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Conflicted financial advice: disclosure revisited

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Date

2017-08-30

Authors

Chen, Paul
Richardson, Martin

Journal Title

Journal ISSN

Volume Title

Publisher

Routledge, Taylor & Francis Group

Abstract

We examine the impact of disclosing an advisor’s conflict of interest in providing financial advice to a client in an experiment. We find that an advisor’s conflict of interest harms the client and that disclosing the conflict harms the advisor. Unlike earlier literature, we do not find that disclosure of the advisor’s conflict of interest results in moral licensing or strategic exaggeration behaviour by the advisor nor, relatedly, that disclosure disadvantages the client.

Description

Keywords

Conflict of interest, disclosure, financial advice, experiment

Citation

Paul Chen & Martin Richardson (2018) Conflicted financial advice: disclosure revisited, Applied Economics Letters, 25:12, 826-829, DOI: 10.1080/13504851.2017.1368984

URI

http://hdl.handle.net/1885/206288

Collections

ANU Research Publications

Source

Applied Economics Letters

Type

Journal article

Book Title

Entity type

Access Statement

License Rights

DOI

10.1080/13504851.2017.1368984

Restricted until

2037-12-31

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01_Chen_Conflicted_financial_advice%3A_2018.pdf (801.6 KB)

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