Social interaction, Internet access and stock market participation—An empirical study in China

The role of social interaction in stock market participation is mitigated by the increasing access to Internet * Using a new China's household finance survey, we show that sociable households are less likely to participate in the stock market if they have the access to Internet. * After controlling for Internet access, we find out that social interaction discourages stock market participation. * Sociable households in high participation communities are more likely to participate in the stock market. Social interaction plays an important role in transmitting relevant information to potential in... Mehr ...