Author(s)

Xinzhe Xu ¹, Jianyang Yi ¹

Affiliation(s)

¹ School of International Business and Management, Sichuan International Studies University, Chongqing, China

Corresponding Author

Xinzhe Xu

ABSTRACT

This paper utilizes data from the China Household Finance Survey 2017 and employs Probit model, Ordered Logit model and Bootstrap method to investigate the impact of internet device preference on household participation in risk financial markets and the transmission mechanisms. The research reveals that using a computer as the primary internet device has a significantly positive effect on the probability and extent of household participation in risk financial markets. This conclusion remains robust after conducting robustness tests by replacing the explained variable and endogenous treatment. Furthermore, financial information plays a significant mediating role in the effect of internet device preferences on household participation in risk financial markets. These conclusions elucidate how internet devices impact household financial behaviors through information acquisition, providing insights for pertinent institutions to formulate policies aimed at guiding households in utilizing digital technologies for economic activities.

KEYWORDS

Portfolio Choice; Household Finance; Asset Allocation; Internet Device Preference

CITE THIS PAPER

Xinzhe Xu, Jianyang Yi, The Impact of Internet Device Preference on Household Participation in Risk Financial Markets. Information Systems and Economics (2024) Vol. 5: 132-140. DOI: http://dx.doi.org/10.23977/infse.2024.050118.

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