Conflict of Interest, Disclosure and Vertical Relationships: An Experimental Analysis
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Chen, Paul; Richardson, Martin
Description
Vertical integration in providing financial products and advice is not uncom-mon. We conduct an experiment in which a financial advisor recommendsto a client one of two potential assets to purchase and an asset purchase price.In one setting, the players’ incentives are aligned. In another, a conflict ofinterest exists with the advisor’s remuneration favouring one particular asset.We find that conflict influences the advisor’s asset recommendation awayfrom the asset that would better serve the...[Show more]
Collections | ANU Research Publications |
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Date published: | 2019 |
Type: | Journal article |
URI: | http://hdl.handle.net/1885/206264 |
Source: | Economic Papers |
DOI: | 10.1111/1759-3441.12245 |
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File | Description | Size | Format | Image |
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01_Chen_Conflict_of_Interest%2C_2019.pdf | 160.17 kB | Adobe PDF | Request a copy |
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