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Friday, May 8, 2020 | History

2 edition of Social interaction and stock-market participation found in the catalog.

Social interaction and stock-market participation

Harrison G. Hong

Social interaction and stock-market participation

by Harrison G. Hong

  • 254 Want to read
  • 27 Currently reading

Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

    Subjects:
  • Social interaction.,
  • Stock exchanges.,
  • Stockholders.

  • Edition Notes

    StatementHarrison Hong, Jeffrey D. Kubik, Jeremy C. Stein.
    SeriesNBER working paper series -- no. 8358, Working paper series (National Bureau of Economic Research) -- working paper no. 8358.
    ContributionsKubik, Jeffrey D., Stein, Jeremy C., National Bureau of Economic Research.
    The Physical Object
    Pagination46 p. ;
    Number of Pages46
    ID Numbers
    Open LibraryOL22423405M

    Abstract We propose that stock-market participation is influenced by social interaction. In our model, any given social investor finds the market more attractive when more of his peers participate. Table 4: Social Interaction and Stock Market Participation: Evidence from China.

    The role of social interaction in stock market participation is mitigated by the increasing access to Internet Using a new China’s household finance survey, we show that sociable households are less likely to participate in the stock market if they have the access to by: Those taking part in social interaction must be aware of each other although physical contact is not a necessary condition. Social interaction can be characterized by its form and content. There are three categories of attributes that define the form of the interaction - communication modality, participation rate and communication network.

    Social Interaction and Stock-Market Participation II. Data Our data come from Health and Retirement Study (HRS) administered by the Institute for Social Research at the University of Michigan This survey was first conducted in (this is referred to as Wave 1 of the survey), and. Theory indicates that frictions (e. g., information and transaction costs) could account for the lower than expected stock market participation rates. This paper examines the hypothesis that there has been a fundamental change in participation and links this change to the reduction of these frictions by the advent of the Internet. Using panel data on household participation rates over the past.


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Social interaction and stock-market participation by Harrison G. Hong Download PDF EPUB FB2

ABSTRACT We propose that stock‐market participation is influenced by social interaction. In our model, any given “social” investor finds the market more attractive when more of his peers by:   ABSTRACT We propose that stock‐market participation is influenced by social interaction.

In our model, any given “social” investor finds the market more attractive when more of his peers by: We investigate the idea that stock-market participation is influenced by social interaction. We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is higher.

The model predicts higher participation rates among social investors than among 'non-socials'.Cited by: Abstract. We investigate the idea that stock-market participation is influenced by social interaction.

We build a simple model in which any given "social" investor finds it more attractive to invest in the market when the participation rate among his peers is by:   We investigate the idea that stock-market participation is influenced by social interaction.

We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is higher. The model predicts higher participation rates among social investors than among 'non Cited by: We investigate the idea that stock-market participation is influenced by social interaction.

We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is higher. The model predicts higher participation rates among social investors than among 'non Cited by: Hong, Harrison, Jeffrey D Kubik, and Jeremy C Stein.

“Social Interaction and Stock-Market Participation.” Journal of Finance LIX (1): Cited by: stock-market participation is influenced by social interaction. A priori, this would seem to be a promising hypothesis, given the growing body of empiri-cal research that speaks to the importance of peer-group effects in a variety of other contexts.5 Notably, some of File Size: KB.

We propose that stock-market participation is influenced by social interaction. In our model, any given "social" investor finds the market more attractive when more of his peers participate.

Social engagement, social capital and stock market participation As individuals interact more with others and become more socially engaged there is reason to believe they will be more inclined to participate in the stock by: In accordance with the existing literature, the results reveal that a positive relationship exists between social interaction and stock market participation, when both are measured concurrently.

Furthermore, this relationship prevails across a range of measures of social interaction and social capital. In addition, we make a potentially important contribution to the existing literature by exploiting the panel.

Social Interaction and Stock-Market Participation In the specific setting of the stock market, there are at least two broad channels through which social interaction might influence participation.

The first is word-of-mouth or observational learning (Banerjee (), Bikchandani. Downloadable. We investigate the idea that stock-market participation is influenced by social interaction. We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is higher.

The model predicts higher participation rates among social investors than among 'non-socials'. Downloadable. Author(s): Harrison Hong & Jeffrey D. Kubik & Jeremy C. Stein. Abstract: We investigate the idea that stock-market participation is influenced by social interaction. We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is higher.

Get this from a library. Social interaction and stock-market participation. [Harrison G Hong; Jeffrey D Kubik; Jeremy C Stein; National Bureau of Economic Research.].

We investigate the idea that stock-market participation is influenced by social interaction. We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is higher.

Social Interaction and Stock Market Participation: Evidence from British Panel Data* This paper uses data from the British National Child Development Study to investigate the relationship between social interaction and participation in the stock market through holding stocks and/or shares at.

Abstract: We investigate the idea that stock-market participation is influenced by social interaction. We build a simple model in which any given 'social' investor finds it more attractive to invest in the market when the participation rate among his peers is by:   In accordance with the existing literature, the results reveal that a positive relationship exists between social interaction and stock market participation, when both are measured concurrently.

Furthermore, this relationship prevails across a range of measures of social interaction and social by: 6. N2 - We propose that stock-market participation is influenced by social interaction. In our model, any given "social" investor finds the market more attractive when more of his peers by:.

Thus, other factors affecting the stock market participation are trust (Gambetta, ) and sociability: a high level of trust, together with the network a person belongs to, impact on the.market participation is influenced by social interaction.

A priori, this would seem to be a promising hypothesis, given the growing body of empirical research that speaks to theCited by: communication. Hong et al. (), Brown et al.

(), and Kaustia and Knüpfer () find that social interaction affects stock market participation of individual investors. Moreover, Feng and Seasholes (), Ivković and Weisbenner (), Heimer and Simon (), and Hvide and Östberg () provide evidence.