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Robo-financial advisors: Trust, culture, and acceptance
Mid Sweden University, Faculty of Human Sciences, Department of Economics, Geography, Law and Tourism. (Centre for research on Economic Relations)ORCID iD: 0000-0002-3321-3366
2021 (English)In: 2021 Royal Bank International Research Seminar, At: Virtual Conference by the John Molson School of Business, Concordia University, September 24-25, 2021, Montreal, Canada. / [ed] Michel Laroche, 2021Conference paper, Oral presentation with published abstract (Other academic)
Abstract [en]

Robo-financial advisors (RFAs) represent an emerging solution for retail investors, particularly for young retail investors (YRIs) who lack financial knowledge and search for reasonable-price financial advice. Yet, a limited number of studies has investigated how YRIs build trust toward RFAs and related acceptance matters. There is another neglected area, which is whether RFAs model succeeds in marketing services in a similar way universally, or should the cultural dimensions be taken into consideration. To address this, the current study borrows initial trust perspective from the management discipline and utilize it to alter a theory from information system discipline, i.e. the unified theory of acceptance and use of technology. This combination produces a conceptual model. Thereafter, the study tests this framework in two different cultures, i.e. Malaysia and Sweden. The results indicated that, in Malaysia and Sweden, trust propensity, performance expectancy, and hedonic motivation address the initial trust in RFAs, which in turn drives behavioural intention to use this technology.

Place, publisher, year, edition, pages
2021.
Keywords [en]
Robo-financial advisors; Unified theory of use and acceptance technology; Cultural moderators; initial trust; young retail investors
National Category
Business Administration
Identifiers
URN: urn:nbn:se:miun:diva-43527OAI: oai:DiVA.org:miun-43527DiVA, id: diva2:1605448
Conference
2021 Royal Bank International Research Seminar, At: Virtual Conference by the John Molson School of Business, Concordia University, September 24-25, 2021, Montreal, Canada.
Available from: 2021-10-24 Created: 2021-10-24 Last updated: 2021-11-25Bibliographically approved

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Nourallah, Mustafa

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CiteExportLink to record
Permanent link

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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf