David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Consumer driven and globally competitive financial markets are crucial for the future prosperity of the Finnish society (Laitamäki, Lehti and Paasio 1996). The largest transfer of wealth in history is currently taking place as Baby Boomers (born 1946-1964) prepare for their retirement and inherit the assets of the previous generation. Due to cognitive limitations and emotional biases these consumers don’t always make rational decisions with financial services. This conceptual study addresses irrational financial consumer behavior and its impact on the Finnish business and society. The study focuses on two research questions: 1) What type of behavioral finance concepts explain irrational consumer behavior? 2) What are the implications of these behaviors for the Finnish business and society? The purpose of this study is to assist individual consumers, business leaders and policy makers in making better financial services related decisions in Finland. The need for better decisions has been illustrated during Finnish and international financial crises including the US sub-prime loan turmoil in 2008
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Jonas Nilsson (2008). Investment with a Conscience: Examining the Impact of Pro-Social Attitudes and Perceived Financial Performance on Socially Responsible Investment Behavior. [REVIEW] Journal of Business Ethics 83 (2):307 - 325.
Tine Bock, Iris Vermeir & Patrick Kenhove (2013). “What's the Harm in Being Unethical? These Strangers Are Rich Anyway!” Exploring Underlying Factors of Double Standards. Journal of Business Ethics 112 (2):225-240.
Hollis Ashbaugh (2004). Ethical Issues Related to the Provision of Audit and Non-Audit Services: Evidence From Academic Research. [REVIEW] Journal of Business Ethics 52 (2):143-148.
Benjamin J. Richardson (2005). Corporate Finance and Environmentally Responsible Business. International Corporate Responsibility Series 2:79-100.
Mary C. LaForge (1989). Learned Helplessness as an Explanation of Elderly Consumer Complaint Behavior. Journal of Business Ethics 8 (5):359 - 366.
Krist Swimberghe, Laura A. Flurry & Janna M. Parker (2011). Consumer Religiosity: Consequences for Consumer Activism in the United States. [REVIEW] Journal of Business Ethics 103 (3):453-467.
Judith Schrempf & Guido Palazzo (2011). How to Create the Ethical Consumer. Proceedings of the International Association for Business and Society 22:532-543.
Bertrand Venard & Mohamed Hanafi (2008). Organizational Isomorphism and Corruption in Financial Institutions: Empirical Research in Emerging Countries. [REVIEW] Journal of Business Ethics 81 (2):481 - 498.
Johannes Brinkmann (2004). Looking at Consumer Behavior in a Moral Perspective. Journal of Business Ethics 51 (2):129-141.
Erdener Kaynak, Orsay Kucukemiroglu & Yavuz Odabasi (1992). Consumer Complaint Handling in an Advanced Developing Economy: An Empirical Investigation. [REVIEW] Journal of Business Ethics 11 (11):813-829.
Robert C. Erffmeyer, Bruce D. Keillor & Debbie Thorne LeClair (1999). An Empirical Investigation of Japanese Consumer Ethics. Journal of Business Ethics 18 (1):35 - 50.
Jih-Hsin Tang & Cheng-Kiang Farn (2005). The Effect of Interpersonal Influence on Softlifting Intention and Behaviour. Journal of Business Ethics 56 (2):149 - 161.
Jean-Michel Bonvin & Paul H. Dembinski (2002). Ethical Issues in Financial Activities. Journal of Business Ethics 37 (2):187 - 192.
Sorry, there are not enough data points to plot this chart.
Added to index2012-03-18
Total downloads1 ( #514,100 of 1,692,491 )
Recent downloads (6 months)1 ( #184,284 of 1,692,491 )
How can I increase my downloads?