Understanding Financial Risk Tolerance: Institutional, Behavioral and Normative Dimensions
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer International Publishing AG
2022
|
| Ausgabe: | 1st ed |
| Schlagworte: | |
| Online-Zugang: | HWR01 |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (193 Seiten) |
| ISBN: | 9783031131318 |
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| 245 | 1 | 0 | |a Understanding Financial Risk Tolerance |b Institutional, Behavioral and Normative Dimensions |
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| 505 | 8 | |a Intro -- Preface -- Acknowledgments -- Contents -- About the Authors -- List of Figures -- List of Tables -- 1 Financial Risk Tolerance: Where Does It All Start From? -- 1 A Crossroad: Why Looking at Risk Tolerance? -- 1.1 The Economists' View -- 1.2 The Macroeconomic Perspective -- 1.3 The Regulator's View -- 2 Trends in Financial Risk Tolerance -- 2.1 Definitions of Risk Tolerance -- 2.2 Risk Tolerance Determinants -- 2.2.1 Socio-Demographic Factors -- 2.2.2 Economic Factors -- 2.2.3 Personality Psychology -- 2.3 Measurement Tools -- 2.3.1 Choice Dilemmas -- 2.3.2 Expected-Utility-Based Tools -- 2.3.3 Objective Measures -- 2.3.4 Heuristic Methods -- 2.3.5 Self-Reported/Subjective Risk Measures -- 2.3.6 Risk-Behavior Scales -- 3 Conclusions and Roadmap of the Book -- References -- 2 Risk Tolerance Tools: From Academia to Regulation and Back -- 1 The Market in Financial Instruments Directive (MiFID) and its Impact on Risk Tolerance Measurement -- 1.1 Introducing MiFID -- 1.1.1 A Brief History, Context, and Content -- 1.1.2 Classification of Clients, Disclosure Obligations, Assessment of Appropriateness and Suitability -- 1.2 MiFID and the Suitability Questionnaire -- 1.2.1 Questionnaire Overview -- 1.2.2 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 2 The Academic Debate After MiFID -- 2.1 Socio-Demographic Variables -- 2.2 Life Events -- 2.3 Behavioral and Personality Factors -- 2.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 3 The Market in Financial Instruments Directive 2 (MiFID2) -- 3.1 MiFID2, Context and Content -- 3.2 Suitability and MiFID2 -- 3.3 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 4 The Academic Debate After MiFID2 -- 4.1 Socio-Demographic Factors -- 4.2 Life Events -- 4.3 Behavioral and Personality Factors | |
| 505 | 8 | |a 4.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 5 Taking Stock and Looking at the Challenges Ahead -- References -- 3 Challenges and Opportunities in the Regulation of Financial Instruments Post-MiFID2-Sustainable Finance -- 1 Sustainable Finance in a Sustainable Union -- 1.1 Sustainable Development in the European Union Legislation -- 1.2 From Theory to Action: The EU Action Plan on Sustainable Development -- 1.3 Setting the Plan into Action -- 1.3.1 Goal 1-Re-Orienting Investment Toward Sustainable Finance -- 1.3.2 Goal 2-Sustainability in Risk Management -- 1.3.3 Goal 3-Fostering Transparency and Long-Termism -- 1.4 The Action Plan and Investor Protection: Taking Stock and Moving Forward -- 2 Investing in Sustainability-Investor Preferences, Risk Tolerance, and Investment Behavior -- 2.1 Sustainability Investment-Where Does Europe Stand? -- 2.2 Sustainable Investors-Who Are They and Why Do They Choose Sustainable Products? -- 2.2.1 Demographic Characteristics -- 2.2.2 Economic Reasons -- 2.2.3 Social Reasons -- 2.3 Are Sustainable Investors Biased? -- 2.3.1 Updating Information and the Role of the Past -- 2.3.2 The Disposition Effect and Emotions -- 3 Implications for Financial Risk Tolerance and Investment Choices -- References -- 4 The Digital Challenge: How Are New Technologies Shaping the Financial Industry? -- 1 The Technological Revolution of the Financial Services Industry -- 1.1 The Digitalization and Open Challenges -- 2 Fintech -- 2.1 A Definition -- 2.2 Fintech Users -- 2.3 Fintech Services -- 2.4 The Academic Point of View on Fintech -- 3 Open Banking and Open Finance -- 3.1 A Definition of Open Banking -- 3.2 The Evolution of Open Banking: Toward Open Finance -- 3.3 The Academic Point of View on Open Banking -- 4 Robo Advisory -- 4.1 A Definition of Robo-Advisory Services -- 4.2 Business Models for Robo Advisory | |
