How do personality traits mediate the association between financial literacy and stock market participation?

2022 Fiscal Year Final Research Report

• Project/Area Number: 19K13684
• Research Category: Grant-in-Aid for Early-Career Scientists
• Allocation Type: Multi-year Fund
• Review Section: Basic Section 07040:Economic policy-related
• Research Institution: Hiroshima University
• Principal Investigator: Khan Mostafa 広島大学, 人間社会科学研究科(社), 研究員 (00825846)
• Project Period (FY): 2019-04-01 – 2023-03-31
• Keywords: Financial literacy

Outline of Final Research Achievements

This project went very well in general. The research outputs include 31
academic papers and 2 coauthored books: 4 papers for FY2019; 5 papers for FY2020, 12 papers for FY2021; and 9 papers and 1 book for FY2022. The journals that appeared include Frontiers in Public Health: Health Economics, Journal of Gambling Studies, International Journal of Environmental Research and Public Health: Health Economics, and Journal of Consumer Affairs. The research contributions are not just to the field of financial literacy but also to the relationship between financial literacy and risk-aversive behaviors in terms of household finance and
health-related behaviors.

Free Research Field

Household Finance

Academic Significance and Societal Importance of the Research Achievements

人々の資産運用を促進する視座から、金融リテラシーと証券市場参入の関係を分析した。金融リテラシーと証券市場参入の関係においては詳細な家計情報を用い、また国際比較の視座も加えた貴重なエビデンスを多数提示することができた。また、金融リテラシーは証券市場の参入のみならず、健康を含む家計の様々なリスクを回避する行動を促進することがわかり、その点での実証的なエビデンスの提示を進めた。