Abstract
When does the general public lose trust in banks? We provide empirical evidence using responses by Dutch survey participants to eight hypothetical scenarios. We find that members of the general public care strongly about executive compensation. Negative media reports, falling stock prices, and opaque product information also affect trust in banks. Experiencing a bank bailout leads to less concern about government intervention, while experience of a bank failure leads to greater concern on bonuses.
| Original language | English |
|---|---|
| Pages (from-to) | 127-141 |
| Number of pages | 15 |
| Journal | Journal of Financial Services Research |
| Volume | 48 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 1 Oct 2015 |
| Externally published | Yes |
Bibliographical note
Publisher Copyright:© 2014, Springer Science+Business Media New York.
Keywords
- Banks
- Financial crisis
- General public
- Survey data
- Trust
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