Booth, G. Geoffrey; Dalgic, Orkunt M.; Kallunki, Juha-Pekka - In: Journal of Entrepreneurial Finance, JEF 12 (2007) 1, pp. 1-7
Stock brokers are entrepreneurs who incur switching costs when the change brokerage houses. We use Helsinki Stock Exchange data to investigate these costs by examining whether investors are loyal to their brokers when brokers move. We find that investors who have extant relationships with the...
