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Article in Journal ()

Social engagement and stock market participation*

Citation
Changwony F, Campbell K & Tabner I (2015) Social engagement and stock market participation*, Review of Finance, 19 (1), pp. 317-366.

Abstract
We investigate the separate and joint influences of social engagement measures on stock market participation and find that socially engaged individuals are more likely to participate. Consistent with Granovetter's (1973) theory of social networks we find that a weak tie (measured by social group involvement) has a positive effect on stock market participation whereas a strong tie (measured by frequency of talking to neighbours) has no effect. More trusting individuals are more likely to participate in the stock market, as are those who identify with a political party. In contrast, the degree to which religion is important appears to have little impact.

Keywords
A13; D12; D72; G11; Z12

StatusPublished
AuthorsChangwony Fredrick, Campbell Kevin, Tabner Isaac
Publication date03/2015
Publication date online31/01/2014
PublisherOxford University Press
ISSN 1572-3097
LanguageEnglish

Journal
Review of Finance: Volume 19, Issue 1

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