Financial (dis-)information: Evidence from a multi-country audit study

Xavier Gine and Rafael Keenan Mazer

Journal of Public Economics, 2022, vol. 208, issue C

Abstract: We conduct an audit study in Ghana, Mexico and Peru to assess whether mandated disclosures are enforced and whether products offered meet the needs of low-income customers. Trained auditors visited financial institutions seeking credit and savings products. We find that staff only provides cost information when asked, disclosing less than a third of the total cost voluntarily. With this limited information, the advantages to comparison shopping are small. In addition, clients are rarely offered the least costly product.

Keywords: Disclosure mandates; Compliance; Audit study (search for similar items in EconPapers)
JEL-codes: D14 G18 G21 O16 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:pubeco:v:208:y:2022:i:c:s0047272722000202

DOI: 10.1016/j.jpubeco.2022.104618

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