How does competition for funds in the wealth management market impact Chinese households' risky financial investment?

被引：1
|
作者：
Zhang, Yanze [1 ]
Zhang, Ji [1 ]
机构：
[1] Univ Int Business & Econ, Sch Insurance & Econ, Beijing, Chaoyang, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2023年 / 30卷 / 10期
关键词：
Households' investment choice; internet finance; financial risk; competition for funds; wealth management products;
D O I：
10.1080/13504851.2022.2053047
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper analyzes the relationship between the competition for funds in the wealth management market and Chinese households' risky financial investment. Through mechanism analysis, we find that the competition for funds in the wealth management market reduces Chinese households' risky financial investment by increasing the interest rate of financial products and making break-even commitments. Further analysis suggests that medium and high solvency households have more expectations for break-even and are more affected by the competition for funds in the wealth management market.
引用
收藏
页码：1327 / 1332
页数：6
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