Perceived risk and debt behaviour in the stock market: A survey of investors in Vietnam

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dc.citation.issue1
dc.citation.volume10
dc.contributor.authorPhung TMT
dc.contributor.authorHsu W-H
dc.contributor.authorNaylor MJ
dc.contributor.authorYoung MR
dc.contributor.editorMcMillan D
dc.date.accessioned2024-04-12T02:58:20Z
dc.date.accessioned2024-07-25T06:34:53Z
dc.date.available2022-08-24
dc.date.available2024-04-12T02:58:20Z
dc.date.available2024-07-25T06:34:53Z
dc.date.issued2022-08-24
dc.description.abstractWhile informal debt is often used as a funding source for retail investors, very little is known about the characteristics of its sources and use. This is particularly true in emerging markets where the use of informal debt is widespread. We examine the determinants of the use of informal debt of individual investors in the Vietnam stock market and find that perceived risk has a positive impact on informal debt decisions, that borrowing sources are primarily from parents and friends and that experience, wealth and borrowing sources have a positive impact. We also find that women perceive higher risks in stock investments than men do.The policy implication is that informal debt sources play a significant part in stock market development, and therefore, a greater level of attention needs to be paid to them. Policies need to be developed that increase and manage informal sources of investment finance.
dc.description.confidentialfalse
dc.edition.edition2022
dc.identifier.citationPhung TMT, Hsu WH, Naylor MJ, Young MR. (2022). Perceived risk and debt behaviour in the stock market: A survey of investors in Vietnam. Cogent Economics and Finance. 10. 1.
dc.identifier.doi10.1080/23322039.2022.2111811
dc.identifier.eissn2332-2039
dc.identifier.elements-typejournal-article
dc.identifier.number2111811
dc.identifier.urihttps://mro.massey.ac.nz/handle/10179/70465
dc.languageEnglish
dc.publisherTaylor & Francis Group
dc.publisher.urihttps://www.tandfonline.com/doi/full/10.1080/23322039.2022.2111811
dc.relation.isPartOfCogent Economics and Finance
dc.rights(c) 2022 The Author/s
dc.rightsCC BY 4.0
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectinformal debt
dc.subjectinformal sources
dc.subjectperceived risk
dc.subjectstock investment
dc.titlePerceived risk and debt behaviour in the stock market: A survey of investors in Vietnam
dc.typeJournal article
pubs.elements-id455708
pubs.organisational-groupOther
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