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Credit counseling : a substitute for consumer financial literacy?

Disney, Richard; Gathergood, John; Weber, Jörg - 2014

Is financial literacy a substitute or complement for financial advice? In this paper we analyze the decision by consumers to seek financial advice in the form of credit counseling concerning their credit and debt. Credit counseling is an important component of the consumer credit sector for...

Persistent link: https://www.econbiz.de/10010429152

Switching from commissions on mutual funds to flat-fees : how are advisory clients affected?

Meyer, Steffen; Uhr, Charline; Loos, Benjamin; … - In: Journal of economic behavior & organization : JEBO 209 (2023), pp. 423-449

Persistent link: https://www.econbiz.de/10014423496

Gender differences in financial advice

Bucher-Koenen, Tabea; Hackethal, Andreas; Koenen, Johannes - 2021

We show that financial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recom-mended to women have higher expense ratios controlling for risk, and women less often receive rebates on...

Persistent link: https://www.econbiz.de/10012603376

Gender differences in financial advice

Bucher-Koenen, Tabea; Hackethal, Andreas; Koenen, Johannes - 2021

We show that financial advisors recommend more costly products to female clients, based on minutes from about 27,000 real-world advisory meetings and client portfolio data. Funds recommended to women have higher expense ratios controlling for risk, and women less often receive rebates on upfront...

Persistent link: https://www.econbiz.de/10012436476

Get in with a foreigner : consumer trust in domestic and foreign banks

Bönte, Werner; Filipiak, Ute; Lombardo, Sandro - 2015

Prior research suggests that trust plays an important role for individuals' participation in stock markets. This paper … focuses on potential customers in retail banking markets and empirically investigates their trust in foreign banks and … in India are less likely to trust foreign banks with their money than Indian private banks. However, our results also …

Persistent link: https://www.econbiz.de/10011287168

Get in with a foreigner : consumer trust in domestic and foreign banks

Bönte, Werner; Filipiak, Ute; Lombardo, Sandro - 2016

Prior research suggests that trust plays an important role in an individual's decision to participate in stock markets …. This paper focuses on potential customers in retail banking markets and empirically investigates their trust in foreign … banking customers in India are less likely to trust foreign banks with their money than private Indian banks. However, our …

Persistent link: https://www.econbiz.de/10011539928

ONCE BITTEN, TWICE SHY: EXPERIENCES OF A BANKING CRISIS AND EXPECTATIONS OF FUTURE CRISES

Mudd, Shannon; Valev, Neven - William Davidson Institute, University of Michigan - 2009

Survey data from Bulgaria show that people who had experienced a loss during a banking crisis are significantly more likely to expect a new crisis. This result holds despite 12 years between the earlier crisis and the survey, and the dramatically improved performance of the financial sector and...

Persistent link: https://www.econbiz.de/10008529023

Trust, sociability and stock market participation

Georgarakos, Dimitris; Pasini, Giacomo - 2009

We investigate the effects of both trust and sociability for stock market participation, the role of which has been …, Ageing and Retirement in Europe supplemented with regional information on generalized trust from the World Value Survey and … on specific trust to financial institutions from Eurobarometer. We show that trust and sociability have distinct and …

Persistent link: https://www.econbiz.de/10010303716

Trust, sociability and stock market participation

Georgarakos, Dimitris; Pasini, Giacomo - Center for Financial Studies - 2009

Persistent link: https://www.econbiz.de/10010958583

The cost of steering in financial markets : evidence from the mortgage market

Gambacorta, Leonardo; Guiso, Luigi; Mistrulli, Paolo Emilio - 2019

Persistent link: https://www.econbiz.de/10012144577