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Izvorni znanstveni članak

https://doi.org/10.1080/1331677X.2021.2013278

Mismatch between investor preferences and financial services/products

Geran Tian
Weixing Wu


Puni tekst: engleski pdf 2.118 Kb

verzije

str. 4437-4456

preuzimanja: 81

citiraj


Sažetak

In a major peer-to-peer (P.2.P.) lending market in China, we
observe that some investors choose not to use auto-investment
service and stick to time-consuming manual investment. By analysing over 200 million pieces of data, we find that the do-it-yourself (D.I.Y.) investors pursue 1.20% higher annual return and five
to seven months shorter maturity than the auto-investment service can offer. Indeed, D.I.Y. investors obtained 1.25% higher
return than auto-investors, but they also took excessive risk.
These results are confirmed by dual investors sample, who switch
between D.I.Y. and auto-investment services. We also show that
the results are not due to algorithm priority. We suggest that
financial institutions provide more personalized services and products to accommodate investors with various target returns and
risk attitudes.

Ključne riječi

peer-to-peer lending (P.2.P.); investor behaviour; financial service; financial participation

Hrčak ID:

302709

URI

https://hrcak.srce.hr/302709

Datum izdavanja:

31.3.2023.

Posjeta: 175 *