Financial literacy and risky asset holdings: evidence from China

2017 ◽  
Vol 57 (5) ◽  
pp. 1383-1415 ◽  
Author(s):  
Li Liao ◽  
Jing Jian Xiao ◽  
Weiqiang Zhang ◽  
Congyi Zhou
Keyword(s):  
Financial Literacy ◽  
Risky Asset ◽  
Asset Holdings

The gender effect in risky asset holdings

2012 ◽  
Vol 83 (1) ◽  
pp. 66-81 ◽  
Author(s):  
Marja-Liisa Halko ◽  
Markku Kaustia ◽  
Elias Alanko
Keyword(s):  
Gender Effect ◽  
Risky Asset ◽  
Asset Holdings

scholarly journals Investment in financial literacy, social security, and portfolio choice

2014 ◽  
Vol 14 (4) ◽  
pp. 369-411 ◽  
Author(s):  
TULLIO JAPPELLI ◽  
MARIO PADULA
Keyword(s):  
Social Security ◽  
Stock Market ◽  
Portfolio Choice ◽  
Financial Literacy ◽  
Choice Model ◽  
Later Life ◽  
Optimal Investment ◽  
Risky Asset ◽  
Market Participation ◽  
Stock Market Participation

AbstractWe present an intertemporal portfolio choice model where individuals invest in financial literacy, save, allocate their wealth between a safe and a risky asset, and receive a pension when they retire. Financial literacy affects the excess return from and cost of stock-market participation. Investors simultaneously choose how much to save, their portfolio allocation, and the optimal investment in financial literacy. The model implies that one should observe a positive correlation between stock-market participation (and risky asset share, conditional on participation) and financial literacy, and a negative correlation between the generosity of the social security system and financial literacy. The model also implies that financial literacy accumulated early in life is positively correlated with the individual's wealth and portfolio allocations in later life. Using microeconomic cross-country data, we find support for these predictions.

Role of Commercial Banks in Financial Literacy

PRODUCTIVITY ◽  
2018 ◽  
Vol 59 (2) ◽  
pp. 186-197
Author(s):  
M. SELVAKUMAR ◽  
◽  
P. ANBUCHEZHIENKAMARAJ ◽  
V. Sathyalakshmi ◽  
R. Mohammed Abubakkar Siddique ◽  
...  
Keyword(s):  
Financial Literacy ◽  
Commercial Banks
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