摘要
基于2015年中国家庭金融调查的数据,运用普通最小二乘回归估计方法研究了金融可得性对家庭分散化投资的作用,并用金融知识、投资经验双中介变量模型验证了其中的影响机制。结果发现:无论是传统金融还是互联网金融的发展,提高金融可得性都可以促进家庭分散投资。金融的线上线下发展会通过提高投资者的金融知识和投资经验来促进分散化投资,从而提高投资效率。
Based on the data of China Household Finance Survey 2015,this paper uses the ordinary least squares regression to study the effect of financial availability on household portfolio diversification,and verifies the influence mechanism with the mediation effect of financial literacy and investment experience.The results show that whether it is the development of traditional finance or internet finance,im-proving financial availability can promote household portfolio diversification.The development of online finance and offline finance will promote household portfolio diversification by improving investors'financial literacy and investment experience,thus improve investment efficiency.
作者
侯杰
李一员
Hou Jie;Li Yiyuan(School of Economics and Management,Southwest Jiaotong University,Chengdu,Sichuan,610031;Service Science and Innovation Key Laboratory of Sichuan Province,Southwest Jiaotong University,Chengdu,Sichuan,610031)
出处
《市场周刊》
2020年第10期145-148,共4页
Market Weekly
关键词
金融可得性
分散化投资
金融知识
投资经验
实证研究
financial availability
household portfolio diversification
financial literacy
investment experience
empirical research
