Quotation Huber, Christoph, Huber, Jürgen. 2020. Bad bankers no more? Truth-telling and (dis)honesty in the finance industry. Journal of Economic Behavior and Organization. 180 472-493.




Worries about unethical behavior are a recurring issue in the finance industry, which has inspired a number of recent studies. We contribute to this ongoing discussion by investigating preferences for truthfulness within the finance industry in a controlled experiment with 415 financial professionals (and 270 students as a control group). Participants have to report one of two numbers, of which one is true, the other false, where truth-telling is costly. In three main treatments we vary the situational context of subjects’ decisions (abstract, neutral, finance context) by applying differently framed instructions. We find that contexts matter for financial professionals: they act more honestly in a financial context and a neutral context than in an abstract situation, while for a control group we find no such differences. Further variations on the financial decision situation do not affect financial professionals’ honesty.


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Publication's profile

Status of publication Published
Affiliation External
Type of publication Journal article
Journal Journal of Economic Behavior and Organization
Citation Index SSCI
WU Journalrating 2009 A
WU-Journal-Rating new FIN-A, STRAT-A, VW-B, WH-A
Language English
Title Bad bankers no more? Truth-telling and (dis)honesty in the finance industry
Volume 180
Year 2020
Page from 472
Page to 493
Reviewed? Y
URL https://api.elsevier.com/content/article/PII:S0167268120303887?httpAccept=text/xml
DOI http://dx.doi.org/10.1016/j.jebo.2020.10.020
Open Access Y
Open Access Link https://doi.org/10.1016/j.jebo.2020.10.020


Huber, Christoph (Details)
Huber, Jürgen (University of Innsbruck, Austria)
Institute for Markets and Strategy IN (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5322 National/Political economy (Details)
5335 Political economic theory (Details)
5361 Financial management (Details)
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