The influence of regional gambling on financial advisor misconduct in the United States
Bibliographic Data
| ID | 10408229 |
|---|---|
| Authors | Yan Zhu (0000-0002-4955-2880, Massey University), Yunzhe Zhu (Massey University), Jiali Fang (0000-0002-1537-4334, Massey University), Hung T Nguyen (0000-0002-8564-7529, Massey University, corresponding author), Mia Hang Pham (0000-0002-2304-0713, Massey University) |
| Year | 2025 |
| Volume | 59 |
| Issue | 1 |
| Publication date | 2025-01-31 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Regional Studies (JOURNAL) |
| Journal identifiers | ISSN: 0034-3404 • E-ISSN: 1360-0591 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/00343404.2024.2442006 |
| OpenAlex | W4407040580 |
| Language | EN |
| Citations received | 1 |
| References cited | 61 |
This study examines whether regional gambling attitudes influence financial advisor misconduct in the United States. Using a sample of more than 2.5 million advisor–year observations, we find that financial advisors and financial advisory firms operating in areas with high local gambling preferences are more likely to engage in misconduct. In-depth analyses at both the individual and firm levels, employing alternative measures of local gambling preference, different estimation models and instrumental variable approaches, confirm this finding. Our findings shed light on the role of regional gambling in shaping unethical financial conduct, offering valuable insights for practitioners and regulators
Business · Economics · Misconduct · Political science · Regional development · Regional science · Regional studies · Sociology · Finance · Financial Literacy, Pension, Retirement Analysis · Gambling Behavior and Treatments · Insurance and Financial Risk Management · Law
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| Citations per year | 1 |
|---|---|
| Citation span | 2026 - 2026 (1) |
| Highly cited | No |