The DOI matches its Crossref record; 4 of the 4 references it cites were found in a registry or an index.
Financial literacy and the demand for financial advice
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“Using data from a survey among the retail customers of Italy's largest bank, the authors empirically confirm the model predictions showing that financial literacy indeed appears to play a role when it comes to how people implement the advice which they receive from their advisors.”
From Financial literacy, financial advice, and financial behavior (2017) · cites this paper as Calcagno and Monticone (2015)
In the citing paper
“Consistent with the framework of Bucher-Koenen and Koenen (2015), the model predicts that the more financially sophisticated are more likely to consult with financial advisors because they anticipate that they will receive valuable information from their advisors.”
From Financial literacy, financial advice, and financial behavior (2017) · cites this paper as Calcagno and Monticone (2015)
In the citing paper
“However, once low literate individuals decide to seek the help of financial experts, they are more likely to delegate the decision-making entirely to the advisor.”
From Financial literacy, financial advice, and financial behavior (2017) · cites this paper as Calcagno and Monticone (2015)
Citations
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Cited by
Sorted by citations
Financial literacy, financial advice, and financial behavior
Stolper, O. A., & Walter, A. (2017) · Journal of Business Economics · doi:10.1007/s11573-017-0853-9 · Cited by 471
“, Calvet et al. 2007; Goetzmann and Kumar 2008; Guiso and Jappelli 2008; von Gaudecker 2015; Clark et al. 2015). 5.2.4 Investment performance The literature also documents a positive link between financial literacy and sound investment decisions. Calvet et al. (2007, 2009) show for investors in Sweden a positive corre…”
BackgroundInfluentialFinancial literacy, confidence and financial advice seeking
Kramer, M. M. (2016) · Journal of Economic Behavior & Organization · doi:10.1016/j.jebo.2016.08.016 · Cited by 257
“Our results are partly in line with Calcagno and Monticone (2015) who find that the propensity to delegate investment decisions reduces with approximately 20 percentage points when moving from the highest to the lowest degree of self-assessed literacy.”
BackgroundMethodResultInfluentialFinancial literacy and responsible finance in the FinTech era: capabilities and challenges
Panos, G. A., & Wilson, J. O. S. (2020) · European Journal of Finance · doi:10.1080/1351847x.2020.1717569 · Cited by 356
“Evidence suggests that the more financially literate have access to better financial information and financial advisors (Calcagno and Monticone, 2015; Stolper, 2018). findings confirm that fraud tactics are increasingly complex, and it is greater financial knowledge rather than basic money…”
BackgroundRobo-advisors: A substitute for human financial advice?
Brenner, L., & Meyll, T. (2020) · Journal of Behavioral and Experimental Finance · doi:10.1016/j.jbef.2020.100275 · Cited by 183
Financial literacy and participation in the derivatives markets
Hsiao, Y., & Tsai, W. (2017) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2017.11.006 · Cited by 198
“3 Examples include Cole et al. (2011), Jappelli and Padula (2013), Calcagno and Monticone (2015), Jappelli and Padula (2015) and Finke et al. (2016) . https://doi.org/10.1016/j.jbankfin.2017.11.006 0378-4266/© 2017 Elsevier B.V.”
Influential
Metadata
- Authors
- Calcagno, R., & Monticone, C.
- Affiliations
- École de management de Lyon (FR)
- Organisation de Coopération et de Développement Economiques (FR)
- Corresponding author
- Calcagno, Riccardo
- ORCID
- Calcagno, Riccardo
- Venue
- Journal of Banking & Finance
- Publisher
- Elsevier BV
- Published
- 2015-01
- Volume
- 50
- Pages
- 363-380
- ISSN
- 0378-4266 (ISSN-L)
- OpenAlex
- W3121847051
- Cited by
- 345
- References
- 0
- Citations by year
- 2026: 28 · 2025: 45 · 2024: 28 · 2023: 44 · 2022: 32 · 2021: 39 · 2020: 43 · 2019: 24 · 2018: 17 · 2017: 15 · 2016: 11 · 2015: 14
- FWCI
- 59.52
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Banking & Finance (publishedVersion)
- HAL (submittedVersion)
- PORTO@Iris (submittedVersion)
- Funders
- CeRP/CCA
- Topics
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy and Behavior
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Keywords
- financial literacy, financial advice, conflicts of interest, portfolio optimization, risky asset investment, delegation, strategic interaction, household investors
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