eprintid: 10153738
rev_number: 7
eprint_status: archive
userid: 699
dir: disk0/10/15/37/38
datestamp: 2022-08-16 12:06:51
lastmod: 2022-08-16 12:06:51
status_changed: 2022-08-16 12:06:51
type: article
metadata_visibility: show
sword_depositor: 699
creators_name: Sobolev, Daphne
title: The Price of Happiness: Traders’ Experiences of Work in Investment Banks
ispublished: pub
divisions: C05
divisions: F49
divisions: B04
divisions: UCL
keywords: Trader; Investment bank;
Pay; Ethics; Job satisfaction
note: © 2022 The Author(s). Published with license by Taylor and Francis Group, LLC
This is an Open Access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives License (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is properly cited, and is not altered, transformed, or built upon in any way.
abstract: Work experiences, conceptualized as work attitudes, influence employees’ turnover and performance. Therefore, it is essential for investment banks to understand the determinants of traders’ work experience. Analyzing traders’ reviews of major investment banks, this study shows that traders’ attitudes depend on the banks’ culture, traders’ career opportunities, and, to a lesser extent, their pay perceptions. Furthermore, traders are often happy with their coworkers but dissatisfied with their banks’ technology, bureaucracy, ethics, and their work-life balance. Hence, this study identifies non-monetary determinants of traders’ work attitudes, extends behavioral finance research, and offers applications for investment banks as well as their shareholders.
date: 2022-07-25
date_type: published
publisher: Informa UK Limited
official_url: https://doi.org/10.1080/15427560.2022.2100385
oa_status: green
full_text_type: pub
language: eng
primo: open
primo_central: open_green
verified: verified_manual
elements_id: 1970119
doi: 10.1080/15427560.2022.2100385
lyricists_name: Sobolev, Daphne
lyricists_id: DSOBO64
actors_name: Sobolev, Daphne
actors_id: DSOBO64
actors_role: owner
full_text_status: public
publication: Journal of Behavioral Finance
pagerange: -e
citation:        Sobolev, Daphne;      (2022)    The Price of Happiness: Traders’ Experiences of Work in Investment Banks.                   Journal of Behavioral Finance     -e.    10.1080/15427560.2022.2100385 <https://doi.org/10.1080/15427560.2022.2100385>.       Green open access   
 
document_url: https://discovery.ucl.ac.uk/id/eprint/10153738/1/The%20Price%20of%20Happiness%20Traders%20Experiences%20of%20Work%20in%20Investment%20Banks.pdf