VGSF - WU Vienna - LC

Tobin Hanspal, Vienna University of Economics and Business & VGSF

Campus WU D3.0.218 12:30 - 13:30

Organizer WU Vienna

The Fin­ance Brown Bag Sem­inar is held by the In­sti­tute for Fin­ance, Bank­ing and In­sur­ance (WU Vi­enna) and the Vi­enna Gradu­ate School of Fin­ance (VGSF). It serves as a present­a­tion plat­form for PhD stu­dents, fac­ulty mem­bers, and vis­it­ors. An over­view of BBS on the web­site of the In­sti­tute for Fin­ance, Bank­ing and In­sur­ance.

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To­bin Hanspal, Vi­enna Uni­versity of Eco­nom­ics and Busi­ness & VGSF

Edu­cat­ing In­vestors about Di­vidends

We edu­cate a sample of in­vestors about the be­ne­fits of di­vidend re­in­vest­ment and the costs as­so­ci­ated with mis­per­ceiv­ing di­vidends as ad­di­tional, free in­come. The in­ter­ven­tion causes in­vestors to up­ward ad­just planned di­vidend re­in­vest­ment. In the field, these in­vestors be­come more likely to re­in­vest their earned di­vidends into the same as­set or into pass­ive funds, re­l­at­ive to pre­vi­ously re­ceived di­vidends and a placebo treat­ment sample. In­vestors who stated that they learned the most from the in­ter­ven­tion up­dated their plans and field be­ha­vior by the largest ex­tent. Our study doc­u­ments that sim­ple, tar­geted, and fo­cused edu­ca­tional in­ter­ven­tions can af­fect down­stream in­vest­ment be­ha­vior.



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