IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.
Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.
Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.
Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.
E3d Relationship Between Investor's Risky Behavior and Cryptocurrency Investment
Short Description
Recently, the invention of blockchain technology and the introduction of cryptocurrency in the financial market has brought a new era worldwide. Previous research finds that the cryptocurrency market is riskier and more speculative than the stock market because of its high volatility. Using the 2018 and 2021 waves of the National Financial Capability Study (NFCS) Investor Survey dataset, this study investigates the relationship between investors' risky behavior and cryptocurrency investment. The current study uses margin loans and margin calls to measure risky behavior. A margin loan is risky since it needs to be repaid to the broker regardless of whether the investment has a gain or loss. The broker issues a margin call when the value of the investor's margin account falls below the investor's required amount. Consistent with the hypothesis, table 3 shows that the relationship between margin loans and cryptocurrency investment is positive and statistically significant. Specifically, an individual with a margin loan will have a 0.17 higher probability of having a cryptocurrency investment than an individual with no margin loan. Table 4 result shows that an individual with a margin call has a 0.23 higher probability of investing in cryptocurrency than an individual without a margin call.
Type of presentation
Accepted Oral Presentation