Next Article in Journal
Energy Potential of Oil Palm Empty Fruit Bunch (EFB) Fiber from Subsequent Cultivation of Volvariella volvacea (Bull.) Singer
Previous Article in Journal
Digitalization as an Engine for Change? Building a Vision Pathway towards a Sustainable Health Care System by Using the MLP and Health Economic Decision Modelling
 
 
Article

Business Model of Sustainable Robo-Advisors: Empirical Insights for Practical Implementation

1
ISF Institute for Strategic Finance, FOM University of Applied Sciences for Economics and Management, 45127 Essen, Germany
2
Department of Finance, Faculty of Economics and Administration, Masaryk University, 601 77 Brno, Czech Republic
*
Author to whom correspondence should be addressed.
Academic Editors: João Carlos Correia Leitão and Dina Batista Pereira
Sustainability 2021, 13(23), 13009; https://doi.org/10.3390/su132313009
Received: 22 October 2021 / Revised: 18 November 2021 / Accepted: 22 November 2021 / Published: 24 November 2021
(This article belongs to the Topic Open Innovation and Entrepreneurship)
The given research paper examines the characteristics of German private investors regarding the probability of using robo-advisory-services. The used data set was gathered for this purpose (N = 305) to address the research question by using a logistic regression approach. The presented logit regression model results indicate that the awareness of sustainable aspects make a significant difference in the probability of using a sustainable robo-service. Additionally, our findings show that being male and cost-aware are positively associated with the use of a sustainable robo-advisor. Furthermore, the probability of use is 1.53 times higher among young and experienced investors. The findings in this paper provide relevant research findings for banks, asset managers, FinTechs, policy makers and financial practitioners to increase the adoption rate of robo-advice by introducing a sustainable offering. View Full-Text
Keywords: robo-advisory; sustainability; innovation; financial services; asset management robo-advisory; sustainability; innovation; financial services; asset management
MDPI and ACS Style

Au, C.-D.; Klingenberger, L.; Svoboda, M.; Frère, E. Business Model of Sustainable Robo-Advisors: Empirical Insights for Practical Implementation. Sustainability 2021, 13, 13009. https://doi.org/10.3390/su132313009

AMA Style

Au C-D, Klingenberger L, Svoboda M, Frère E. Business Model of Sustainable Robo-Advisors: Empirical Insights for Practical Implementation. Sustainability. 2021; 13(23):13009. https://doi.org/10.3390/su132313009

Chicago/Turabian Style

Au, Cam-Duc, Lars Klingenberger, Martin Svoboda, and Eric Frère. 2021. "Business Model of Sustainable Robo-Advisors: Empirical Insights for Practical Implementation" Sustainability 13, no. 23: 13009. https://doi.org/10.3390/su132313009

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Back to TopTop