Hidden Consequences of Consumer Protection on the Financial Market: Regulation-introduced Bias
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F04274644%3A_____%2F24%3A%230001133" target="_blank" >RIV/04274644:_____/24:#0001133 - isvavai.cz</a>
Result on the web
<a href="https://pep.vse.cz/pdfs/pep/2024/03/05.pdf" target="_blank" >https://pep.vse.cz/pdfs/pep/2024/03/05.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.18267/j.pep.862" target="_blank" >10.18267/j.pep.862</a>
Alternative languages
Result language
angličtina
Original language name
Hidden Consequences of Consumer Protection on the Financial Market: Regulation-introduced Bias
Original language description
This paper deals with the problem of how the risk perception among retail customers is affected by the consumer protection regulation on the financial market. Through a questionnaire survey, we have measured the effect ofselected consumer protection measures on banking or investment decisions taken by a young (student) population. These measures included the most common elements of financial regulation, such as bank deposit insurance, corporate bond prospectus, licenced fund management and securities broker indemnity insurance. Our results show that protective state intervention represents strong stimuli for customer decision-making with a widely misleading effect. It overshadows other factors, including individual qualification, risk-reward preference and demographic attributes, all of which were found to be insignificant. Since the surveyed measures reached a similar level of effect yet they offer different substance, this outcome has important policymaking implications.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Prague Economic Papers
ISSN
1210-0455
e-ISSN
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Volume of the periodical
33
Issue of the periodical within the volume
3
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
43
Pages from-to
277-318
UT code for WoS article
001258858000002
EID of the result in the Scopus database
2-s2.0-85198101060