【摘要】：家庭金融投資不僅能夠分散居民家庭資產(chǎn)風(fēng)險、促進(jìn)資產(chǎn)保值與升值,而且也能夠活躍資本市場交易、推動金融體系發(fā)展、維護(hù)經(jīng)濟(jì)平穩(wěn)運(yùn)行,是近年來微觀金融學(xué)研究的熱點之一。本文基于2012-2013年中國綜合社會調(diào)查數(shù)據(jù),研究戶籍身份、社會資本對居民家庭參與金融投資的影響。結(jié)果表明:一是從總體上來看,城市戶籍與社會資本積累對居民家庭參與金融投資具有顯著的促進(jìn)作用,這一作用在金融較為發(fā)達(dá)的城鎮(zhèn)地區(qū)更加明顯;二是從中介效應(yīng)來看,社會資本是戶籍身份影響居民家庭參與金融投資的重要中介,擁有城市戶籍的居民家庭更容易積累社會資本,從而更愿意參與金融投資;三是從交互效應(yīng)來看,社會資本與戶籍身份對居民家庭參與金融投資具有交互作用,社會資本更有助于在城市居住的農(nóng)村戶口家庭參與金融投資。為此,要加大戶籍改革力度,打破戶籍壁壘,增強(qiáng)居民的社會互動和社會資本積累,促進(jìn)居民家庭參與金融投資,為我國金融市場的持續(xù)發(fā)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.
【作者單位】： 安徽財經(jīng)大學(xué)統(tǒng)計與應(yīng)用數(shù)學(xué)學(xué)院;
【分類號】：D631.42;F832
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本文編號：2382910