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    题名: Determinants of Household’s Willingness to Take Financial Risk: The Effect of Expectation
    作者: 黃智聰
    Huang, Jr-Tsung;Xu, Xin;Chiang, Tsun-Feng
    贡献者: 財政系
    日期: 2015-04
    上传时间: 2015-06-05 15:00:55 (UTC+8)
    摘要: The purpose of this study is to examine determinants of household’s willingness to take
    financial risks, particularly the effect of households’ expectation. The data this study used are
    the Survey of Consumer Finances 2007 by which researchers can examine the household
    financial issues before the financial crisis. By employing multinomial logit regression, the
    new finding of this study is that when the households expect the future economy will be
    better, they are not willing to take either no or substantial financial risk. This study uses the
    uncertainty theory with the timing of the survey to interpret this seemingly unintuitive result.
    Other findings are that age, more working people in a household, male, education and
    majority race are household characteristics positively affecting the probability of household’s
    willingness to take average and above-average financial risks.
    關聯: Journal of Financial Counseling and Planning (Econlit)
    数据类型: article
    显示于类别:[財政學系] 期刊論文

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