Green finance and household risky financial asset allocation

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-06-15 DOI:10.1016/j.frl.2025.107780

Dengquan Wang, Yimeng Ren

引用次数: 0

Abstract

This paper explores the impact of green finance on household risk financial asset allocation using data from the China Household Finance Survey (CHFS) conducted by Southwestern University of Finance and Economics in 2019, 2021, and 2023. It analyzes the moderating role of the digital economy and urban-rural heterogeneity. The study finds that green finance significantly enhances household risk financial asset allocation, including the probability of participating in risk financial markets and the diversity of risk assets held. The digital economy plays a positive moderating role in the relationship between green finance and household risk financial assets.

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绿色金融与家庭风险金融资产配置

本文利用西南财经大学2019年、2021年和2023年的中国家庭金融调查数据，探讨了绿色金融对家庭风险金融资产配置的影响。分析了数字经济与城乡异质性的调节作用。研究发现，绿色金融显著提高了家庭风险金融资产配置，包括参与风险金融市场的概率和持有风险资产的多样性。数字经济对绿色金融与家庭风险金融资产的关系具有正向调节作用。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance