Who’s listening? Heterogeneous Impact of Social Interaction on Individuals’ Stock Market Participation

Emma Zetterdahl () and Jörgen Hellström ()
Additional contact information
Emma Zetterdahl: Department of Economics, Umeå School of Business and Economics, Postal: Umeå University, S 901 87 Umeå, Sweden
Jörgen Hellström: Umeå School of Business and Economics, Postal: Umeå University, S 901 87 Umeå, Sweden

No 904, Umeå Economic Studies from Umeå University, Department of Economics

Abstract: Novel evidence is provided indicating that the influence from family (parents and partners) and peer social interaction on individuals’ stock market participation vary over different types of individuals. Focusing on distinct features of concern for the social interaction process, results imply that individuals’ exposure to, and valuation of, stock market related social signals are of importance and thus, contribute to the understanding of the heterogeneous influence of social interaction. Overall, the results are interesting and enhance the understanding of the underlying mechanisms of social interaction on individuals’ financial decision making.

Keywords: Investor behavior; family effects; peer effects; financial literacy; social trust (search for similar items in EconPapers)
JEL-codes: D03 D14 D83 G02 G11 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2015-03-11
New Economics Papers: this item is included in nep-soc
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.econ.umu.se/DownloadAsset.action?conten ... Id=3&assetKey=ues904 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hhs:umnees:0904

Access Statistics for this paper

More papers in Umeå Economic Studies from Umeå University, Department of Economics Department of Economics, Umeå University, S-901 87 Umeå, Sweden. Contact information at EDIRC.
Bibliographic data for series maintained by David Skog ().