| 505 | 8 | |a 4.3 The Academic Point of View on Robo Advisory -- 5 The Regulatory Framework -- 5.1 The Payment Services Directive (PSD2) -- 5.2 The Revised Guidelines on Suitability by ESMA (2018) -- 6 Conclusions -- References -- 5 Challenges and Opportunities for the Future Investor: A Practitioner's Guide -- 1 The Survey -- 1.1 Some Reasons Why -- 1.2 Survey Structure and Participant Pool -- 1.2.1 General Information -- 1.2.2 The Sustainable-Finance Section -- 1.2.3 Robo Advisory and Open Finance -- 1.2.4 Socio-Demographic Characteristics -- 2 Survey Results -- 2.1 Participants Overview -- 2.2 Sustainable Finance -- 2.3 Robo Advisory and Open Finance -- 3 Final Discussion and Conclusions -- Appendix: The Questionnaire -- Index | |
| 650 | 4 | |a Financial risk management | |
| 700 | 1 | |a Gardenal, Gloria |e Sonstige |4 oth | |
| 700 | 1 | |a Amitrano, Giuseppe |e Sonstige |4 oth | |
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| contents | Intro -- Preface -- Acknowledgments -- Contents -- About the Authors -- List of Figures -- List of Tables -- 1 Financial Risk Tolerance: Where Does It All Start From? -- 1 A Crossroad: Why Looking at Risk Tolerance? -- 1.1 The Economists' View -- 1.2 The Macroeconomic Perspective -- 1.3 The Regulator's View -- 2 Trends in Financial Risk Tolerance -- 2.1 Definitions of Risk Tolerance -- 2.2 Risk Tolerance Determinants -- 2.2.1 Socio-Demographic Factors -- 2.2.2 Economic Factors -- 2.2.3 Personality Psychology -- 2.3 Measurement Tools -- 2.3.1 Choice Dilemmas -- 2.3.2 Expected-Utility-Based Tools -- 2.3.3 Objective Measures -- 2.3.4 Heuristic Methods -- 2.3.5 Self-Reported/Subjective Risk Measures -- 2.3.6 Risk-Behavior Scales -- 3 Conclusions and Roadmap of the Book -- References -- 2 Risk Tolerance Tools: From Academia to Regulation and Back -- 1 The Market in Financial Instruments Directive (MiFID) and its Impact on Risk Tolerance Measurement -- 1.1 Introducing MiFID -- 1.1.1 A Brief History, Context, and Content -- 1.1.2 Classification of Clients, Disclosure Obligations, Assessment of Appropriateness and Suitability -- 1.2 MiFID and the Suitability Questionnaire -- 1.2.1 Questionnaire Overview -- 1.2.2 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 2 The Academic Debate After MiFID -- 2.1 Socio-Demographic Variables -- 2.2 Life Events -- 2.3 Behavioral and Personality Factors -- 2.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 3 The Market in Financial Instruments Directive 2 (MiFID2) -- 3.1 MiFID2, Context and Content -- 3.2 Suitability and MiFID2 -- 3.3 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 4 The Academic Debate After MiFID2 -- 4.1 Socio-Demographic Factors -- 4.2 Life Events -- 4.3 Behavioral and Personality Factors 4.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 5 Taking Stock and Looking at the Challenges Ahead -- References -- 3 Challenges and Opportunities in the Regulation of Financial Instruments Post-MiFID2-Sustainable Finance -- 1 Sustainable Finance in a Sustainable Union -- 1.1 Sustainable Development in the European Union Legislation -- 1.2 From Theory to Action: The EU Action Plan on Sustainable Development -- 1.3 Setting the Plan into Action -- 1.3.1 Goal 1-Re-Orienting Investment Toward Sustainable Finance -- 1.3.2 Goal 2-Sustainability in Risk Management -- 1.3.3 Goal 3-Fostering Transparency and Long-Termism -- 1.4 The Action Plan and Investor Protection: Taking Stock and Moving Forward -- 2 Investing in Sustainability-Investor Preferences, Risk Tolerance, and Investment Behavior -- 2.1 Sustainability Investment-Where Does Europe Stand? -- 2.2 Sustainable Investors-Who Are They and Why Do They Choose Sustainable Products? -- 2.2.1 Demographic Characteristics -- 2.2.2 Economic Reasons -- 2.2.3 Social Reasons -- 2.3 Are Sustainable Investors Biased? -- 2.3.1 Updating