Abstract
This paper uses the micro-cross-sectional data from the Chinese Household Finance Survey in 2017 to systematically investigate the influence of house purchasing intention on household participation in the financial market by adopting probit, tobit and bootstrap methods. First, house purchasing intention had a significant positive impact on household participation in the financial market. Second, family risk preference played a significant mediating effect in the relation stated above. The results of the paper revealed that the impact of housing market prosperity on participation in the financial market was not only through the stock of real estate in the housing market but also through house purchasing intention.
Disclosure statement
No potential conflict of interest was reported by the authors.
Xinzhe Xu is affiliated with School of International Business and Management, Sichuan International Studies University, China. Research interests included household finance, household income.
Additional information
Notes on contributors
Zhou Li
Zhou Li is affiliated with School of Economics and Business management, Chongqing University, China. Research interests include financial management, household income, household finance.