EconPapers    
Economics at your fingertips  
 

Study of Risk Preference, Investment Experience and Interpersonal Influence-An Empirical Analysis with Chinese Sample

Xiaoyuan Chu, Yuan Li and Jing Han

Applied Economics and Finance, 2015, vol. 2, issue 4, 170-176

Abstract: This study internalized investment experience on the basis of study of the influence of interpersonal influence on risk preference, and studied the relationship among the interpersonal influence, investment experience and risk preference. Based on the theoretical analysis, with first-hand data collection and using multiple regression models, the paper studied the intermediate effect of investment experience in the relationship between the interpersonal influence and risk preference. We draw on the following conclusions: 1.Investment experience plays a significant intermediate role between friends¡¯ influence and risk preference, and the mediating effect size is about 57.61%. 2. Investment experience is a full intermediate variable between family¡¯s influence and risk preference. 3. Investment experience plays a significant intermediate role between coworkers/classmates¡¯ influence and risk preference, and the mediating effect size is about 55.09%.

Keywords: Interpersonal influence; Investment experience; Risk preference; Mediate Effect (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://redfame.com/journal/index.php/aef/article/view/1181/1150 (application/pdf)
http://redfame.com/journal/index.php/aef/article/view/1181 (text/html)

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:rfa:aefjnl:v:2:y:2015:i:4:p:170-176

Access Statistics for this article

More articles in Applied Economics and Finance from Redfame publishing Contact information at EDIRC.
Series data maintained by Redfame publishing ().

 
Page updated 2017-09-29
Handle: RePEc:rfa:aefjnl:v:2:y:2015:i:4:p:170-176