机构质量、信任和股市参与:学会遗忘

IF 0.9 Q3 BUSINESS, FINANCE
Hossein Asgharian, Lu Liu, Frederik Lundtofte
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引用次数: 0

摘要

本文探讨了制度质量、家庭信任水平和股市参与之间的关系。我们发现,制度质量对信任和参与度都有显著影响。个人的信任水平会对参与度产生重大影响,但信任在制度质量对参与度的影响中作用较小。此外,我们还证明,移民同时受到居住国和母国制度质量的影响,教育成为移民适应新制度环境的重要学习因素。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
Institutional Quality, Trust, and Stock Market Participation: Learning to Forget

In this paper, we explore the relations among institutional quality, households’ level of trust, and stock market participation. We find that institutional quality has a significant impact on both trust and participation. The individual level of trust significantly affects participation, but trust plays a small role in the effect of institutional quality on participation. Further, we demonstrate that immigrants are affected by the institutional quality of both their country of residence and their home country, and that education emerges as an important learning factor in immigrants’ adaptation to new institutional environments.

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来源期刊
Quarterly Journal of Finance
Quarterly Journal of Finance BUSINESS, FINANCE-
CiteScore
1.10
自引率
0.00%
发文量
0
期刊介绍: The Quarterly Journal of Finance publishes high-quality papers in all areas of finance, including corporate finance, asset pricing, financial econometrics, international finance, macro-finance, behavioral finance, banking and financial intermediation, capital markets, risk management and insurance, derivatives, quantitative finance, corporate governance and compensation, investments and entrepreneurial finance.
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