金融知识、有限关注与金融行为  

Financial Knowledge,Limited Attention and Financial Behavior

作　　者：崔静雯 徐书林[3] 李云峰 Cui Jingwen;Xu Shulin;Li Yunfeng(School of Humanities,Nanchang University,Nanchang,Jiangxi 330021,China;College of Political Science and Law,Jiangxi Normal University,Nanchang,Jiangxi 330022,China;School of Economics,Guangzhou College of Commerce,Guangzhou,Guangdong 511363,China;College of Finance,Jiangxi Normal University,Nanchang,Jiangxi 330022,China)

机构地区：[1]南昌大学人文学院,江西南昌330021 [2]江西师范大学政法学院,江西南昌330022 [3]广州商学院经济学院,广东广州511363 [4]江西师范大学财政金融学院,江西南昌330022

出　　处：《金融经济学研究》2019年第6期105-119,共15页Financial Economics Research

基　　金：教育部人文社会科学基金项目(18YJA790049)、江西省社会科学规划青年项目(17YJ33)。

摘　　要：利用2015和2017年中国家庭金融调查数据(CHFS),分析金融知识对居民有限关注以及居民有限关注对金融行为的影响,在此基础上探讨金融知识对金融行为的影响机制,研究表明,金融知识对居民当期和长期有限关注具有显著正向影响,并能改善居民有限关注;高关注度的居民更倾向于在当期和长期拥有正规银行账户、参与股票市场、风险金融市场、商业保险等金融行为决策,同时高关注度也有助于改善居民金融行为。进一步研究表明,金融知识会通过有限关注渠道影响家庭当期和长期股票市场、风险金融市场、商业保险、社会养老保险参与和信用卡持有。而金融知识通过有限关注渠道只会改善风险金融市场和社会养老保险参与行为。研究结果为通过普及金融知识和开展金融教育培训,注重提升居民对经济、金融等信息的关注度来优化家庭金融行为决策提供了相关的经验证据支撑。Using data from the China Household Finance Survey(CHFS)in 2015 and 2017,this study analyzed the effect of financial knowledge on residents*limited attention and the effect of residents*limited attention on financial behavior,and explored the mechanism for the effect of financial knowledge on financial behavior.This study showed that financial knowledge has a significant positive effect on residents'current and long-term limited attention and might improve residents*limited attention.Residents with a high level of attention are more inclined to make financial behavior decisions,such as having formal bank accounts,participating in stock markets,risky financial markets,and commercial insurance,in the present and in the long term;whereas limited attention also helps to improve residents'financial behavior.Further research found that financial knowledge affects household participation in stock markets,risky financial markets,commercial insurance,and social endowment insurance,as well as household ownership of credit cards in the present and in the long term through limited attention,where financial knowledge would only improve household participation in risky financial markets and social endowment insurance through limited attention.Therefore,it is necessary to spread financial knowl・edge and provide financial education and training,while focusing on raising residents'attention to economic and financial information,in order to optimize financial behavior decision一making among households.

关 键 词：金融知识 有限关注 金融行为 

分 类 号：F830.59[经济管理—金融学]