Based on a sample of banks from eleven European countries over the period 2001-2010, this paper examines the stability of cooperative banks in comparison with other business models, as well as the specific role played by cooperative banks in determining banking soundness. Our findings show that...

Previous research has demonstrated that consumers' decisions regarding supplementary pensions could be affected by biases. Bernatzi and Thaler's experiment demonstrated that menu design can influence pension fund enrollment decisions, in that participants appear to adopt a na\"ive heuristic,...

Previous researches have demonstrated that consumer decisions could be affected by some biases in the supplementary pension field. Decisionmaking is very often not guided by rationality, and in many cases, if forced to choose, people will decide not to decide, passively accepting the decisions...

Previous research has demonstrated that consumers' decisions regarding supplementary pensions could be affected by some biases. Bernatzi and Thaler's experiment demonstrated that menu design can influence pension fund enrollment decisions, in that participants appear to adopt a naïve heuristic,...

The aim of this paper is to test whether the investors' initial starting capitals and the macroeconomic context may influence their gains and losses perception. To this purpose, our analysis, for the first time in the literature on the topic, considers and compares two samples of investors,...

This paper examines the relationship between asset managers' nationality and the Italian occupational pension funds extending the existing literature on the topic. We use a double analysis methodology, targeted at single- and multiple-managers, distinguishing between Italian and/or foreign...

If forced to choose a supplementary pension fund, people will decide not to decide, accepting decisions made for them by others (default bias), reaching a status quo position. This study analyses whether the status quo position achieved via the default option in Italian occupational pension...

The aim of this paper is to examine the influence of parents’ educational levels on young adults’ financial behavior. In this perspective, to avoid the problem of financial illiteracy, a sample of students enrolled in degree programs in Economics is considered. The results obtained reveal...