Consumer risk preference and financial credit: Moderating role of family factors in China

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2025-03-06 DOI:10.1016/j.frl.2025.107163

Xin Liu , Hua Nie , Ruofei Wang

引用次数: 0

Abstract

This study investigates how consumer risk preferences affect financial credit participation in China, focusing on moderating roles of family size and regional differences. The data analysis of 19,248 households using generalized linear models shows that higher risk aversion significantly reduces the likelihood of obtaining financial credit. Family size exacerbates this effect, as larger households strengthen the negative link between risk preference and credit participation. Regional variations indicate that the impact of family size is strongest in Central China, where the economy is transitioning, weaker in economically advanced East China, and negligible in less developed West China.

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中国消费者风险偏好与金融信用：家庭因素的调节作用

本研究探讨了中国消费者风险偏好对金融信贷参与的影响，重点探讨了家庭规模和地区差异的调节作用。采用广义线性模型对19248户家庭的数据分析表明，较高的风险厌恶显著降低了获得金融信贷的可能性。家庭规模加剧了这种影响，因为较大的家庭强化了风险偏好与信贷参与之间的负相关关系。区域差异表明，家庭规模的影响在经济转型的华中地区最强，在经济发达的华东地区较弱，在欠发达的西部地区可以忽略不计。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance