CAJ | 학술논문

本文使用中国家庭金融调查2013年数据，采用OLS、有序Probit模型研究了金融知识对家庭投资组合多样性的影响。发现金融知识水平对家庭风险资产配置种类的多样性有显著正向影响，金融知识水平越高的家庭，越倾向于投资更多种类的金融产品。进一步研究发现，金融知识水平对家庭股票投资组合的多样性也有显著影响。进一步普及金融知识，引导投资者理性地参与投资，将会促进我国金融市场健康稳定发展。
본문사용중국가정금융조사2013년수거，채용OLS、유서Probit모형연구료금융지식대가정투자조합다양성적영향。발현금융지식수평대가정풍험자산배치충류적다양성유현저정향영향，금융지식수평월고적가정，월경향우투자경다충류적금융산품。진일보연구발현，금융지식수평대가정고표투자조합적다양성야유현저영향。진일보보급금융지식，인도투자자이성지삼여투자，장회촉진아국금융시장건강은정발전。
This paper uses the data from the financial investigation on Chinese households in 2013 and adopts OLS and ordered Probit model to study the impact of financial knowledge on the diversity of family portfolio. We find that the level of finan- cial knowledge has a significant positive impact on the diversity of the types of family risk assets, and that the higher level its financial knowledge is, the more types of financial products the family tends to hold. Further studies find that financial knowledge level has a significant impact on the diversity of family stock portfolio, and that the accumulation of investment experiences will make it more diversified. The policy implications for this paper lie in that the government should further popularize financial knowledge, guide investors to be involved in financial market in a rational way, and promote health and stable development of China＇ s financial market.