TY - JOUR A1 - Scheurle, Sebastian T1 - The effect of robo-advice on stock market participation T2 - EFL quarterly : an E-Finance Lab publication N2 - DESPITE A RECENT SLIGHT RECOVERY FROM CRISIS LOW LEVELS, STOCK MARKET PARTICIPATION IN GERMANY IS STILL AT ONLY 14% OF ADULT POPULATION. PREVIOUS RESEARCH SHOWED THAT TRADITIONAL PERSONAL ADVICE – DUE TO HIGH COSTS AND MISALIGNED INCENTIVES – CAN HARDLY ALLEVIATE PRIVATE INVESTORS' INVESTMENT MISTAKES, OF WHICH STOCK MARKET NON-PARTICIPATION IS ONE. ROBOADVICE IS A "HOT TOPIC" IN REGULATORY AND INDUSTRY DISCUSSIONS. THE RESULTS OF THIS STUDY SHOW EMPIRICAL EVIDENCE THAT INVITATIONS TO ROBO-ADVICE INCREASE STOCK MARKET PARTICIPATION. Y1 - 2016 UR - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/58000 UR - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-580003 SN - 1866-1238 VL - 2016 IS - 4 SP - 4 EP - 5 PB - E-Finance Lab e.V. CY - Frankfurt am Main ER -