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The impact of neo-brokers on the overconfidence bias of young retail investors in Germany
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| 1.72 MB | Adobe PDF |
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Orientador(es)
Resumo(s)
Neo-brokers play an essential role in the increase of young retail investors in Germany.
Providing commission-free, low-cost trading and an engaging user experience, neo-brokers
stimulate the investment behavior of young investors. By collecting data through an online
survey, the impact of neo-brokers in Germany on the overconfidence bias of young retail
investors will be examined. Setting up hierarchical binary logistic regression models, the study
finds that young retail investors trade more frequently when investing through neo-brokers.
However, there is no evidence that men trade more than women and thereby achieve lower
returns when using neo-brokers
Descrição
Palavras-chave
Fintech Trading Retail investors