Arbeitspapier

Trust, trustworthiness and selection into the financial industry

We examine trust and trustworthiness of individuals with varying professional preferences and experiences. Our subjects study business and economics in Frankfurt, the financial center of Germany and continental Europe. In the trust game, subjects with a high interest in working in the financial industry return 25 percent less than subjects with a low interest. We find no evidence that the extent of professional experience in the financial industry has a negative impact on trustworthiness. We also do not find any evidence that the financial industry screens out less trustworthy individuals in the hiring process. In a prediction game that is strategically equivalent to the trust game, the amount sent by first-movers was significantly smaller when the second-mover indicated a high interest in working in finance. These results suggest that the financial industry attracts less trustworthy individuals, which may contribute to the current lack of trust in its employees.

Sprache
Englisch

Erschienen in
Series: CFS Working Paper ; No. 458

Klassifikation
Wirtschaft
Thema
Trust
Trustworthiness
Selection
Financial Industry

Ereignis
Geistige Schöpfung
(wer)
Gill, Andrej
Heinz, Matthias
Schumacher, Heiner
Ereignis
Veröffentlichung
(wer)
Goethe University Frankfurt, Center for Financial Studies (CFS)
(wo)
Frankfurt a. M.
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:45 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Gill, Andrej
  • Heinz, Matthias
  • Schumacher, Heiner
  • Goethe University Frankfurt, Center for Financial Studies (CFS)

Entstanden

  • 2014

Ähnliche Objekte (12)