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Thesis_Zhujun Cheng.pdf (430.22 KB)

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Risk Tolerance and Stock Holding Behavior After the Great Recession

Cheng, Zhujun
http://orcid.org/0000-0002-3069-1442
http://rave.ohiolink.edu/etdc/view?acc_num=osu155510722643481

Abstract Details

2019, Master of Science, Ohio State University, Consumer Sciences.
Stock holding is an important wealth accumulation tool for individual households. Previous studies have shown that risk tolerance is positively associated with stock holdings. During the Great Recession household wealth suffered great loss because of the financial crisis; however, the stock market has experienced recovery since the end of 2009. In this study, we explore the over time effects of each risk tolerance on the household direct and indirect stock holding behavior. We hypothesize that both direct and indirect stock ownership increased at each level of risk tolerance since the Great Recession. The empirical results show that, contrary to our hypothesis, indirect stock ownership did not increase. For the households who are willing to take no risk or take average risk, indirect stock ownership remained quite stable. There was a slight decrease of indirect stock ownership at the risk tolerance level of taking above average risk. Similarly, direct stock ownership appeared to decrease or slightly decrease at the risk tolerance levels of taking no risk and taking above average risk. Direct stock ownership stayed stable at the risk tolerance level of taking average risk.
Tansel Yilmazer, PH.D, CFP (Advisor)
Sherman Hanna, PH.D, CFP (Committee Member)
Caezilia Loibl, PH.D, CFP (Committee Member)
52 p.
Behavioral Sciences
Risk tolerance; Stock ownership

Recommended Citations

Citations

  • Cheng, Z. (2019). Risk Tolerance and Stock Holding Behavior After the Great Recession [Master's thesis, Ohio State University]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=osu155510722643481

    APA Style (7th edition)

  • Cheng, Zhujun. Risk Tolerance and Stock Holding Behavior After the Great Recession. 2019. Ohio State University, Master's thesis. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=osu155510722643481.

    MLA Style (8th edition)

  • Cheng, Zhujun. "Risk Tolerance and Stock Holding Behavior After the Great Recession." Master's thesis, Ohio State University, 2019. http://rave.ohiolink.edu/etdc/view?acc_num=osu155510722643481

    Chicago Manual of Style (17th edition)

osu155510722643481
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© 2019, all rights reserved.
This open access ETD is published by The Ohio State University and OhioLINK.