Personality traits and stock market participation
We analyze the relationship between personality traits and stock market participation. Our sample comes from combining personality trait scores and socioeconomic status information from the Northern Finland Birth Cohort 1966 with data from Finnish Central Securities Depository, the official register...
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ftrepec:oai:RePEc:eee:empfin:v:33:y:2015:i:c:p:34-50 2024-04-14T08:16:33+00:00 Personality traits and stock market participation Conlin, Andrew Kyröläinen, Petri Kaakinen, Marika Järvelin, Marjo-Riitta Perttunen, Jukka Svento, Rauli http://www.sciencedirect.com/science/article/pii/S092753981500064X unknown http://www.sciencedirect.com/science/article/pii/S092753981500064X article ftrepec 2024-03-19T10:30:52Z We analyze the relationship between personality traits and stock market participation. Our sample comes from combining personality trait scores and socioeconomic status information from the Northern Finland Birth Cohort 1966 with data from Finnish Central Securities Depository, the official register of stock holdings in Finland. We find the traits, and especially the subscales of the traits, to be significant predictors of stock market participation. In particular, exploratory excitability, extravagance, sentimentality, and dependence have large effects. One-standard-deviation changes in the subscale scores have marginal effects of up to 4 percentage points on the probability of participating in the stock market. Stock market participation; Personality; Temperament; Article in Journal/Newspaper Northern Finland RePEc (Research Papers in Economics) |
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Open Polar |
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RePEc (Research Papers in Economics) |
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ftrepec |
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unknown |
description |
We analyze the relationship between personality traits and stock market participation. Our sample comes from combining personality trait scores and socioeconomic status information from the Northern Finland Birth Cohort 1966 with data from Finnish Central Securities Depository, the official register of stock holdings in Finland. We find the traits, and especially the subscales of the traits, to be significant predictors of stock market participation. In particular, exploratory excitability, extravagance, sentimentality, and dependence have large effects. One-standard-deviation changes in the subscale scores have marginal effects of up to 4 percentage points on the probability of participating in the stock market. Stock market participation; Personality; Temperament; |
format |
Article in Journal/Newspaper |
author |
Conlin, Andrew Kyröläinen, Petri Kaakinen, Marika Järvelin, Marjo-Riitta Perttunen, Jukka Svento, Rauli |
spellingShingle |
Conlin, Andrew Kyröläinen, Petri Kaakinen, Marika Järvelin, Marjo-Riitta Perttunen, Jukka Svento, Rauli Personality traits and stock market participation |
author_facet |
Conlin, Andrew Kyröläinen, Petri Kaakinen, Marika Järvelin, Marjo-Riitta Perttunen, Jukka Svento, Rauli |
author_sort |
Conlin, Andrew |
title |
Personality traits and stock market participation |
title_short |
Personality traits and stock market participation |
title_full |
Personality traits and stock market participation |
title_fullStr |
Personality traits and stock market participation |
title_full_unstemmed |
Personality traits and stock market participation |
title_sort |
personality traits and stock market participation |
url |
http://www.sciencedirect.com/science/article/pii/S092753981500064X |
genre |
Northern Finland |
genre_facet |
Northern Finland |
op_relation |
http://www.sciencedirect.com/science/article/pii/S092753981500064X |
_version_ |
1796315243835555840 |