The neighborhood effects on the online financial investment of rural households: Evidence from China.
Neighborhood effects are a common strategy for rural households to deal with irrational situations such as deficient information and ability. Based on the 2019 CHFS survey data, we designed a Probit model to verify whether neighborhood effects exist in the online financial investment of rural househ...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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Public Library of Science (PLoS)
2024-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0296972 |
| _version_ | 1797224094960189440 |
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| author | Wenxian Li Kefei Han Zhenyu Lao Yuyuan Chen |
| author_facet | Wenxian Li Kefei Han Zhenyu Lao Yuyuan Chen |
| author_sort | Wenxian Li |
| collection | DOAJ |
| description | Neighborhood effects are a common strategy for rural households to deal with irrational situations such as deficient information and ability. Based on the 2019 CHFS survey data, we designed a Probit model to verify whether neighborhood effects exist in the online financial investment of rural households. Our paper constructs a multiple mediation model to explore its mechanism. Otherwise, we execute the heterogeneity analysis by dividing the total sample into groups. Our paper proved that (1) Rural households have significant neighborhood effects on online financial investment. (2) Heterogeneity analysis shows that neighborhood effects are stronger among women, the younger, low-education, and low-income rural households. (3) Through the multiple mediation model, we proved that the neighborhood effects on online financial investment of the peasant household work by the financial knowledge spillover and risk-taking enhancement. Our study conduces to a better understanding of the financial decision-making of rural households, which may provide a practical implication for the popularization of new financial products and the optimal design of policy interventions. |
| first_indexed | 2024-04-24T13:47:40Z |
| format | Article |
| id | doaj.art-e81811ff689c4cabb754c1603012afc7 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-04-24T13:47:40Z |
| publishDate | 2024-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-e81811ff689c4cabb754c1603012afc72024-04-04T05:34:25ZengPublic Library of Science (PLoS)PLoS ONE1932-62032024-01-01193e029697210.1371/journal.pone.0296972The neighborhood effects on the online financial investment of rural households: Evidence from China.Wenxian LiKefei HanZhenyu LaoYuyuan ChenNeighborhood effects are a common strategy for rural households to deal with irrational situations such as deficient information and ability. Based on the 2019 CHFS survey data, we designed a Probit model to verify whether neighborhood effects exist in the online financial investment of rural households. Our paper constructs a multiple mediation model to explore its mechanism. Otherwise, we execute the heterogeneity analysis by dividing the total sample into groups. Our paper proved that (1) Rural households have significant neighborhood effects on online financial investment. (2) Heterogeneity analysis shows that neighborhood effects are stronger among women, the younger, low-education, and low-income rural households. (3) Through the multiple mediation model, we proved that the neighborhood effects on online financial investment of the peasant household work by the financial knowledge spillover and risk-taking enhancement. Our study conduces to a better understanding of the financial decision-making of rural households, which may provide a practical implication for the popularization of new financial products and the optimal design of policy interventions.https://doi.org/10.1371/journal.pone.0296972 |
| spellingShingle | Wenxian Li Kefei Han Zhenyu Lao Yuyuan Chen The neighborhood effects on the online financial investment of rural households: Evidence from China. PLoS ONE |
| title | The neighborhood effects on the online financial investment of rural households: Evidence from China. |
| title_full | The neighborhood effects on the online financial investment of rural households: Evidence from China. |
| title_fullStr | The neighborhood effects on the online financial investment of rural households: Evidence from China. |
| title_full_unstemmed | The neighborhood effects on the online financial investment of rural households: Evidence from China. |
| title_short | The neighborhood effects on the online financial investment of rural households: Evidence from China. |
| title_sort | neighborhood effects on the online financial investment of rural households evidence from china |
| url | https://doi.org/10.1371/journal.pone.0296972 |
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