Arbeitspapier
Do Professional Norms in the Banking Industry Favor Risk-taking?
In recent years, the banking industry has witnessed several cases of excessive risk-taking that frequently have been attributed to problematic professional norms. We conduct experiments with employees from several banks in which we manipulate the saliency of their professional identity and subsequently measure their risk aversion in a real stakes investment task. If bank employees are exposed to professional norms that favor risk-taking, they should become more willing to take risks when their professional identity is salient. We find, however, that subjects take significantly less risk, challenging the view that the professional norms generally increase bank employees’ willingness to take risks.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 6398
- Klassifikation
-
Wirtschaft
Corporate Culture; Diversity; Social Responsibility
Field Experiments
- Thema
-
risk culture
banking industry
experiment
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cohn, Alain
Fehr, Ernst
Maréchal, Michel André
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 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.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Cohn, Alain
- Fehr, Ernst
- Maréchal, Michel André
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2017
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