Daniel Richards is an Associate Professor in the School of Administrative Studies. He teaches personal financial planning. His research interests are behavioural finance, financial planning and investment decision making.
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Degrees
PhD, The Open University (UK)
MRes, The Open University (UK)
MBus, The University of Otago (NZ)
Bcom , The University of Otago (NZ)
Community Contributions
Editorial Board of the Financial Planning Research Journal
https://sciendo.com/journal/FPRJ?content-tab=editorial-board
Founding member of the Behavioural Finance and Accounting Research Group
https://commerce.uct.ac.za/college-accounting/research/behavioural-finance-and-accounting-bfa
Research Interests
Financial and Monetary Systems, Psychology, Personal Finance, Behavioural Finance
Richards, D. W. (2023). Behavioural Aspects of Financial Advice. In: Blijlevens, J., Elkins, M., Neelim, A. (eds) Behavioural Business: The Psychology of Decisions in Economy, Business and Policy Contexts (pp. 191-203) Springer Nature, Singapore. https://doi.org/10.1007/978-981-19-5546-4_11
2023
Tahir, M.S., & Richards, D. W. (2023). Chapter 18: Consumer financial behavior and financial capability. In J. Xiao& S. Kumar (Eds.) A Research Agenda for Consumer Financial Behavior. (pp. 245-258). Edward Elgar Publishing. https://doi.org/10.4337/9781803922652.00027
2023
Journal Articles
Publication
Year
Richards, D. W., Robinson, C., & Willows, G. D. (2024). Professionalisation of financial planning in Australia, Canada, and South Africa. Australian Journal of Management 0(0). https://doi.org/10.1177/03128962241246679
2024
Willows, G. D., & Richards, D. W. (2023). Buy and buy again: The impact of unique reference points on (re)purchase decisions. International Review of Finance, 23 (2): 301-316 https://doi.org/10.1111/irfi.12399
2023
Tahir, M.S., Richards, D.W. and Ahmed, A.D. (2023), The role of financial risk-taking attitude in personal finances and consumer satisfaction: evidence from Australia, International Journal of Bank Marketing 41 (4): 787 - 809 https://doi.org/10.1108/IJBM-09-2022-0431
2023
Richards D. W., Ahmed A. D., Bruce K. (2022) Ethics in financial planning: Analysis of ombudsman decisions using codes of ethics and fiduciary duty standards. Australian Journal of Management. 47(3): 401-422 doi:10.1177/03128962211022568
2022
Richards, D.W., Ukwatte Jalathge, S.L. and Senarath Yapa, P.W. (2022), The professionalization of financial planning in Australia: an institutional logics perspective, Journal of Public Budgeting, Accounting & Financial Management, 34 (2): 238-256 https://doi.org/10.1108/JPBAFM-11-2020-0182
2022
Tahir, M.S., Shahid, A.U. and Richards, D.W. (2022), The role of impulsivity and financial satisfaction in a moderated mediation model of consumer financial resilience and life satisfaction, International Journal of Bank Marketing 40 (4) pp. 773-790. https://doi.org/10.1108/IJBM-09-2021-0407
2022
Richards, D. W. and Safari, M. (2021), Disclosure effectiveness in the financial planning industry, Qualitative Research in Financial Markets, 13 (5): 672-691 https://doi.org/10.1108/QRFM-04-2020-0060
2021
Tahir, M. S., Ahmed, A. D. and Richards, D. W. (2021), Financial literacy and financial well-being of Australian consumers: a moderated mediation model of impulsivity and financial capability, International Journal of Bank Marketing 39 (7): 1377-1394 https://doi.org/10.1108/IJBM-09-2020-0490
2021
O'Dwyer, M. & Richards, D. W. (2021) Occupational boundaries: Gender capital and career progression in the financial planning industry. FINANCIAL PLANNING REVIEW 4:e1123 DOI: https://doi.org/10.1002/cfp2.1123
2021
