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Publication type: Article in scientific journal
Type of review: Peer review (publication)
Title: Is there Swissness in investment decision behavior and investment competence?
Authors: Bachmann, Kremena
Hens, Thorsten
DOI: 10.21256/zhaw-3502
Published in: Financial Markets and Portfolio Management
Volume(Issue): 30
Issue: 3
Pages: 233
Pages to: 275
Issue Date: 2016
Publisher / Ed. Institution: Springer
ISSN: 1934-4554
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 (
Fulltext version: Published version
License (according to publishing contract): Licence according to publishing contract
Restricted until: 2022-01-01
Departement: School of Management and Law
Organisational Unit: Institute of Wealth & Asset Management (IWA)
Appears in Collections:Publikationen School of Management and Law

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