Work

Social Interaction and Stock Market Participation: Evidence from China

Year: 2014

Type: article

Abstract: Current research on the impact of social interaction on the stock market participation only involves the traditional way of social interaction, and this paper further investigates the modern social interaction effects on the stock market participation and its activeness. The sample containing 150 Chinese counties is selected, and we apply grouping analysis and linear regression to conclude that social interaction has positive influence on the stock market participation and its activeness. Both traditional and modern social interaction ways affect the stock market participation and its activeness to the similar extent, so modern social interaction is of the same importance. Controlling for the respondents’ age, wealth, and education level, the above conclusion still holds.

Source: Mathematical Problems in Engineering

DOI: 10.1155/2014/906564

Authors: Zhifeng Liu, Tingting Zhang, Xiaoguang Yang

Institutions: Tianjin University, Chinese Academy of Sciences, Academy of Mathematics and Systems Science

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,550

Funders: National Natural Science Foundation of China, Sun Yat-sen University, National Key Research and Development Program of China