IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04339461.html
   My bibliography  Save this paper

Robo-advisors and investment intention : A perspective of value-based adoption

Author

Listed:
  • Xianpei Hong
  • Liwei Pan
  • Yeming Gong

    (EM - EMLyon Business School)

  • Qian Chen

Abstract

Financial robo-advisors have been widely used to assist individuals in their investment decisions, making it important to reduce uncertainties in the assistance process. Existing empirical studies rarely explore uncertainty reduction strategies and their implications on users' investment intentions in the context of financial robo-advisors; our study attempts to address this gap. We construct a model to explain how uncertainty reduction strategies affect users' investment intention in using financial robo-advisors. By collecting and analyzing a sample of 307 financial robo-advisor users, we find that algorithmic interpretability, structural assurance, and interactivity as uncertainty reduction strategies are positively related to users' investment intention through the value-based adoption mechanism. Our research extends the value-based adoption model and uncertainty reduction theory in the financial robo-advisor context. We provide insights to financial robo-advisor service providers about focusing on improving algorithmic transparency, third-party assurance, and interactivity of financial robo-advisors to enhance perceived value and investment intention.

Suggested Citation

  • Xianpei Hong & Liwei Pan & Yeming Gong & Qian Chen, 2023. "Robo-advisors and investment intention : A perspective of value-based adoption," Post-Print hal-04339461, HAL.
    • Handle: RePEc:hal:journl:hal-04339461
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zhu, Hui & Vigren, Olli & Söderberg, Inga-Lill, 2024. "Implementing artificial intelligence empowered financial advisory services: A literature review and critical research agenda," Journal of Business Research, Elsevier, vol. 174(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04339461. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.