Financial Literacy, Financial Advice, and Stock Market Participation: Evidence From Malaysia

被引：6
|
作者：
Hii, Ivy S. H. [1 ]
Ho, Poh Ling [2 ]
Yap, Ching Seng [3 ]
Philip, Abey P. [3 ]
机构：
[1] BNU HKBU United Int Coll, Div Business & Management, 2000 Jintong Rd, Zhuhai 519085, Peoples R China
[2] Riam Inst Technol, Lot 1305,Mile 3-5 Riam Rd, Sarawak 98000, Malaysia
[3] Curtin Univ, Fac Business, CDT 250, Sarawak 98009, Malaysia
来源：
JOURNAL OF FINANCIAL COUNSELING AND PLANNING | 2022年 / 33卷 / 02期
关键词：
financial advice; financial literacy; personal finance; stock market participation; BEHAVIOR;
D O I：
10.1891/JFCP-2021-0011
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The study examined the influence of financial literacy and financial advice on individuals 'stock market participation in Malaysia. Using survey data from 216 individuals aged 18 years old and above, this study revealed that both financial literacy and financial advice were positively associated with the likelihood of participating in the stock market. Individuals with higher financial literacy, especially advanced financial literacy, were more likely to participate in the stock market. Those who sought advice from financial advisors were also more likely to invest in the stock market. The findings underscore intervention opportunities for regulators, educators and financial advisors in promoting stock market participation in emerging countries.
引用
收藏
页码：243 / 254
页数：12
相关论文
共 50 条
  • [41] Skewness in financial returns: Evidence from the Portuguese stock market
    Machado-Santos, C
    Fernandes, AC
    [J]. FINANCE A UVER-CZECH JOURNAL OF ECONOMICS AND FINANCE, 2005, 55 (9-10): : 460 - 470
  • [42] Financial literacy as a determinant of market participation: New evidence from China using IV-GMM
    Chen, Haiyang
    Dai, Ya
    Guo, David
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2023, 84 : 611 - 623
  • [43] The role of financial literacy and advice in financial decision making
    Reyers, M.
    [J]. SOUTHERN AFRICAN BUSINESS REVIEW, 2016, 20 : 388 - 413
  • [44] Effect of trust on financial market participation: evidence from China
    Cui, Wei
    Zhang, Yongli
    [J]. JOURNAL OF THE ASIA PACIFIC ECONOMY, 2021, 26 (03) : 442 - 461
  • [45] Financial literacy and financial planning: Evidence from India
    Agarwal, Sumit
    Amromin, Gene
    Ben-David, Itzhak
    Chomsisengphet, Souphala
    Evanoff, Douglas D.
    [J]. JOURNAL OF HOUSING ECONOMICS, 2015, 27 : 4 - 21
  • [46] Financial exclusion and financial literacy: Evidence from Mexico
    Roa, Maria Jose
    Villegas, Alejandra
    [J]. LATIN AMERICAN ECONOMIC REVIEW, 2022, 31 (12)
  • [47] Stock Market Contagion during the Global Financial Crises: Evidence from the Chilean Stock Market
    Mahenthiran, Sakthi
    Gjerde, Tom
    Silva, Berta
    [J]. INTERNATIONAL JOURNAL OF FINANCIAL STUDIES, 2020, 8 (02): : 1 - 22
  • [48] Financial literacy and the household participation in commercial insurance: Evidence from China
    Guo, Minjia
    Chen, Ximing
    Wang, Tianqi
    Cao, Jie
    [J]. RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE, 2024, 71
  • [49] The interconnectivity between Islamic financial literacy and financial sustainability: evidence from Muslim micro-entrepreneurs in Malaysia
    Azman, Nik Hadiyan Nik
    Zulkafli, Abdul Hadi
    Masron, Tajul Ariffin
    Majid, Abdul Rahman Abdul
    [J]. JOURNAL OF ISLAMIC ACCOUNTING AND BUSINESS RESEARCH, 2023,
  • [50] Household stock market participation during the great financial crisis
    Zhou, Jie
    [J]. QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2020, 75 : 265 - 275
12345