Information and the Role of the Past -- 2.3.2 The Disposition Effect and Emotions -- 3 Implications for Financial Risk Tolerance and Investment Choices -- References -- 4 The Digital Challenge: How Are New Technologies Shaping the Financial Industry? -- 1 The Technological Revolution of the Financial Services Industry -- 1.1 The Digitalization and Open Challenges -- 2 Fintech -- 2.1 A Definition -- 2.2 Fintech Users -- 2.3 Fintech Services -- 2.4 The Academic Point of View on Fintech -- 3 Open Banking and Open Finance -- 3.1 A Definition of Open Banking -- 3.2 The Evolution of Open Banking: Toward Open Finance -- 3.3 The Academic Point of View on Open Banking -- 4 Robo Advisory -- 4.1 A Definition of Robo-Advisory Services -- 4.2 Business Models for Robo Advisory 4.3 The Academic Point of View on Robo Advisory -- 5 The Regulatory Framework -- 5.1 The Payment Services Directive (PSD2) -- 5.2 The Revised Guidelines on Suitability by ESMA (2018) -- 6 Conclusions -- References -- 5 Challenges and Opportunities for the Future Investor: A Practitioner's Guide -- 1 The Survey -- 1.1 Some Reasons Why -- 1.2 Survey Structure and Participant Pool -- 1.2.1 General Information -- 1.2.2 The Sustainable-Finance Section -- 1.2.3 Robo Advisory and Open Finance -- 1.2.4 Socio-Demographic Characteristics -- 2 Survey Results -- 2.1 Participants Overview -- 2.2 Sustainable Finance -- 2.3 Robo Advisory and Open Finance -- 3 Final Discussion and Conclusions -- Appendix: The Questionnaire -- Index |
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| id | DE-604.BV049408637 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T23:05:37Z |
| indexdate | 2024-07-10T10:06:17Z |
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| publisher | Springer International Publishing AG |
| record_format | marc |
| spelling | Cruciani, Caterina Verfasser aut Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions 1st ed Cham Springer International Publishing AG 2022 ©2022 1 Online-Ressource (193 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Intro -- Preface -- Acknowledgments -- Contents -- About the Authors -- List of Figures -- List of Tables -- 1 Financial Risk Tolerance: Where Does It All Start From? -- 1 A Crossroad: Why Looking at Risk Tolerance? -- 1.1 The Economists' View -- 1.2 The Macroeconomic Perspective -- 1.3 The Regulator's View -- 2 Trends in Financial Risk Tolerance -- 2.1 Definitions of Risk Tolerance -- 2.2 Risk Tolerance Determinants -- 2.2.1 Socio-Demographic Factors -- 2.2.2 Economic Factors -- 2.2.3 Personality Psychology -- 2.3 Measurement Tools -- 2.3.1 Choice Dilemmas -- 2.3.2 Expected-Utility-Based Tools -- 2.3.3 Objective Measures -- 2.3.4 Heuristic Methods -- 2.3.5 Self-Reported/Subjective Risk Measures -- 2.3.6 Risk-Behavior Scales -- 3 Conclusions and Roadmap of the Book -- References -- 2 Risk Tolerance Tools: From Academia to Regulation and Back -- 1 The Market in Financial Instruments Directive (MiFID) and its Impact on Risk Tolerance Measurement -- 1.1 Introducing MiFID -- 1.1.1 A Brief History, Context, and Content -- 1.1.2 Classification of Clients, Disclosure Obligations, Assessment of Appropriateness and Suitability -- 1.2 MiFID and the Suitability Questionnaire -- 1.2.1 Questionnaire Overview -- 1.2.2 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 2 The Academic Debate After MiFID -- 2.1 Socio-Demographic Variables -- 2.2 Life Events -- 2.3 Behavioral and Personality Factors -- 2.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 3 The Market in Financial Instruments Directive 2 (MiFID2) -- 3.1 MiFID2, Context and Content -- 3.2 Suitability and MiFID2 -- 3.3 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 4 The Academic Debate After MiFID2 -- 4.1 Socio-Demographic Factors -- 4.2 Life Events -- 4.3 Behavioral and Personality Factors 4.