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The Effects of Availability and Trust on Stock Market Participation: A cross-sectional study based on China

Kong, Wenbin LU and Fan, Yuting LU (2017) NEKP03 20171
Department of Economics
Abstract
This paper investigates the effects of behavioral finances on stock market participation by employing data from China Family Panel Study (CFPS). Availability and trust are chosen as the target variables to explain the participation problems in the stock market. The study finds evidence that financial service availability and individual trust have positive influences on the stock market participation decisions. Further, when compared with financial service availability, regional economic advance does not show a significant impact on the participation rate. Additionally, a counter-intuitive finding is that females are more likely to participate in the stock market as family head in China.
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author
Kong, Wenbin LU and Fan, Yuting LU
supervisor
organization
course
NEKP03 20171
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Stock Market Participation Puzzle, Availability, Trust and Salience Theory
language
English
id
8915654
date added to LUP
2017-06-15 08:36:02
date last changed
2017-06-15 08:36:02
@misc{8915654,
  abstract     = {This paper investigates the effects of behavioral finances on stock market participation by employing data from China Family Panel Study (CFPS). Availability and trust are chosen as the target variables to explain the participation problems in the stock market. The study finds evidence that financial service availability and individual trust have positive influences on the stock market participation decisions. Further, when compared with financial service availability, regional economic advance does not show a significant impact on the participation rate. Additionally, a counter-intuitive finding is that females are more likely to participate in the stock market as family head in China.},
  author       = {Kong, Wenbin and Fan, Yuting},
  keyword      = {Stock Market Participation Puzzle,Availability,Trust and Salience Theory},
  language     = {eng},
  note         = {Student Paper},
  title        = {The Effects of Availability and Trust on Stock Market Participation: A cross-sectional study based on China},
  year         = {2017},
}