{"id":"https://openalex.org/W1661454","doi":null,"title":"Bank Herding and Incentive Systems as Catalysts for the Financial Crisis","display_name":"Bank Herding and Incentive Systems as Catalysts for the Financial Crisis","publication_year":2010,"publication_date":"2010-03-25","ids":{"openalex":"https://openalex.org/W1661454","mag":"1661454"},"language":"en","primary_location":{"id":"pmh:oai:CiteSeerX.psu:10.1.1.463.8841","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.463.8841","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"https://www.scss.tcd.ie/Khurshid.Ahmad/Teaching/Behavioural_Finance/Papers/2010_Haiss_IUPJBehFin_Herding.pdf","raw_type":"text"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5072131053","display_name":"Peter R. Haiss","orcid":"https://orcid.org/0000-0001-9927-7891","observed_orcids":["https://orcid.org/0000-0001-9927-7891"]},"institutions":[{"id":"https://openalex.org/I102248843","display_name":"Vienna University of Economics and Business","ror":"https://ror.org/03yn8s215","country_code":"AT","type":"education","lineage":["https://openalex.org/I102248843"]}],"countries":["AT"],"is_corresponding":true,"raw_author_name":"Peter R. Haiss","raw_affiliation_strings":["WU Vienna University of Economics and Business","UniCredit Bank Austria"],"raw_orcid":"https://orcid.org/0000-0001-9927-7891","affiliations":[{"raw_affiliation_string":"WU Vienna University of Economics and Business","institution_ids":["https://openalex.org/I102248843"]},{"raw_affiliation_string":"UniCredit Bank Austria","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5072131053"],"corresponding_institution_ids":["https://openalex.org/I102248843"],"apc_list":null,"apc_paid":null,"fwci":3.3408,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.92601794,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":96},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9765999913215637,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9765999913215637,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14154","display_name":"finance, banking, and market dynamics","score":0.01489999983459711,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13074","display_name":"Global Financial Regulation and Crises","score":0.004800000227987766,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.7419999837875366},{"id":"https://openalex.org/keywords/incentive-mechanisms","display_name":"incentive mechanisms","score":0.6700000166893005},{"id":"https://openalex.org/keywords/banking-regulation","display_name":"banking regulation","score":0.5960000157356262},{"id":"https://openalex.org/keywords/behavioral-finance","display_name":"behavioral finance","score":0.906000018119812},{"id":"https://openalex.org/keywords/macroprudential-regulation","display_name":"macroprudential regulation","score":0.8379999995231628},{"id":"https://openalex.org/keywords/banking-supervision","display_name":"banking supervision","score":0.5709999799728394},{"id":"https://openalex.org/keywords/reward-systems","display_name":"reward systems","score":0.7329999804496765},{"id":"https://openalex.org/keywords/bank-decision-making","display_name":"bank decision-making","score":0.6650000214576721},{"id":"https://openalex.org/keywords/innovation-adoption","display_name":"innovation adoption","score":0.5260000228881836},{"id":"https://openalex.org/keywords/stakeholder-incentives","display_name":"stakeholder incentives","score":0.5609999895095825},{"id":"https://openalex.org/keywords/regulatory-economics","display_name":"regulatory economics","score":0.3889999985694885}],"concepts":[{"id":"https://openalex.org/C177605951","wikidata":"https://www.wikidata.org/wiki/Q1484503","display_name":"Herding","level":2,"score":0.8017327785491943},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.7974040508270264},{"id":"https://openalex.org/C2778012447","wikidata":"https://www.wikidata.org/wiki/Q1034415","display_name":"Scope (computer science)","level":2,"score":0.6082477569580078},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5585151314735413},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.5500284433364868},{"id":"https://openalex.org/C201305675","wikidata":"https://www.wikidata.org/wiki/Q852998","display_name":"Stakeholder","level":2,"score":0.5088050961494446},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.461592435836792},{"id":"https://openalex.org/C27502469","wikidata":"https://www.wikidata.org/wiki/Q906343","display_name":"Dysfunctional family","level":2,"score":0.4578302502632141},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32958051562309265},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3275657892227173},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.18273493647575378},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.08135554194450378},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.0},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.0},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C97137747","wikidata":"https://www.wikidata.org/wiki/Q38112","display_name":"Forestry","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C542102704","wikidata":"https://www.wikidata.org/wiki/Q183257","display_name":"Psychotherapist","level":1,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:CiteSeerX.psu:10.1.1.463.8841","doi":null,"is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.463.8841","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"https://www.scss.tcd.ie/Khurshid.Ahmad/Teaching/Behavioural_Finance/Papers/2010_Haiss_IUPJBehFin_Herding.pdf","raw_type":"text"},{"id":"mag:1661454","doi":null,"is_oa":false,"landing_page_url":"https://www.researchgate.net/profile/Peter_Haiss2/publication/228317479_Bank_Herding_and_Incentive_Systems_as_Catalysts_for_the_Financial_Crisis/links/0c96053b46b02a84e2000000.pdf","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"pmh:oai:research.wu.ac.at:openaire_cris_publications/bc4466f7-c499-406a-91a7-22338f33b436","doi":null,"is_oa":false,"landing_page_url":"https://research.wu.ac.at/de/publications/bc4466f7-c499-406a-91a7-22338f33b436","pdf_url":null,"source":{"id":"https://openalex.org/S7407055123","display_name":"WU