Mis-selling in Finance as an Effect of Excessive Concentration on Sales

Iwona Dorota Czechowska , Krzysztof Waliszewski


Mis-selling is an unethical behaviour on the part of sellers who mislead customers into buying products unsuited to their needs. Mis-selling is found in finances and banking, which is a major research issue, considering the importance of financial transactions, the long-standing nature and sizes of financial obligations, as well as the degree of their complexity. This article focuses on mis-selling in finances. The authors, using the desk research method, try to establish whether unfair commercial practices in the form of unethical sales of products unadjusted to consumers' needs are linked with heavy concentration on selling services. The above issues are part of a larger debate on ethics in business. The article has three parts which focus respectively on: specific activities in the financial sector which are detrimental to consumers, the essence of mis-selling, and links between mis-selling and remuneration in banking. In the conclusions, changes are mentioned which result from amendments to the remuneration system and whose effects may diminish mis-selling.
Author Iwona Dorota Czechowska - Uniwersytet Łódzki (UŁ)
Iwona Dorota Czechowska,,
, Krzysztof Waliszewski (WE / KB)
Krzysztof Waliszewski,,
- Department of Banking
Journal seriesPrzedsiębiorczość i Zarządzanie, ISSN 1733-2486, (B 14 pkt)
Issue year2018
No1, cz. 1
Publication size in sheets0.6
Keywords in Polishmis-selling, plany sprzedażowe, instytucje finansowe
Keywords in Englishmis-selling, finance ethics, bank, remuneration
URL http://piz.san.edu.pl/docs/e-XIX-1-1.pdf
Languageen angielski
Score (nominal)14
Score sourcejournalList
ScoreMinisterial score = 14.0, 17-03-2020, ArticleFromJournal
Citation count*2 (2020-09-09)
Share Share

Get link to the record

* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.
Are you sure?