Prosociality and risk preferences in the financial sector

Arbeitspapier

Using large-scale data from the German Socio-Economic Panel (SOEP), this paper finds that financial professionals have a lower prosociality and riskier behavior than a control group. I interpret these findings using the person-organization fit theory, and thus, the compatibility between the employee's personality and the prevailing culture in their organization. The financial sector attracts riskier individuals, but professionals become less prosocial in the sector. These attitudes are associated with behavioral consequences, and are mainly driven by male professionals in lower management.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: SOEPpapers on Multidisciplinary Panel Data Research ; No. 1075

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Altruism; Philanthropy; Intergenerational Transfers ; Criteria for Decision-Making under Risk and Uncertainty ; General Equilibrium and Disequilibrium: Financial Markets ; Micro-Based Behavioral Economics: General‡
• Thema: prosocial motivation ; risk ; financial sector ; selection ; socialization

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Deter, Max
• Ereignis: Veröffentlichung
• (wer): Deutsches Institut für Wirtschaftsforschung (DIW)
• (wo): Berlin
• (wann): 2020

Weitere Informationen

• Handle: http://hdl.handle.net/10419/214798
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