Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-3502
Title: Is there Swissness in investment decision behavior and investment competence?
Authors : Bachmann, Kremena
Hens, Thorsten
Published in : Financial Markets and Portfolio Management
Volume(Issue) : 30
Issue : 3
Pages : 233
Pages to: 275
Publisher / Ed. Institution : Springer
Issue Date: 2016
License (according to publishing contract) : Licence according to publishing contract
Type of review: Peer review (Publication)
Language : English
Subject (DDC) : 332.6: Investment
Abstract: Based on a large international survey, we analyze how German-, French-, and Italian-speaking residents of Switzerland differ in their investment decision behavior and investment competence compared to their closest neighbors abroad who speak the same language. Although language may be closer to the individual self than country of residence, we find that there are greater similarities in the decision behavior of residents of Switzerland speaking different languages than there are between these and their linguistically closest neighbors abroad. These similarities hold also for the ability to avoid investment mistakes, which is stronger in all Swiss regions compared to the linguistically closest regions abroad. The Swissness in investment competence is more likely to be emotionally than knowledge driven and is associated with regional differences in the relationships with investment advisors.
Further description : Erworben im Rahmen der Schweizer Nationallizenzen (http://www.nationallizenzen.ch)
Departement: 
Organisational Unit: Institute of Wealth and Asset Management (IWA)
Publication type: Article in scientific Journal
DOI : 10.1007/s11408-016-0274-8
10.21256/zhaw-3502
ISSN: 1934-4554
2373-8529
URI: https://digitalcollection.zhaw.ch/handle/11475/2539
Restricted until : 2022-01-01
Appears in Collections:Publikationen School of Management and Law

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