Date: 24 April, Thursday
Time: 17.30 – 18.30
Place: MA-330
“Cryptocurrency ownership”
by
Manju Puri
Duke University
Abstract
We report results from a large-scale survey of American households to better understand the nature and drivers of cryptocurrency ownership. The sample includes 1,774 individuals on which data is gathered by the Survey Research Center at the Institute for Social Research, University of Michigan. We obtain data on crypto ownership and ownership intent alongside a comprehensive suite of attributes. Crypto ownership is related to several variables including demographics, psychological traits and attitudes measured through psychometric tests, literacy, gambling preferences, financial participation and decision-making, political views, and other potential enablers such as regulations, trust, more widespread usage including by different institutions. We discuss the implications for crypto regulation and policy.
Bio
Manju Puri is the J. B. Fuqua Professor at the Fuqua School of Business, Duke University. Prior to Joining Fuqua, Professor Puri was an Associate Professor of Finance at Stanford Business School, which she joined after earning her Ph.D in finance at New York University and MBA from the Indian Institute of Management, Ahmedabad. Professor Puri has expertise in the field of empirical corporate finance and, in particular, financial intermediation. Her work spans the areas of commercial banks, investment banks, venture capital, entrepreneurship, behavioral finance, and FinTech. Her work on banking examines both traditional forms of banking, relationship banking as well as new developments such as the rise of payment firms, Buy Now Pay Later, the use of digital footprints in credit by fintechs, and implications for financial inclusion. Her research has appeared in publications such as American Economic Review, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. She has been the recipient of the Sloan Research Fellowship as well as multiple awards from the National Science Foundation. Her publication record includes over 30 refereed papers in the top finance and economic journals. Her research has won many awards including four best paper awards at the FMA Annual Meetings, two Western Finance Association best paper awards, an All-Star award from Journal of Financial Economics, the Brennan best paper award at the Review of Financial Studies, and three Fama-DFA /Jenson best paper awards in the Journal of Financial Economics. Professor Puri serves as Editor of Review of Financial Studies.