Financial Literacy and Low Stock Market Participation of Japanese Households

被引：13
|
作者：
Yamori, Nobuyoshi [1 ]
Ueyama, Hitoe [2 ]
机构：
[1] Kobe Univ, Nada Ku, Rokkodai 2-1, Kobe, Hyogo, Japan
[2] Nagoya Gakuin Univ, Nagoya, Aichi, Japan
来源：
FINANCE RESEARCH LETTERS | 2022年 / 44卷
关键词：
Financial literacy; Stock market participation; Stockholding; Japan; Households;
D O I：
10.1016/j.frl.2021.102074
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We investigated whether low financial literacy of Japanese households causes their low stock market participation. Based on our survey, we found that high financial literacy tends to increase stock market participation. We also found that households with higher financial literacy do not necessarily have a high shareholding ratio among financial assets.
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页数：5
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