户籍身份、社会资本与家庭金融投资——基于中介效应与交互效应的微观研究
发布时间：2018-12-16 19:18
【摘要】：家庭金融投资不仅能够分散居民家庭资产风险、促进资产保值与升值,而且也能够活跃资本市场交易、推动金融体系发展、维护经济平稳运行,是近年来微观金融学研究的热点之一。本文基于2012-2013年中国综合社会调查数据,研究户籍身份、社会资本对居民家庭参与金融投资的影响。结果表明:一是从总体上来看,城市户籍与社会资本积累对居民家庭参与金融投资具有显著的促进作用,这一作用在金融较为发达的城镇地区更加明显;二是从中介效应来看,社会资本是户籍身份影响居民家庭参与金融投资的重要中介,拥有城市户籍的居民家庭更容易积累社会资本,从而更愿意参与金融投资;三是从交互效应来看,社会资本与户籍身份对居民家庭参与金融投资具有交互作用,社会资本更有助于在城市居住的农村户口家庭参与金融投资。为此,要加大户籍改革力度,打破户籍壁垒,增强居民的社会互动和社会资本积累,促进居民家庭参与金融投资,为我国金融市场的持续发展提供有效支持。
[Abstract]:Family financial investment can not only disperse the risk of household assets, promote the preservation and appreciation of assets, but also activate capital market transactions, promote the development of the financial system, and maintain the smooth operation of the economy. It is one of the hotspots of micro finance research in recent years. Based on the comprehensive social survey data of China in 2012-2013, this paper studies the impact of household registration and social capital on household participation in financial investment. The results show that: first, the urban household registration and the accumulation of social capital play a significant role in promoting households' participation in financial investment, especially in the urban areas where the finance is more developed; Second, from the perspective of intermediary effect, social capital is an important intermediary that the household registration status affects the household participation in financial investment. It is easier for households with urban household registration to accumulate social capital, so they are more willing to participate in financial investment. The third is that social capital and household registration have interactive effects on the participation of households in financial investment, and social capital is more conducive to the participation of rural household in urban areas in financial investment. Therefore, it is necessary to strengthen the reform of household registration, break down the barrier of household registration, strengthen the social interaction and accumulation of social capital of residents, promote the participation of households in financial investment, and provide effective support for the sustainable development of financial market in China.
【作者单位】： 安徽财经大学统计与应用数学学院;
【分类号】：D631.42;F832
，
本文编号：2382910
[Abstract]:Family financial investment can not only disperse the risk of household assets, promote the preservation and appreciation of assets, but also activate capital market transactions, promote the development of the financial system, and maintain the smooth operation of the economy. It is one of the hotspots of micro finance research in recent years. Based on the comprehensive social survey data of China in 2012-2013, this paper studies the impact of household registration and social capital on household participation in financial investment. The results show that: first, the urban household registration and the accumulation of social capital play a significant role in promoting households' participation in financial investment, especially in the urban areas where the finance is more developed; Second, from the perspective of intermediary effect, social capital is an important intermediary that the household registration status affects the household participation in financial investment. It is easier for households with urban household registration to accumulate social capital, so they are more willing to participate in financial investment. The third is that social capital and household registration have interactive effects on the participation of households in financial investment, and social capital is more conducive to the participation of rural household in urban areas in financial investment. Therefore, it is necessary to strengthen the reform of household registration, break down the barrier of household registration, strengthen the social interaction and accumulation of social capital of residents, promote the participation of households in financial investment, and provide effective support for the sustainable development of financial market in China.
【作者单位】： 安徽财经大学统计与应用数学学院;
【分类号】：D631.42;F832
，
本文编号：2382910
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