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 5 Taking Stock and Looking at the Challenges Ahead -- References -- 3 Challenges and Opportunities in the Regulation of Financial Instruments Post-MiFID2-Sustainable Finance -- 1 Sustainable Finance in a Sustainable Union -- 1.1 Sustainable Development in the European Union Legislation -- 1.2 From Theory to Action: The EU Action Plan on Sustainable Development -- 1.3 Setting the Plan into Action -- 1.3.1 Goal 1-Re-Orienting Investment Toward Sustainable Finance -- 1.3.2 Goal 2-Sustainability in Risk Management -- 1.3.3 Goal 3-Fostering Transparency and Long-Termism -- 1.4 The Action Plan and Investor Protection: Taking Stock and Moving Forward -- 2 Investing in Sustainability-Investor Preferences, Risk Tolerance, and Investment Behavior -- 2.1 Sustainability Investment-Where Does Europe Stand? -- 2.2 Sustainable Investors-Who Are They and Why Do They Choose Sustainable Products? -- 2.2.1 Demographic Characteristics -- 2.2.2 Economic Reasons -- 2.2.3 Social Reasons -- 2.3 Are Sustainable Investors Biased? -- 2.3.1 Updating Information and the Role of the Past -- 2.3.2 The Disposition Effect and Emotions -- 3 Implications for Financial Risk Tolerance and Investment Choices -- References -- 4 The Digital Challenge: How Are New Technologies Shaping the Financial Industry? -- 1 The Technological Revolution of the Financial Services Industry -- 1.1 The Digitalization and Open Challenges -- 2 Fintech -- 2.1 A Definition -- 2.2 Fintech Users -- 2.3 Fintech Services -- 2.4 The Academic Point of View on Fintech -- 3 Open Banking and Open Finance -- 3.1 A Definition of Open Banking -- 3.2 The Evolution of Open Banking: Toward Open Finance -- 3.3 The Academic Point of View on Open Banking -- 4 Robo Advisory -- 4.1 A Definition of Robo-Advisory Services -- 4.2 Business Models for Robo Advisory 4.3 The Academic Point of View on Robo Advisory -- 5 The Regulatory Framework -- 5.1 The Payment Services Directive (PSD2) -- 5.2 The Revised Guidelines on Suitability by ESMA (2018) -- 6 Conclusions -- References -- 5 Challenges and Opportunities for the Future Investor: A Practitioner's Guide -- 1 The Survey -- 1.1 Some Reasons Why -- 1.2 Survey Structure and Participant Pool -- 1.2.1 General Information -- 1.2.2 The Sustainable-Finance Section -- 1.2.3 Robo Advisory and Open Finance -- 1.2.4 Socio-Demographic Characteristics -- 2 Survey Results -- 2.1 Participants Overview -- 2.2 Sustainable Finance -- 2.3 Robo Advisory and Open Finance -- 3 Final Discussion and Conclusions -- Appendix: The Questionnaire -- Index Financial risk management Gardenal, Gloria Sonstige oth Amitrano, Giuseppe Sonstige oth Erscheint auch als Druck-Ausgabe Cruciani, Caterina Understanding Financial Risk Tolerance Cham : Springer International Publishing AG,c2022 9783031131301 |
| spellingShingle | Cruciani, Caterina Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions Intro -- Preface -- Acknowledgments -- Contents -- About the Authors -- List of Figures -- List of Tables -- 1 Financial Risk Tolerance: Where Does It All Start From? -- 1 A Crossroad: Why Looking at Risk Tolerance? -- 1.1 The Economists' View -- 1.2 The Macroeconomic Perspective -- 1.3 The Regulator's View -- 2 Trends in Financial Risk Tolerance -- 2.1 Definitions of Risk Tolerance -- 2.2 Risk Tolerance Determinants -- 2.2.1 Socio-Demographic Factors -- 2.2.2 Economic Factors -- 2.2.3 Personality Psychology -- 2.3 Measurement Tools -- 2.3.1 Choice Dilemmas -- 2.3.2 Expected-Utility-Based Tools -- 2.3.3 Objective Measures -- 2.3.4 Heuristic Methods -- 2.3.5 Self-Reported/Subjective Risk Measures -- 2.3.6 Risk-Behavior Scales -- 3 Conclusions and Roadmap of the Book -- References -- 2 Risk Tolerance Tools: From Academia to Regulation and Back -- 1 The Market in Financial Instruments Directive (MiFID) and its Impact on Risk Tolerance Measurement -- 1.1 Introducing MiFID -- 1.1.1 A Brief History, Context, and Content -- 1.1.2 Classification of Clients, Disclosure Obligations, Assessment of Appropriateness and Suitability -- 1.2 MiFID and the Suitability Questionnaire -- 1.2.1 Questionnaire Overview -- 1.2.2 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 2 The Academic Debate After MiFID -- 2.1 Socio-Demographic Variables -- 2.2 Life Events -- 2.3 Behavioral and Personality Factors -- 2.