Financial literacy or investment experience: which is more influential in cryptocurrency investment?

Zhao, Haidong; Zhang, Lini

doi:10.1108/ijbm-11-2020-0552

Cited by 99 publications

(87 citation statements)

References 51 publications

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“…Due to pricing and stochastic impacts in the market, forecasting cryptocurrency prices is a difficult process. (Zhao, H., et al, (2021) [31]). The link between liquidity volatility and returns of five high capitalization cryptocurrencies is examined.…”

Section: Factors Influencing Consumer Behavioral Intention Towards Cr...mentioning

confidence: 99%

Investors Behavioural Intention of Cryptocurrency Adoption – A Review based Research Agenda

Bhuvana

Aithal

2022

IJAEML

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Purpose: The current study investigates the behavioral intention to use cryptocurrencies. The study's major goal is to prioritize the key motivations behind it mainly Investment in cryptocurrency and to learn the investors behavioral intentions. Design/Methodology: This study examines whether different factors determine the investors towards cryptocurrency usage like Ease of use, Social Impact, Convenience, Trust, Price volatility, Individual believes, Privacy, Risk and Decision making. Findings: This research's findings are intended to provide useful information on behavioral intentions of cryptocurrency users and merchants will be able to construct a viable business strategy to stay competitive. Originality: A literature review is conducted to examine the cryptocurrency usage behavior of Investors. The goal is to review the existing cryptocurrency behavior & try classifying and provide an exhaustive analysis of the determinants influencing the cryptocurrency behavioral intention of its users. Academic references, as well as essential facts and data taken from websites, scholarly articles were used in the study. Paper Type: Review Paper

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Section: Factors Influencing Consumer Behavioral Intention Towards Cr...mentioning

confidence: 99%

Investors Behavioural Intention of Cryptocurrency Adoption – A Review based Research Agenda

Bhuvana

Aithal

2022

IJAEML

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“…Phương pháp nghiên cứu được thực hiện thông qua ba giai đoạn: Kiểm định độ tin cậy của các thang đo trong mô hình, phân tích nhân tố khám phá (EFA), và các mô hình hồi quy để kiểm tra các giả thuyết. Nhân khẩu học bao gồm: Giới tính, tình trạng hôn nhân, kinh nghiệm đầu tư, và thu nhập (Barber & Odean, 2000;Hallahan và cộng sự, 2003;Aren & Hamamci, 2020;Reiter-Gavish và cộng sự, 2021;Zhao & Zhang, 2021). Cụ thể, nam giới thích rủi ro hơn nữ, nhưng lại đạt lợi nhuận thấp hơn nữ (Barber & Odean, 2000).…”

Section: Phương Pháp Và Quy Trình Thu Thập Dữ Liệuunclassified

“…Tóm lại, nghiên cứu tìm thấy nhà đầu tư nam ít căng thẳng khi đầu tư cổ phiếu trong khi dịch bệnh COVID-19 bùng phát và hài lòng về lợi nhuận đạt được hơn nhà đầu tư nữ. Kết quả của nghiên cứu đóng góp thêm vào nghiên cứu về sự ảnh hưởng nhân khẩu học đến các quyết định tài chính (Barber & Odean, 2000;Hallahan và cộng sự, 2003;Aren & Hamamci, 2020;Reiter-Gavish và cộng sự, 2021;Zhao & Zhang, 2021). Kết quả trình bày rằng chỉ có giới tính có ý nghĩa thống kê trong việc giải thích sự căng thẳng và mức độ hài lòng về lợi nhuận của nhà đầu tư.…”

Section: Nhân Khẩu Họcunclassified

Perceived Stress and Perceived Performance: A Study in The Vietnam Stock Market during The Covid-19 Pandemic

Minh

Huu

Văn

2022

JABES

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Literature on the effect of perceived stress and perceived performance is under-explored. Therefore, this study examines this relationship, using the 2021 survey data on 437 individual investors in the Vietnamese stock market, from February to July 2021. The results show that perceived stress has a negative effect on perceived performance after controlling for Big Five traits and demographics. In addition, the perceived stress significantly moderates the association between agreeableness, extraversion, and perceived performance. Male investors are less stressed and more satisfied with the achieved returns than female investors. Our findings have implications for policymakers, especially for financial markets where individual investors are the primary participants, in controlling the COVID-19 epidemic more effectively. More interventions to prevent the spread of the disease help investors reduce stress and increase their satisfaction with profits, which motivates them to continue to participate in the financial market and contribute to the development of the economy.

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“…Х. Чжао и Л. Чжан [27] обнаружили, что инвестиционный опыт оказывает бóльшее влияние на инвестиции в криптовалюту, чем финансовая грамотность, хотя опыт рискованного владения 18 Отношение населения Российской Федерации к различным средствам платежа. Результаты социологического исследования за 2020 год.…”

Section: финансовая грамотность в отношении виртуальных валют как фак...unclassified

Cryptocurrencies vs Central Banks' Digital Currencies: The Role of Financial Literacy

Krylova

Lukashenko

2022

jour

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A bifurcation point has arisen in the transformation of the global monetary and financial system, associated with its further digital transformation: will it be based on private digital currencies like Bitcoin, or on the basis of central bank digital currencies (CBDC)? To a large extent, this depends on the willingness of economic agents to use virtual currencies.The purpose of the study is to explore the factors determining the attitude of economic agents to digital currencies and the impact of financial literacy on using these instruments as an investment object and means of payment.The authors use the following research methods: content analysis, retrospective analysis, methods of comparative cross-country analysis, and empirical research in the form of an online survey of graduate financial students. This study is one of the first to reveal differences in the assessment of their knowledge and readiness to use digital currencies of financial and non-financial students, as well as to confirm an adequate assessment of the risks and opportunities of different types of virtual currencies if students have financial knowledge. The research shows that the situation with the decisionmaking of economic agents on the use of cryptocurrencies and the CBDC differs: in the first case, the initiative comes from the economic agents themselves, who make decisions at their own peril and risk; in the second case, economic agents are confronted with the fact of the existence of the CBDC and the need to use them.The authors conclude that the population’s low financial and digital literacy can create a mental barrier to the use of CBDC, complicating their implementation in national monetary systems. The lack of financial literacy leads to an exaggeration of their knowledge by participants in the cryptocurrency market.

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Financial literacy or investment experience: which is more influential in cryptocurrency investment?

Cited by 99 publications

References 51 publications

Investors Behavioural Intention of Cryptocurrency Adoption – A Review based Research Agenda

Investors Behavioural Intention of Cryptocurrency Adoption – A Review based Research Agenda

Perceived Stress and Perceived Performance: A Study in The Vietnam Stock Market during The Covid-19 Pandemic

Cryptocurrencies vs Central Banks' Digital Currencies: The Role of Financial Literacy

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