...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>The North American journal of economics and finance >Holding risky financial assets and subjective wellbeing: Empirical evidence from China
【24h】

Holding risky financial assets and subjective wellbeing: Empirical evidence from China

机译：持有风险的金融资产和主观福祉：来自中国的经验证据

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Subjective wellbeing is designed to consider positive experiences and to be descriptive of an overall assessment rather than focusing on specific experiences or aspects of an individual's life. The purpose of this study is to investigate the relationships between the holding of risky financial assets and subjective wellbeing. Participation in financial markets with different risk levels of assets is divided into holding risk-free assets and holding risky assets. Holding risk-free assets is measured according to two sets of variables: having a demand deposit and having certificates of deposit. Moreover, the holding of risky financial assets is also measured by two sets of variables: holding stocks and holding mutual funds. Using data from the 2011 and 2013 China Household Finance Survey (CHFS), the results indicate that the impact of holding risk-free assets in the financial market on subjective wellbeing is positive, while holding risky assets is found to contribute negatively to subjective wellbeing. The results imply that to improve subjective wellbeing, financial policy-makers and investment institutions should develop effective policies and financial products to improve the efficiency of financial markets, and thereby provide more low-risk financial assets.
机译：主观福祉旨在考虑积极的经验，并具有整体评估，而不是专注于个人生活的特定经验或方面。本研究的目的是调查持有风险金融资产和主观福祉之间的关系。参与不同风险水平资产的金融市场分为持有无风险资产和持有风险资产。持有无风险资产根据两组变量测量：需要存款并获得存款证书。此外，持有风险的金融资产也是通过两套变量来衡量的：持有股票和持有共同基金。使用2011年和2013年中国家庭财务调查（CHF）的数据，结果表明，在主观福祉中持有无风险资产的影响是积极的，同时发现持有风险资产对主观福祉作出负面贡献。结果意味着改善主观福祉，财政政策制定者和投资机构应制定有效的政策和金融产品，以提高金融市场的效率，从而提供更低风险的金融资产。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号