Personality traits and stock market participation
| Autor: | Marika Kaakinen, Jukka Perttunen, Petri Kyröläinen, Andrew Conlin, Rauli Svento, Marjo-Riitta Järvelin |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2015 |
| Předmět: |
Economics and Econometrics
NOVELTY SEEKING Economics media_common.quotation_subject Social Sciences Stock market participation PSYCHOLOGY Business & Economics CLONINGERS TEMPERAMENT SCALES 0502 economics and business 1403 Econometrics Personality 1502 Banking Finance And Investment 050207 economics Big Five personality traits Temperament Socioeconomic status Stock (geology) media_common RISK PSYCHOBIOLOGICAL MODEL 050208 finance Actuarial science 05 social sciences OVERCONFIDENCE Novelty seeking CHARACTER SEROTONIN ASSOCIATION Business Finance POLYMORPHISM 8. Economic growth Trait Demographic economics Stock market Finance |
| Popis: | We analyze the relationship between personality traits and stock market participation. Our sample comes from combining personality trait scores and socioeconomic status information from the Northern Finland Birth Cohort 1966 with data from Finnish Central Securities Depository, the official register of stock holdings in Finland. We find the traits, and especially the subscales of the traits, to be significant predictors of stock market participation. In particular, exploratory excitability, extravagance, sentimentality, and dependence have large effects. One-standard-deviation changes in the subscale scores have marginal effects of up to 4 percentage points on the probability of participating in the stock market. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|