499–530. doi:10.1093/cesifo/ifr016
  • Reinhart, Carmen M., and Kenneth S. Rogoff. 2009. This Time is Different: Eight Centuries of Financial Folly. Princeton: Princeton University Press.
  • Ridley, Matt. 2003. Nature via Nurture: Genes, Experience, and What Makes Us Human. New York: HarperCollins.
  • Rutherford, Malcolm. 2018. “Market Deficiencies: From Veblen to Akerlof and Shiller.” Journal of Economic Issues 52 (4): 891–903. doi:10.1080/00213624.2018.1518546
  • Spraggon, Martin, and Virginia Bodolica. 2015. “Trust, Authentic Pride, and moral Reasoning: A Unified Framework of Relational Governance and Emotional Self-Regulation.” Business Ethics: A European Review 24 (3): 297–314. doi:10.1111/beer.12086
  • Taylor, John. B. 2007. “Housing and Monetary Policy.” NBER Working Paper Series 13682.
  • Taylor, John. B. 2009. “Economic Policy and the Financial Crisis: An Empirical Analysis of What Went Wrong.” Critical Review 20 (2–3): 341–64. doi:10.1080/08913810902974865
  • Tashakkori, Abbas, and Charles Teddlie (eds.). 2003. Handbook of Mixed Methods in Social and Behavioural Research. Thousand Oaks, CA: Sage.
  • West, Douglas, and Gerard P. Prendergast. 2009. “Advertising and Promotions Budgeting and the Role of Risk.” European Journal of Marketing 43 (11/12): 1457–1476. doi:10.1108/03090560910989984
  • White, William. R. 2009. “Should Monetary Policy ‘Lean or Clean’?” Federal Reserve Bank of Dallas Globalization and Monetary Policy Institute Working Paper No. 3.
  • Yadav, Seemant K, Vivek Agrawal, Utkal Khandelwal, and Vikas Tripathi. 2018. “Customer Satisfaction and Loyalty Relationship: The Mediating Role of Trust.” The IUP Journal of Marketing Management 17 (2): 38–57.
  • Yin, Robert K. 1997. “The Abridged Version of Case Study Research: Design and Method.” In Handbook of Applied Social Research Methods, edited by Leonard Beckman and Debra J. Rog. Thousand Oaks, CA: Sage Publications.
  • Zimnoch, Krystyna, and Barbara Mazur. 2018. “Humanistic and Economic Management – The Case of the Cooperatives of the Disabled in Poland.” Journal of Management and Change 36/37: 68–77.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.