| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9922 |
| DP9922 Financial Advice and Stock Market Participation | |
| Roman Inderst; Dimitris Georgarakos | |
| 发表日期 | 2014-04-06 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We introduce professional financial advice in households? choice to hold risky financial assets. Consistent with the predictions from a formal model, we present evidence that households? trust in financial advice only matters when their perceived own financial capability is low. Instead, for households with higher financial capability, only the perception of legal protection in financial markets matters for stock market participation. Our empirical analysis highlights economically significant differences in households? perception of their rights as consumers of financial services, even when their objective circumstances should not be much different. |
| 主题 | Financial Economics |
| 关键词 | Financial advice Household finance Trust Consumer protection |
| URL | https://cepr.org/publications/dp9922 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538756 |
| 推荐引用方式 GB/T 7714 | Roman Inderst,Dimitris Georgarakos. DP9922 Financial Advice and Stock Market Participation. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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