Impact of financial literacy on household stock profit level in China.

ABSTRACT: The popularization of financial literacy has become a global trend, with governments across the world expressing commitment to continuously enhancing the financial literacy of their citizens to improve the country's overall financial well-being. However, there is a lack of research evaluating the actual effects of financial literacy on Chinese households. This study first investigated the micro impact of financial literacy on the household stock profit level using data from the 2019 China Household Finance Survey. As most existing studies use factor analysis to measure financial literacy from a single dimension of financial knowledge, our study additionally used the entropy method to construct a composite evaluation system of financial literacy from four dimensions: financial skills, knowl

SUBMITTER: Luo Z 

PROVIDER: S-EPMC10727430 | biostudies-literature | 2023

REPOSITORIES: biostudies-literature