發(fā)布時間：2019-05-05 08:53

【摘要】：隨著改革開放的深入，家庭積累更多的財富，如何實現(xiàn)家庭資產(chǎn)的增值保值是關(guān)系一個家庭生活質(zhì)量、滿意程度的重要問題。隨著金融市場深度和廣度上的拓展，家庭資產(chǎn)選擇具備更大的空間。家庭資產(chǎn)選擇的研究屬于家庭金融的范疇，深入探究家庭資產(chǎn)選擇行為不僅能夠提升家庭的生活水平，同時為國家相關(guān)部門制定宏觀政策提供依據(jù)，為金融機構(gòu)投資工具創(chuàng)新提供有益建議，為優(yōu)化家庭資產(chǎn)選擇行為提供思路和途徑，由此可以看出深入研究家庭資產(chǎn)選擇行為具有理論意義和實踐意義。 以對家庭資產(chǎn)選擇相關(guān)概念和行為金融學(xué)相關(guān)理論的介紹為出發(fā)點，，從三個層次展開家庭資產(chǎn)選擇行為的研究。首先，對生命周期、財富水平這兩個影響家庭資產(chǎn)選擇行為的基本影響因素進(jìn)行分析。第二，運用行為金融學(xué)中的投資者心態(tài)模型之一的BSV模型從理論上深入探究風(fēng)險態(tài)度、從眾心理、社會信任、投資預(yù)期、投資情緒、過度自信這六類家庭成員認(rèn)知因素的影響機理，并針對家庭成員認(rèn)知程度不同而產(chǎn)生的反應(yīng)過度和反應(yīng)不足提出了糾偏策略，完善和優(yōu)化家庭資產(chǎn)選擇行為。第三，以發(fā)放問卷的形式收集微觀的家庭數(shù)據(jù)，運用因子分析和回歸分析，對于上述提到的影響因素的影響程度進(jìn)行了實證檢驗。通過實證檢驗，驗證了生命周期、財富因素對于家庭資產(chǎn)選擇具有顯著影響，并且影響程度高于其他因素。六類心理認(rèn)知因素較高的家庭，會選取更高比例的證券類資產(chǎn)和實物類資產(chǎn)，而對于貨幣類資產(chǎn)的影響程度不顯著。
[Abstract]:With the deepening of reform and opening-up, families accumulate more wealth. How to realize the value-added value of family assets is an important problem related to the quality of life and satisfaction of a family. With the expansion of the depth and breadth of the financial market, the choice of household assets has more space. The research of family asset choice belongs to the category of family finance. Exploring the behavior of family asset choice can not only improve the standard of living of the family, but also provide the basis for the relevant departments of the country to formulate macro-policy. This paper provides useful suggestions for innovation of investment instruments of financial institutions and provides ideas and approaches for optimizing the behavior of family asset selection, which shows that it is of theoretical and practical significance to study the behavior of household asset selection in depth. Based on the introduction of the concept of family asset selection and behavioral finance theory, the research on family asset selection behavior is carried out from three levels. First of all, the life cycle and wealth level are the two basic influencing factors of family asset selection behavior. Secondly, the BSV model, which is one of the investor psychology models in behavioral finance, is used to probe into the attitude of risk, crowd psychology, social trust, investment expectation and investment sentiment in theory. Overconfidence is the influence mechanism of six kinds of family members' cognitive factors. According to the overreaction and underreaction of family members with different cognitive level, the strategy of correcting bias is put forward to perfect and optimize the family asset selection behavior. Thirdly, the micro-family data were collected in the form of questionnaire, and the influence degree of the factors mentioned above was tested by factor analysis and regression analysis. Through the empirical test, it is proved that the life cycle, wealth factor has a significant impact on household asset selection, and the degree of influence is higher than other factors. Six types of families with higher psychological cognitive factors will choose a higher proportion of securities assets and physical assets, but the degree of influence on monetary assets is not significant.
【學(xué)位授予單位】：哈爾濱工業(yè)大學(xué)
【學(xué)位級別】：碩士
【學(xué)位授予年份】：2012
【分類號】：F832.48

【參考文獻(xiàn)】

相關(guān)期刊論文 前9條

1 鄒紅;喻開志;;我國城鎮(zhèn)居民家庭的金融資產(chǎn)選擇特征分析——基于6個城市家庭的調(diào)查數(shù)據(jù)[J];工業(yè)技術(shù)經(jīng)濟(jì);2009年05期

2 宋軍,吳沖鋒;基于分散度的金融市場的羊群行為研究[J];經(jīng)濟(jì)研究;2001年11期

3 李心丹,王冀寧,傅浩;中國個體證券投資者交易行為的實證研究[J];經(jīng)濟(jì)研究;2002年11期

4 李濤;;參與慣性和投資選擇[J];經(jīng)濟(jì)研究;2007年08期

5 何興強;史衛(wèi);周開國;;背景風(fēng)險與居民風(fēng)險金融資產(chǎn)投資[J];經(jīng)濟(jì)研究;2009年12期

6 吳衛(wèi)星;榮蘋果;徐芊;;健康與家庭資產(chǎn)選擇[J];經(jīng)濟(jì)研究;2011年S1期

7 華天姿;王百強;;中國城市居民家庭房產(chǎn)投資行為研究[J];會計之友;2011年20期

8 鄒紅;喻開志;;我國城鎮(zhèn)居民家庭資產(chǎn)選擇行為研究[J];金融發(fā)展研究;2010年09期

9 徐昆;;談投資工具在家庭生命周期不同階段中的應(yīng)用[J];商業(yè)時代;2010年27期

本文編號：2469431