Risk Preference Theory and Family Portfolio -- The Evidence from Chinese Household Finance Survey
- https://doi.org/10.2991/msmi-18.2018.17How to use a DOI?
- Risk preference, Expect, Family portfolio.
This paper studies the factors that influence the Chinese family investment portfolio based on the traditional Sharpe investment theory, the traditional budget constraint subdivided in two aspects of income and wealth, add the forecast factors, combined with Chinese Household Finance Survey micro database to carry on the empirical analysis, the results showed that in addition to the risk attitude of family wealth factor has a significant effect on the portfolio, and expected rates of change on the influence of domestic securities investment is not significant.
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Yi-Chen DONG PY - 2018/04 DA - 2018/04 TI - Risk Preference Theory and Family Portfolio -- The Evidence from Chinese Household Finance Survey BT - Proceedings of the 2018 5th International Conference on Management Science and Management Innovation (MSMI 2018) PB - Atlantis Press SP - 93 EP - 98 SN - 2352-5428 UR - https://doi.org/10.2991/msmi-18.2018.17 DO - https://doi.org/10.2991/msmi-18.2018.17 ID - DONG2018/04 ER -