Richards, D. W. & Morton. E. (2020) Conceptualising Financial Advice in Australia: The Impact of Business Models and External Stakeholders on Client’s Best Interest Practice Financial Services Review 28 (2): 133 – 158
2020
Richards, D. W., Roberts, H., & Whiting, R., (2020) Female financial advisers: Where art thou? Australian Journal of Management 45 (4) 624- 644 https://doi.org/10.1177/0312896219896389
2020
Tahir, M. S., Richards, D. W. & Ahmed, A. D. (2020) Financial Literacy, Attitudes, and Financial Satisfaction: An Assessment of Credit Card Debt-Taking Behavior of Australians Financial Services Review 28 (4): 273-301
2020
Richards, D. W. & Willows G. D. (2019) Monday mornings: Individual investor trading on days of the week and times within a day Journal of Behavioral and Experimental Finance, 22: 105-115, https://doi.org/10.1016/j.jbef.2019.02.009
2019
Richards, D. W., Fenton-O’Creevy, M. P., Rutterford, J. M. & Kodwani, D. (2018) Is the disposition effect related to investors’ reliance on System 1 and System 2 processes or their strategy of emotion regulation? Journal of Economic Psychology 66: 79-92 DOI: https://doi.org/10.1016/j.joep.2018.01.003
2018
Richards, D. W. & Willows G. D. (2018) Who trades profusely? The characteristics of individual investors who trade frequently. Global Finance Journal. 35(2): 1-11, DOI: https://doi.org/10.1016/j.gfj.2017.03.006
2018
Richards, D. W. Rutterford, J. M., Fenton-O’Creevy, M. P. & Kodwani, D (2017) Stock market investors’ use of stop losses and the disposition effect. The European Journal of Finance 23(2): 130 - 152. DOI: http://dx.doi.org/10.1080/1351847X.2015.1048375
2017
Fenton-O'Creevy, M., Lins, J. T., Vohra, S., Richards, D. W., Davies, G., & Schaaff, K. (2012). Emotion regulation and trader expertise: Heart rate variability on the trading floor. Journal of Neuroscience, Psychology, and Economics, 5(4): 227-237. doi:10.1037/a0030364
2012
Daniel Richards is an Associate Professor in the School of Administrative Studies. He teaches personal financial planning. His research interests are behavioural finance, financial planning and investment decision making.
Degrees
PhD, The Open University (UK)
MRes, The Open University (UK)
MBus, The University of Otago (NZ)
Bcom , The University of Otago (NZ)
Community Contributions
Editorial Board of the Financial Planning Research Journal
https://sciendo.com/journal/FPRJ?content-tab=editorial-board
Founding member of the Behavioural Finance and Accounting Research Group
https://commerce.uct.ac.za/college-accounting/research/behavioural-finance-and-accounting-bfa
Research Interests
Financial and Monetary Systems, Psychology, Personal Finance, Behavioural Finance
All Publications
Book Chapters
Publication
Year
Richards, D. W. (2023). Behavioural Aspects of Financial Advice. In: Blijlevens, J., Elkins, M., Neelim, A. (eds) Behavioural Business: The Psychology of Decisions in Economy, Business and Policy Contexts (pp. 191-203) Springer Nature, Singapore. https://doi.org/10.1007/978-981-19-5546-4_11
2023
Tahir, M.S., & Richards, D. W. (2023). Chapter 18: Consumer financial behavior and financial capability. In J. Xiao& S. Kumar (Eds.) A Research Agenda for Consumer Financial Behavior. (pp. 245-258). Edward Elgar Publishing. https://doi.org/10.4337/9781803922652.00027
2023
Journal Articles
Publication
Year
Richards, D. W., Robinson, C., & Willows, G. D. (2024). Professionalisation of financial planning in Australia, Canada, and South Africa. Australian Journal of Management 0(0). https://doi.org/10.1177/03128962241246679
2024
Willows, G. D., & Richards, D. W. (2023). Buy and buy again: The impact of unique reference points on (re)purchase decisions. International Review of Finance, 23 (2): 301-316 https://doi.org/10.1111/irfi.12399
2023
