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Financial literacy and stock market participation: The moderating effect of country-specific social connectedness
Uppsala University, Disciplinary Domain of Humanities and Social Sciences, Faculty of Social Sciences, Department of Business Studies.
2018 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 HE creditsStudent thesis
Abstract [en]

This research studies the moderating effect of country-specific social connectedness on the relation between financial literacy and stock market participation. This is done by using the extensive and multi-country SHARE data. The positive relation between financial literacy and stock market participation is reconfirmed. Moreover, the findings show that country-specific social connectedness significantly moderates the relation between financial literacy and stock market participation. The findings are robust and indicate that the predictive power of financial literacy on stock market participation decreases if country-specific social connectedness increases. This research is following up on contemporary literature and contributes to the explanation of the stock market participation puzzle on a macroeconomic scale.

Place, publisher, year, edition, pages
2018. , p. 45
Keywords [en]
stock market participation, financial literacy, country-specific social connectedness
National Category
Business Administration
Identifiers
URN: urn:nbn:se:uu:diva-347174OAI: oai:DiVA.org:uu-347174DiVA, id: diva2:1193563
Subject / course
Business Studies
Educational program
Freestanding course
Supervisors
Available from: 2018-03-27 Created: 2018-03-27 Last updated: 2018-03-27Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • ieee
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Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
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  • Other locale
More languages
Output format
  • html
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  • asciidoc
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