Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from China
This study aims to investigate the associations between financial education and consumer stock market satisfaction. Consumer financial education is measured through the objective aspect incorporating formal and informal financial knowledge education, and the subjective aspect is reflected through co...
Saved in:
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Wiley
2023-01-01
|
| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2023/7924754 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849406417481498624 |
|---|---|
| author | Fuzhong Chen Ji Zhang Jing Jian Xiao Jinwei Chen |
| author_facet | Fuzhong Chen Ji Zhang Jing Jian Xiao Jinwei Chen |
| author_sort | Fuzhong Chen |
| collection | DOAJ |
| description | This study aims to investigate the associations between financial education and consumer stock market satisfaction. Consumer financial education is measured through the objective aspect incorporating formal and informal financial knowledge education, and the subjective aspect is reflected through consumers’ attitudes toward financial education. Using data from China’s urban consumers, the results indicate a positive association between financial education and consumer stock market satisfaction. The findings suggest that consumers who were financially literate at high schools or colleges are more satisfied in participating in the stock market. Moreover, consumers who spend more money and time, as well as those who think financial education is more important, feel more satisfied in participating in stock market investment activities. The results imply that it is necessary to increase the supply of formal financial education in high schools and universities, encourage consumers to invest more in the informal education of financial knowledge, and promote policymakers to formulate informative policies to make consumers aware of the importance of financial education. |
| format | Article |
| id | doaj-art-4dee9a5186454dec85b112188909f1f2 |
| institution | Kabale University |
| issn | 1607-887X |
| language | English |
| publishDate | 2023-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-4dee9a5186454dec85b112188909f1f22025-08-20T03:36:22ZengWileyDiscrete Dynamics in Nature and Society1607-887X2023-01-01202310.1155/2023/7924754Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from ChinaFuzhong Chen0Ji Zhang1Jing Jian Xiao2Jinwei Chen3The Academy of China Open Economy StudiesSchool of Insurance EconomicsDepartment of Human Development and Family ScienceSchool of EconomicsThis study aims to investigate the associations between financial education and consumer stock market satisfaction. Consumer financial education is measured through the objective aspect incorporating formal and informal financial knowledge education, and the subjective aspect is reflected through consumers’ attitudes toward financial education. Using data from China’s urban consumers, the results indicate a positive association between financial education and consumer stock market satisfaction. The findings suggest that consumers who were financially literate at high schools or colleges are more satisfied in participating in the stock market. Moreover, consumers who spend more money and time, as well as those who think financial education is more important, feel more satisfied in participating in stock market investment activities. The results imply that it is necessary to increase the supply of formal financial education in high schools and universities, encourage consumers to invest more in the informal education of financial knowledge, and promote policymakers to formulate informative policies to make consumers aware of the importance of financial education.http://dx.doi.org/10.1155/2023/7924754 |
| spellingShingle | Fuzhong Chen Ji Zhang Jing Jian Xiao Jinwei Chen Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from China Discrete Dynamics in Nature and Society |
| title | Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from China |
| title_full | Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from China |
| title_fullStr | Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from China |
| title_full_unstemmed | Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from China |
| title_short | Is Financial Education Positively Associated with Consumer Stock Market Satisfaction? Evidence from China |
| title_sort | is financial education positively associated with consumer stock market satisfaction evidence from china |
| url | http://dx.doi.org/10.1155/2023/7924754 |
| work_keys_str_mv | AT fuzhongchen isfinancialeducationpositivelyassociatedwithconsumerstockmarketsatisfactionevidencefromchina AT jizhang isfinancialeducationpositivelyassociatedwithconsumerstockmarketsatisfactionevidencefromchina AT jingjianxiao isfinancialeducationpositivelyassociatedwithconsumerstockmarketsatisfactionevidencefromchina AT jinweichen isfinancialeducationpositivelyassociatedwithconsumerstockmarketsatisfactionevidencefromchina |