Tahir, M.S., Richards, D.W. and Ahmed, A.D. (2023), The role of financial risk-taking attitude in personal finances and consumer satisfaction: evidence from Australia, International Journal of Bank Marketing 41 (4): 787 - 809 https://doi.org/10.1108/IJBM-09-2022-0431
2023
Richards D. W., Ahmed A. D., Bruce K. (2022) Ethics in financial planning: Analysis of ombudsman decisions using codes of ethics and fiduciary duty standards. Australian Journal of Management. 47(3): 401-422 doi:10.1177/03128962211022568
2022
Richards, D.W., Ukwatte Jalathge, S.L. and Senarath Yapa, P.W. (2022), The professionalization of financial planning in Australia: an institutional logics perspective, Journal of Public Budgeting, Accounting & Financial Management, 34 (2): 238-256 https://doi.org/10.1108/JPBAFM-11-2020-0182
2022
Tahir, M.S., Shahid, A.U. and Richards, D.W. (2022), The role of impulsivity and financial satisfaction in a moderated mediation model of consumer financial resilience and life satisfaction, International Journal of Bank Marketing 40 (4) pp. 773-790. https://doi.org/10.1108/IJBM-09-2021-0407
2022
Richards, D. W. and Safari, M. (2021), Disclosure effectiveness in the financial planning industry, Qualitative Research in Financial Markets, 13 (5): 672-691 https://doi.org/10.1108/QRFM-04-2020-0060
2021
Tahir, M. S., Ahmed, A. D. and Richards, D. W. (2021), Financial literacy and financial well-being of Australian consumers: a moderated mediation model of impulsivity and financial capability, International Journal of Bank Marketing 39 (7): 1377-1394 https://doi.org/10.1108/IJBM-09-2020-0490
2021
O'Dwyer, M. & Richards, D. W. (2021) Occupational boundaries: Gender capital and career progression in the financial planning industry. FINANCIAL PLANNING REVIEW 4:e1123 DOI: https://doi.org/10.1002/cfp2.1123
2021
Richards, D. W. & Morton. E. (2020) Conceptualising Financial Advice in Australia: The Impact of Business Models and External Stakeholders on Client’s Best Interest Practice Financial Services Review 28 (2): 133 – 158
2020
Richards, D. W., Roberts, H., & Whiting, R., (2020) Female financial advisers: Where art thou? Australian Journal of Management 45 (4) 624- 644 https://doi.org/10.1177/0312896219896389
2020
Tahir, M. S., Richards, D. W. & Ahmed, A. D. (2020) Financial Literacy, Attitudes, and Financial Satisfaction: An Assessment of Credit Card Debt-Taking Behavior of Australians Financial Services Review 28 (4): 273-301
2020
Richards, D. W. & Willows G. D. (2019) Monday mornings: Individual investor trading on days of the week and times within a day Journal of Behavioral and Experimental Finance, 22: 105-115, https://doi.org/10.1016/j.jbef.2019.02.009
2019
Richards, D. W., Fenton-O’Creevy, M. P., Rutterford, J. M. & Kodwani, D. (2018) Is the disposition effect related to investors’ reliance on System 1 and System 2 processes or their strategy of emotion regulation? Journal of Economic Psychology 66: 79-92 DOI: https://doi.org/10.1016/j.joep.2018.01.003
2018
Richards, D. W. & Willows G. D. (2018) Who trades profusely? The characteristics of individual investors who trade frequently. Global Finance Journal. 35(2): 1-11, DOI: https://doi.org/10.1016/j.gfj.2017.03.006
2018
Richards, D. W. Rutterford, J. M., Fenton-O’Creevy, M. P. & Kodwani, D (2017) Stock market investors’ use of stop losses and the disposition effect. The European Journal of Finance 23(2): 130 - 152. DOI: http://dx.doi.org/10.1080/1351847X.2015.1048375
2017
Fenton-O'Creevy, M., Lins, J. T., Vohra, S., Richards, D. W., Davies, G., & Schaaff, K. (2012). Emotion regulation and trader expertise: Heart rate variability on the trading floor. Journal of Neuroscience, Psychology, and Economics, 5(4): 227-237. doi:10.1037/a0030364