Business Model of Sustainable Robo-Advisors: Empirical Insights for Practical Implementation
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F21%3A00123085" target="_blank" >RIV/00216224:14560/21:00123085 - isvavai.cz</a>
Result on the web
<a href="https://www.mdpi.com/2071-1050/13/23/13009" target="_blank" >https://www.mdpi.com/2071-1050/13/23/13009</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3390/su132313009" target="_blank" >10.3390/su132313009</a>
Alternative languages
Result language
angličtina
Original language name
Business Model of Sustainable Robo-Advisors: Empirical Insights for Practical Implementation
Original language description
The given research paper examines the characteristics of German private investors regarding the probability of using robo-advisory-services. The used data set was gathered for this purpose (N = 305) to address the research question by using a logistic regression approach. The presented logit regression model results indicate that the awareness of sustainable aspects make a significant difference in the probability of using a sustainable robo-service. Additionally, our findings show that being male and cost-aware are positively associated with the use of a sustainable robo-advisor. Furthermore, the probability of use is 1.53 times higher among young and experienced investors. The findings in this paper provide relevant research findings for banks, asset managers, FinTechs, policy makers and financial practitioners to increase the adoption rate of robo-advice by introducing a sustainable offering.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Sustainability
ISSN
2071-1050
e-ISSN
2071-1050
Volume of the periodical
13
Issue of the periodical within the volume
23
Country of publishing house
CH - SWITZERLAND
Number of pages
12
Pages from-to
1-12
UT code for WoS article
000734551700001
EID of the result in the Scopus database
2-s2.0-85119985309