A participación no mercado de valoresPor que invisten os individuos?

  1. TANIA PUMARES IGLESIAS 1
  2. SARA FERNÁNDEZ LÓPEZ 1
  3. MILAGROS VIVEL BÚA 1
  4. LUCÍA REY ARES 1
  1. 1 Facultade de Ciencias Económicas e Empresariáis. Universidade de Santiago de Compostela
Journal:
Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais

ISSN: 1132-2799

Year of publication: 2015

Volume: 24

Issue: 1

Pages: 21-34

Type: Article

DOI: 10.15304/RGE.24.1.2681 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Revista galega de economía: Publicación Interdisciplinar da Facultade de Ciencias Económicas e Empresariais

Abstract

Stock market participation is an issue which has been studied since the 90’s, but academics are still worried about it nowadays because of the persistence of low participation rates. This paper studies the factors which drive stock market participation through probit estimations. The dependent variable groups direct stock market participation (having stocks) and indirect stock market participation (having mutual funds participations). The results show that age, education, risk attitudes and use of internet are key variables to explain household stock market participation in Spain.

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Data source: Dialnet