Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households?
With the development of economy, the middle class families have become the backbone of the society, and efficient family financial asset allocation is undoubtedly of great significance for their realization of wealth creation, preservation and transmission. Based on the CHFS database, this paper emp...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2023-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2023/12/shsconf_icssed2023_01030.pdf |
| _version_ | 1797835143028670464 |
|---|---|
| author | Shen Lei Yang Hui Ting |
| author_facet | Shen Lei Yang Hui Ting |
| author_sort | Shen Lei |
| collection | DOAJ |
| description | With the development of economy, the middle class families have become the backbone of the society, and efficient family financial asset allocation is undoubtedly of great significance for their realization of wealth creation, preservation and transmission. Based on the CHFS database, this paper empirically examines the impact of digital finance development on the efficiency of financial asset allocation of middle class households and the transmission path. It is found that the development of digital finance can significantly improve the financial asset allocation efficiency of middle class families mainly through promoting social interaction, improving financial literacy and increasing risk appetite. |
| first_indexed | 2024-04-09T14:49:34Z |
| format | Article |
| id | doaj.art-159e8023a99d444c90c1e664684b397f |
| institution | Directory Open Access Journal |
| issn | 2261-2424 |
| language | English |
| last_indexed | 2024-04-09T14:49:34Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | SHS Web of Conferences |
| spelling | doaj.art-159e8023a99d444c90c1e664684b397f2023-05-02T09:41:59ZengEDP SciencesSHS Web of Conferences2261-24242023-01-011630103010.1051/shsconf/202316301030shsconf_icssed2023_01030Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households?Shen Lei0Yang Hui Ting1School of EconomicsSchool of EconomicsWith the development of economy, the middle class families have become the backbone of the society, and efficient family financial asset allocation is undoubtedly of great significance for their realization of wealth creation, preservation and transmission. Based on the CHFS database, this paper empirically examines the impact of digital finance development on the efficiency of financial asset allocation of middle class households and the transmission path. It is found that the development of digital finance can significantly improve the financial asset allocation efficiency of middle class families mainly through promoting social interaction, improving financial literacy and increasing risk appetite.https://www.shs-conferences.org/articles/shsconf/pdf/2023/12/shsconf_icssed2023_01030.pdf |
| spellingShingle | Shen Lei Yang Hui Ting Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households? SHS Web of Conferences |
| title | Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households? |
| title_full | Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households? |
| title_fullStr | Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households? |
| title_full_unstemmed | Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households? |
| title_short | Can the Development of Digital Finance Improve the Financial Asset Allocation Efficiency of Middle Class Households? |
| title_sort | can the development of digital finance improve the financial asset allocation efficiency of middle class households |
| url | https://www.shs-conferences.org/articles/shsconf/pdf/2023/12/shsconf_icssed2023_01030.pdf |
| work_keys_str_mv | AT shenlei canthedevelopmentofdigitalfinanceimprovethefinancialassetallocationefficiencyofmiddleclasshouseholds AT yanghuiting canthedevelopmentofdigitalfinanceimprovethefinancialassetallocationefficiencyofmiddleclasshouseholds |