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首页> 外文期刊>Asian Economic and Financial Review >Financial Literacy, Risk Tolerance and Stock Market Participation
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Financial Literacy, Risk Tolerance and Stock Market Participation

机译：金融素养，风险承受能力和股票市场参与度

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This study explores how households? stock market investment decisions are influenced by self-assessed financial literacy, investment awareness, risk propensity and socio-economic characteristics. This study used national survey data of Indian households across the country, a survey conducted by SEBI (Securities and Exchange Board of India) to get a comprehensive view of households? characteristics, behaviour and investment patterns. The results of logistic regression indicate that individual having more risk tolerance, financial literacy, and investment awareness significantly influences the stock market investment decisions. ANOVA results indicate the significant difference among different groups of responding households according to age, education, zone, saving, debt, and income level while no significant difference found in level of stock market participation based on gender, occupation, and marital status. The results also validate the usefulness of financial education programme for enhancing the financial awareness among households that positively impacts the investment decision regarding stock market investments.
机译：这项研究探讨了家庭如何？股市投资决策受自我评估的金融素养，投资意识，风险倾向和社会经济特征的影响。这项研究使用了SEBI（印度证券交易委员会）进行的印度全国家庭调查数据，以全面了解家庭？特征，行为和投资模式。 Logistic回归的结果表明，具有较高的风险承受能力，金融知识和投资意识的个人会显着影响股票市场的投资决策。方差分析结果表明，根据年龄，教育程度，地区，储蓄，债务和收入水平，在不同的响应家庭组之间存在显着差异，而根据性别，职业和婚姻状况，在股票市场参与水平方面没有显着差异。结果还证实了金融教育计划对于增强家庭财务意识的有用性，这对股票市场投资的投资决策产生了积极影响。

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