Research","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Haiss, P 2010, 'Bank Herding and Incentive Systems as Catalysts for the Financial Crisis', Journal of Behavioral Finance.","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":96,"referenced_works":["https://openalex.org/W22994403","https://openalex.org/W46005648","https://openalex.org/W114313967","https://openalex.org/W605006329","https://openalex.org/W639586029","https://openalex.org/W1504573256","https://openalex.org/W1510724837","https://openalex.org/W1515246581","https://openalex.org/W1520082828","https://openalex.org/W1524113715","https://openalex.org/W1535066122","https://openalex.org/W1539659779","https://openalex.org/W1543602200","https://openalex.org/W1545915526","https://openalex.org/W1548768626","https://openalex.org/W1561300247","https://openalex.org/W1570959305","https://openalex.org/W1573257242","https://openalex.org/W1586423557","https://openalex.org/W1688129390","https://openalex.org/W1861548191","https://openalex.org/W1905691490","https://openalex.org/W1965898788","https://openalex.org/W1966114254","https://openalex.org/W1974921801","https://openalex.org/W1976215619","https://openalex.org/W1985727537","https://openalex.org/W1987454816","https://openalex.org/W1993663609","https://openalex.org/W1996700824","https://openalex.org/W1997399064","https://openalex.org/W1998330916","https://openalex.org/W2002859418","https://openalex.org/W2005724566","https://openalex.org/W2015918478","https://openalex.org/W2023137609","https://openalex.org/W2027125754","https://openalex.org/W2029056003","https://openalex.org/W2034309299","https://openalex.org/W2034722618","https://openalex.org/W2043633580","https://openalex.org/W2046417641","https://openalex.org/W2052976404","https://openalex.org/W2053280010","https://openalex.org/W2054770236","https://openalex.org/W2057227025","https://openalex.org/W2063760617","https://openalex.org/W2068120155","https://openalex.org/W2069485499","https://openalex.org/W2083148578","https://openalex.org/W2084050624","https://openalex.org/W2086045333","https://openalex.org/W2094657319","https://openalex.org/W2095169544","https://openalex.org/W2095907808","https://openalex.org/W2096365673","https://openalex.org/W2097152068","https://openalex.org/W2098320204","https://openalex.org/W2108985320","https://openalex.org/W2113844427","https://openalex.org/W2113931766","https://openalex.org/W2113966200","https://openalex.org/W2115747715","https://openalex.org/W2132783317","https://openalex.org/W2139751589","https://openalex.org/W2143409587","https://openalex.org/W2147849096","https://openalex.org/W2150397326","https://openalex.org/W2152150430","https://openalex.org/W2155870923","https://openalex.org/W2157509893","https://openalex.org/W2166422272","https://openalex.org/W2171525224","https://openalex.org/W2250522695","https://openalex.org/W2302221061","https://openalex.org/W2329395632","https://openalex.org/W2568767495","https://openalex.org/W2582377764","https://openalex.org/W2799088120","https://openalex.org/W2891054859","https://openalex.org/W2975308768","https://openalex.org/W3121220329","https://openalex.org/W3121759882","https://openalex.org/W3121898682","https://openalex.org/W3122873245","https://openalex.org/W3122965293","https://openalex.org/W3123641117","https://openalex.org/W3123940674","https://openalex.org/W3124023934","https://openalex.org/W3124663917","https://openalex.org/W3124697853","https://openalex.org/W3125039828","https://openalex.org/W3125197071","https://openalex.org/W3125246451","https://openalex.org/W3125754252","https://openalex.org/W4230986943"],"related_works":["https://openalex.org/W6889573336","https://openalex.org/W7098236161","https://openalex.org/W2277612696","https://openalex.org/W2102505964","https://openalex.org/W7045940519","https://openalex.org/W2114183349","https://openalex.org/W2188948357","https://openalex.org/W7100329292","https://openalex.org/W2754637230","https://openalex.org/W3124787423"],"abstract_inverted_index":{"Why":[0],"do":[1],"good":[2],"bankers":[3],"sometimes":[4],"respond":[5],"with":[6],"the":[7,18,27,30,41,51,88,92,102],"same":[8],"disastrous":[9],"strategies?":[10],"Rooted":[11],"in":[12,87],"regulatory":[13,93],"economics":[14],"and":[15,38,66,100,108],"behavioral":[16],"finance,":[17],"paper":[19,52],"offers":[20],"a":[21,36,44,84],"taxonomy":[22],"of":[23,29,50,69,98],"effects":[24],"that":[25,54,76],"narrows":[26],"scope":[28],"banks":[31,65,73],"\u2019":[32],"decision":[33,56,110],"making":[34],"into":[35,74],"funnel-shape":[37],"thus,":[39],"prepares":[40],"ground":[42],"for":[43],"financial":[45],"crisis.":[46],"The":[47],"basic":[48],"message":[49],"is":[53],"inconsistent":[55],"rules,":[57],"rigid":[58],"bank":[59],"regulations,":[60],"stakeholder-focused":[61],"incentive":[62],"structures":[63],"within":[64],"uncritical":[67],"adoption":[68],"innovations":[70],"may":[71],"force":[72],"decisions":[75],"are":[77],"micro-functional,":[78],"but":[79],"macro-dysfunctional.":[80],"Behavioral":[81],"aspects":[82],"play":[83],"key":[85],"role":[86],"suggested":[89],"remedies":[90],"on":[91,101],"side":[94,104],"(macroprudential":[95],"regulation,":[96],"supervision":[97],"incentives)":[99],"banking":[103],"(proper":[105],"reward":[106],"systems":[107],"structured":[109],"making)":[111],"to":[112],"re-establish":[113],"prudent":[114],"banking.":[115]},"counts_by_year":[{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":2},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-28T10:33:24.094632","created_date":"2016-06-24T00:00:00"}