Personality traits and stock market participation
Abstract 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...
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ftunivoulu:oai:oulu.fi:nbnfi-fe2018060825564 2023-07-30T04:05:49+02:00 Personality traits and stock market participation Conlin, A. (Andrew) Kyröläinen, P. (Petri) Kaakinen, M. (Marika) Järvelin, M.-R. (Marjo-Riitta) Perttunen, J. (Jukka) Svento, R. (Rauli) 2015 application/pdf http://urn.fi/urn:nbn:fi-fe2018060825564 eng eng Elsevier info:eu-repo/grantAgreement/EC/FP7/277849/EU/European ResearcH on DevElopmentAL, BirtH and Genetic Determinants of Ageing/EURHEALTHAGEING info:eu-repo/semantics/openAccess © 2015. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ https://creativecommons.org/licenses/by-nc-nd/4.0/ Personality Stock market participation Temperament info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion 2015 ftunivoulu 2023-07-08T19:53:58Z Abstract 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. Article in Journal/Newspaper Northern Finland Jultika - University of Oulu repository |
institution |
Open Polar |
collection |
Jultika - University of Oulu repository |
op_collection_id |
ftunivoulu |
language |
English |
topic |
Personality Stock market participation Temperament |
spellingShingle |
Personality Stock market participation Temperament Conlin, A. (Andrew) Kyröläinen, P. (Petri) Kaakinen, M. (Marika) Järvelin, M.-R. (Marjo-Riitta) Perttunen, J. (Jukka) Svento, R. (Rauli) Personality traits and stock market participation |
topic_facet |
Personality Stock market participation Temperament |
description |
Abstract 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. |
format |
Article in Journal/Newspaper |
author |
Conlin, A. (Andrew) Kyröläinen, P. (Petri) Kaakinen, M. (Marika) Järvelin, M.-R. (Marjo-Riitta) Perttunen, J. (Jukka) Svento, R. (Rauli) |
author_facet |
Conlin, A. (Andrew) Kyröläinen, P. (Petri) Kaakinen, M. (Marika) Järvelin, M.-R. (Marjo-Riitta) Perttunen, J. (Jukka) Svento, R. (Rauli) |
author_sort |
Conlin, A. (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 |
publisher |
Elsevier |
publishDate |
2015 |
url |
http://urn.fi/urn:nbn:fi-fe2018060825564 |
genre |
Northern Finland |
genre_facet |
Northern Finland |
op_relation |
info:eu-repo/grantAgreement/EC/FP7/277849/EU/European ResearcH on DevElopmentAL, BirtH and Genetic Determinants of Ageing/EURHEALTHAGEING |
op_rights |
info:eu-repo/semantics/openAccess © 2015. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ https://creativecommons.org/licenses/by-nc-nd/4.0/ |
_version_ |
1772817986024898560 |