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 3 The Market in Financial Instruments Directive 2 (MiFID2) -- 3.1 MiFID2, Context and Content -- 3.2 Suitability and MiFID2 -- 3.3 Implementing the Directive: Empirical Evidence and Practitioners' Views -- 4 The Academic Debate After MiFID2 -- 4.1 Socio-Demographic Factors -- 4.2 Life Events -- 4.3 Behavioral and Personality Factors 4.4 Risk Tolerance: Stable Trait or Adaptive Feature? -- 5 Taking Stock and Looking at the Challenges Ahead -- References -- 3 Challenges and Opportunities in the Regulation of Financial Instruments Post-MiFID2-Sustainable Finance -- 1 Sustainable Finance in a Sustainable Union -- 1.1 Sustainable Development in the European Union Legislation -- 1.2 From Theory to Action: The EU Action Plan on Sustainable Development -- 1.3 Setting the Plan into Action -- 1.3.1 Goal 1-Re-Orienting Investment Toward Sustainable Finance -- 1.3.2 Goal 2-Sustainability in Risk Management -- 1.3.3 Goal 3-Fostering Transparency and Long-Termism -- 1.4 The Action Plan and Investor Protection: Taking Stock and Moving Forward -- 2 Investing in Sustainability-Investor Preferences, Risk Tolerance, and Investment Behavior -- 2.1 Sustainability Investment-Where Does Europe Stand? -- 2.2 Sustainable Investors-Who Are They and Why Do They Choose Sustainable Products? -- 2.2.1 Demographic Characteristics -- 2.2.2 Economic Reasons -- 2.2.3 Social Reasons -- 2.3 Are Sustainable Investors Biased? -- 2.3.1 Updating Information and the Role of the Past -- 2.3.2 The Disposition Effect and Emotions -- 3 Implications for Financial Risk Tolerance and Investment Choices -- References -- 4 The Digital Challenge: How Are New Technologies Shaping the Financial Industry? -- 1 The Technological Revolution of the Financial Services Industry -- 1.1 The Digitalization and Open Challenges -- 2 Fintech -- 2.1 A Definition -- 2.2 Fintech Users -- 2.3 Fintech Services -- 2.4 The Academic Point of View on Fintech -- 3 Open Banking and Open Finance -- 3.1 A Definition of Open Banking -- 3.2 The Evolution of Open Banking: Toward Open Finance -- 3.3 The Academic Point of View on Open Banking -- 4 Robo Advisory -- 4.1 A Definition of Robo-Advisory Services -- 4.2 Business Models for Robo Advisory 4.3 The Academic Point of View on Robo Advisory -- 5 The Regulatory Framework -- 5.1 The Payment Services Directive (PSD2) -- 5.2 The Revised Guidelines on Suitability by ESMA (2018) -- 6 Conclusions -- References -- 5 Challenges and Opportunities for the Future Investor: A Practitioner's Guide -- 1 The Survey -- 1.1 Some Reasons Why -- 1.2 Survey Structure and Participant Pool -- 1.2.1 General Information -- 1.2.2 The Sustainable-Finance Section -- 1.2.3 Robo Advisory and Open Finance -- 1.2.4 Socio-Demographic Characteristics -- 2 Survey Results -- 2.1 Participants Overview -- 2.2 Sustainable Finance -- 2.3 Robo Advisory and Open Finance -- 3 Final Discussion and Conclusions -- Appendix: The Questionnaire -- Index Financial risk management |
| title | Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions |
| title_auth | Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions |
| title_exact_search | Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions |
| title_exact_search_txtP | Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions |
| title_full | Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions |
| title_fullStr | Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions |
| title_full_unstemmed | Understanding Financial Risk Tolerance Institutional, Behavioral and Normative Dimensions |
| title_short | Understanding Financial Risk Tolerance |
| title_sort | understanding financial risk tolerance institutional behavioral and normative dimensions |
| title_sub | Institutional, Behavioral and Normative Dimensions |
| topic | Financial risk management |
| topic_facet | Financial risk management |
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