Death of a Salesman’s Manager: Soft Information, Familiarity, and Misconduct in Financial Advisory Firms
Lubar Hall, N440 3202 N. Maryland Ave., Milwaukee, WI, United StatesPart of the Lubar Research Seminar Series Speaker: Will Gerken, University of Kentucky We investigate how increased information asymmetry between branch managers and financial advisors impacts advisor misconduct. Using branch manager deaths as exogenous shocks to the information environment, we …