摘要
本文利用中国主要69家基金管理公司收集的基金投资者数据,对比普通居民的金融知识水平,研究了基金个人投资者的金融知识和基金投资收益的关系。研究发现,中国基金投资者的金融知识水平高于普通居民。个人投资者自身的金融知识对其基金投资收益水平有显著正向影响,这一影响在考虑了风险态度、受教育水平、投资经验等因素后仍然显著。在金融服务行业蓬勃发展的大环境下,本文为理解金融知识和金融建议间的关系提供了一个新视角。
This paper examines the relationship between individual investors’ financial literacy and their mutual fund investment performance. Based on a unique dataset compiled from 69 large mutual fund management companies in China, the paper finds, according to a survey conducted on a representative population. that the financial literacy of mutual fund investors is greater than that of the public. Additional research reveals that the financial literacy of individual investors presents a significant and positive impact on their mutual fund investment performance level, after considering risk attitudes, educational achievements, investment experience and other factors. In the context of the burgeoning financial sendees industry, the paper provides a new perspective on the relationship between financial literacy and financial advice.
作者
江静琳
王正位
向虹宇
廖理
Jiang Jinglin;Wang Zhengwei;Xiang Hongyu;Liao Li
出处
《世界经济》
CSSCI
北大核心
2019年第8期170-192,共23页
The Journal of World Economy
基金
国家自然科学基金项目(71472100)
教育部人文社会科学青年基金(16YJC790037)的资助
关键词
金融知识
金融建议
基金投资者
投资收益
financial literacy
financial advice
mutual fund investors
investment performance
