Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/298130 
Erscheinungsjahr: 
2023
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 684
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
We arranged for trained undercover men and women to pose as potential clients and visit all 65 local financial advisory firms in Hong Kong, China. At financial planning firms, but not at securities firms, women were more likely than men to receive advice to buy only individual or only local securities. Female clients who signaled that they were highly confident, highly risk tolerant, or had a domestic outlook, were especially likely to receive suboptimal advice. Our theoretical model explains these patterns as the result of statistical discrimination interacting with advisors' incentives. Taste-based discrimination is unlikely to explain the results. *
Schlagwörter: 
audit study
gender
financial advice
securities firm
financial planner
risk tolerance
confidence
geographic outlook
JEL: 
D14
D91
G11
G24
G41
Persistent Identifier der Erstveröffentlichung: 
Creative-Commons-Lizenz: 
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Dokumentart: 
Working Paper

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