The dark side of financial innovation: A case study of the pricing of a retail financial product

By Brian J. Henderson, Neil D. Pearson. 2011

310 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/1edbf6b3ccad1548e877e8678f7d059847f10061

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Claire Célérier
2. Boris Vallée

In Economics and Econometrics

1. Claire Célérier
2. Boris Vallée

In Finance

1. Claire Célérier
2. Boris Vallée

Citations in the corpus

• Catering to Investors Through Security Design: Headline Rate and Complexity (2017, background): “26Our estimates are slightly lower than those in Henderson and Pearson (2011), and we find 27 products with negative estimated markups.”
• Strategic Obfuscation and Consumer Protection Policy (2014, unknown): “Even worse, firms develop redundant “financial innovations” exclusively designed to attract naive consumers (Henderson and Pearson, 2011).”
• Does Option Trading Convey Stock Price Information (2014, unknown): “9In a related study, Henderson and Pearson (2011) show that retail investors persistently overprice a popular structured equity product.”