信仰与中国家庭金融市场参与——基于CHFS数据的实证研究  

The Belief and Participation of China's Family Financial Market——An Empirical Study Based on CHFS Data

作　　者：尹志超[1] 张诚 YIN Zhichao;ZHANG Cheng(Scholl of Fincance,Capital University of Economics & Business,Beijing 100070,China)

机构地区：[1]首都经济贸易大学金融学院,北京100070

出　　处：《财经理论与实践》2019年第3期15-23,共9页The Theory and Practice of Finance and Economics

基　　金：国家自然科学基金一般项目(71373213);国家社会科学基金重点项目(16AZ014);北京市社会科学重大项目(15ZDA45);中组部青年拔尖人才支持计划;教育部新世纪优秀人才支持计划;北京市青年拔尖团队资助

摘　　要：基于中国家庭金融调查(CHFS)数据,研究宗教信仰对家庭金融市场参与和金融资产选择的影响。结果表明:宗教信仰会显著促进家庭参与金融市场,同时会显著促进家庭参与股票市场,而且宗教信仰会提升家庭持有风险资产和股票资产的比重。进一步研究发现:社会互动会显著促进有宗教信仰的居民参与金融市场和持有风险资产,人力资本积累是推动宗教信仰者参与金融市场的重要原因,信仰不同宗教的家庭对金融市场参与的态度存在显著差异。因此,金融相关部门制定政策时需充分考虑信仰的潜在影响。Based on the Chinese household financial survey(CHFS) data, this paper studies the influence of religious belief on family financial market participation and financial asset selection. The results of the study show that religious beliefs can significantly promote family participation in the financial market;at the same time, they can significantly promote family participation in the stock market;and religious beliefs can increase the proportion of households holding risky assets and equity assets. Further studies have found that social interaction can significantly promote religious residents to participate in financial markets and hold risky assets;human capital accumulation is an important reason for promoting religious believers to participate in the financial market;families of different religious beliefs have a significant differences attitude towards financial market participation. The policy implication of this paper is that financial authorities should fully consider the potential impact of faith when formulating policies.

关 键 词：信仰 金融市场参与 金融资产选择 

分 类 号：F832[经济管理—金融学]