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2023 Annual Conference

del 16 al 18 de May del 2023

Palace Station Hotel & Casino, Las Vegas, NV, US

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

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A2c The Impacts of Objective and Subjective Financial Knowledge on Transaction Frequency in Non-Retirement Investments

martes, el 16 de mayo de 2023 a las 15:30–17:00 PDT
Room 2
Short Description

This paper examines the predictors of transaction frequency of non-retirement investments. Using data from the 2018 National Financial Capability Study (NFCS) investor survey, the ordered probit regression model of transaction frequency examines its relationships with financial literacy, financial self-efficacy, risk tolerance, the percentage of stocks, the respondent's age, and gender. The results reveal that financial literacy, financial self-efficacy, and risk tolerance are related positively to transaction frequency. Investors aged 55 or older are less likely to trade frequently than younger people, and male investors trade more often than females. Theory and implication are also provided.

Type of presentation

Accepted Oral Presentation

Submitter

Yan Lu, Texas Tech University

Authors

Yan LU, Texas Tech University
Michael Guillemette, Texas Tech University
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