Institutional Quality, Trust, and Stock Market Participation: Learning to Forget
(2023) In Quarterly Journal of Finance- Abstract
- We explore the relations among institutional quality, households’ level of trust, and stock market participation. We find that institutional quality has a significant impact on both trust and participation. The individual level of trust significantly affects participation, but trust plays a small role in the effect of institutional quality on participation. Further, we demonstrate that immigrants are affected by the institutional quality of both their country of residence and their home country, and that education emerges as an important learning factor in immigrants’ adaptation to new institutional environments.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/41c8dde5-900c-4d64-bb38-adbb46262fbd
- author
- Asgharian, Hossein LU ; Liu, Lu and Lundtofte, Frederik LU
- organization
- publishing date
- 2023-11-09
- type
- Contribution to journal
- publication status
- epub
- subject
- in
- Quarterly Journal of Finance
- publisher
- World Scientific Publishing
- external identifiers
-
- scopus:85181916980
- ISSN
- 2010-1392
- DOI
- 10.1142/S2010139224500022
- language
- English
- LU publication?
- yes
- id
- 41c8dde5-900c-4d64-bb38-adbb46262fbd
- date added to LUP
- 2023-11-09 16:20:31
- date last changed
- 2024-02-13 11:37:47
@article{41c8dde5-900c-4d64-bb38-adbb46262fbd, abstract = {{We explore the relations among institutional quality, households’ level of trust, and stock market participation. We find that institutional quality has a significant impact on both trust and participation. The individual level of trust significantly affects participation, but trust plays a small role in the effect of institutional quality on participation. Further, we demonstrate that immigrants are affected by the institutional quality of both their country of residence and their home country, and that education emerges as an important learning factor in immigrants’ adaptation to new institutional environments.}}, author = {{Asgharian, Hossein and Liu, Lu and Lundtofte, Frederik}}, issn = {{2010-1392}}, language = {{eng}}, month = {{11}}, publisher = {{World Scientific Publishing}}, series = {{Quarterly Journal of Finance}}, title = {{Institutional Quality, Trust, and Stock Market Participation: Learning to Forget}}, url = {{http://dx.doi.org/10.1142/S2010139224500022}}, doi = {{10.1142/S2010139224500022}}, year = {{2023}}, }