证券市场中小投资者风险承受能力影响因素研究  

Factors that Influence the Risk Tolerance of Medium and Small-Scale Investors in Stock Market

作　　者：张秋来[1] 吴爱军[1] 

机构地区：[1]中南民族大学管理学院,武汉430074

出　　处：《中南民族大学学报（自然科学版）》2013年第2期126-130,共5页Journal of South-Central University for Nationalities：Natural Science Edition

基　　金：中南民族大学中央高校基本科研业务费专项基金资助项目(ZZY10002)

摘　　要：以问卷调查为基础,通过交叉列联表频数分析、卡方检验和最优尺度回归模型分析对影响投资者风险承受能力的因素进行了深层次地探究.结果表明:人口统计特征只是间接地影响投资者风险承受能力的因素,只能解释影响投资者风险承受能力的小部分原因;而投资者风险偏好、投资者所拥有的投资知识及所受的教育是影响投资者风险承受能力的主要因素,能够解释投资者风险承受能力的62.1%.Based on questionnaire survey and using frequency analysis by cross-column tables, chi-square test and optimal scaling regression model, this paper puts forward a deep research on the factors that influence the risk tolerance of investors. It turns out that demographic characteristic is the indirect factor which can only explain little part of the risk tolerance. However, investors＇ risk preference, education and investigation knowledge are the main factors which can explain 62.1% of the risk tolerance.

关 键 词：证券市场 风险承受能力 风险偏好 

分 类 号：O212.1[理学—概率论与数理统计] F830.59[理学—数学]