Sobolev, Daphne;
(2022)
The Price of Happiness: Traders’ Experiences of Work in Investment Banks.
Journal of Behavioral Finance
-e.
10.1080/15427560.2022.2100385.
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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.
| Type: | Article |
|---|---|
| Title: | The Price of Happiness: Traders’ Experiences of Work in Investment Banks |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1080/15427560.2022.2100385 |
| Publisher version: | https://doi.org/10.1080/15427560.2022.2100385 |
| Language: | English |
| Additional information: | © 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. |
| Keywords: | Trader; Investment bank; Pay; Ethics; Job satisfaction |
| UCL classification: | UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management UCL > Provost and Vice Provost Offices > UCL BEAMS UCL |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10153738 |
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