Laudi, Marten; Smeets, Paul; Weitzel, Utz - 2021
(SRI). Yet, the impact of SRI mandates on consumers is unclear. In a pre-registered lab-in-the-field experiment with 345 … professional advisors, we find that advisors charge a premium to SRI clients that cannot be justified by higher effort, skill, or … costs. This suggests that advisors exploit the SRI preferences of their clients (who accept these higher fees). In an …