Information diversity and household portfolio diversification

Liu, Zhifeng; Li, Kaixin; Zhang, Tingting

doi:10.1002/ijfe.2622

Cited by 7 publications

(4 citation statements)

References 32 publications

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“…Individuals' financial literacy includes irrational financial behavior, such as "Risk appetite", depending on their cultural background and work experience. In the processes of social finance, the socio-economic environment in which individuals live is changing, financial information channels are diversifying (Gudmunson and Danes, 2011;Liu et al, 2022), and risk attitudes are changing, and rational financial decisions and behaviors are being made accordingly (Jappelli and Padula, 2013;Yin and Yang, 2022). Therefore, financial literacy can improve households' subjective attitudes toward financial products that are "Risk appetite", improve risk management, and protect against the risks of relative poverty.…”

Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Household financial literacy and relative poverty: An analysis of the psychology of poverty and market participation

2022

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Financial literacy is the significant human capital factor affecting people's ability to obtain financial services. Evaluating the relationship between financial literacy and relative poverty is of great significance to poverty reduction. This study investigated the impacts of financial literacy on relative poverty from the perspective of poverty psychology and market participation using data from the 2017, 2019 China Household Finance Survey (CHFS). The empirical findings showed that financial literacy can alleviate relative household poverty through household participation in entrepreneurial activities, commercial insurance participation and the choice of lending channels. Financial literacy has significant poverty reduction effect on households of continuous operation, reduces the likelihood of exiting operation. Further discussion showed that the poverty reduction effect of financial literacy is more pronounced among households with higher levels of financial literacy, under the age of sixty, low levels of indebtedness and in the eastern region. Our study provides empirical evidence for encouraging market participation and promoting financial literacy and provide valuable recommendations for the policymaker to improve poverty reduction effect in the developing country context.

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Section: Theoretical Background and Hypothesis Developmentmentioning

confidence: 99%

Household financial literacy and relative poverty: An analysis of the psychology of poverty and market participation

2022

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“…Bullet‐screen comment (BSC) is a novel type of user‐generated content that overlays videos on various online platforms, revealing viewers' immediate reactions to the ongoing video content (Liu et al, 2023). BSCs present a unique mode of viewer interaction that is distinct from traditional online word‐of‐mouth.…”

Section: Introductionmentioning

confidence: 99%

“…The content diversity measure is calculated as the cosine dissimilarity of the topic space on users' Facebook pages. Liu et al (2023) constructed a measure of information diversity that integrates the diversity of information channels and information topics.…”

Section: Introductionmentioning

confidence: 99%

It pays to diversify: Effect of bullet‐screen comment diversity on payment

Zhang,

Ma,

Chen

2024

Psychology and Marketing

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Bullet‐screen comments (BSCs), a type of novel user‐generated content for online videos, have been rapidly adopted in recent years. Previous research has focused on consumers' responses to the presence and quantity of BSCs but overlooked their contents. We examine how one characteristic feature of BSCs' content—lexical diversity—affects users' payments. A large‐scale real‐world behavioral data set analysis and three lab studies show that high (vs. low) lexical diversity of BSCs increases viewers' payments in online video streaming contexts (e.g., online videos and live streaming). We further reveal that the positive effect of BSC diversity on payment is mediated by perceived social presence and information richness. We also demonstrate the moderating role of viewers' BSC usage level (heavy vs. light), such that the effect of BSC diversity on payment is significant for heavy BSC users, but diminishes for light users.

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“…First, when firms have high social visibility, they need to retain entrepreneurs with more salaries (Zhang et al ., 2015; Kang and Han, 2017); Secondly, media as an external monitoring mechanism has been seen as a form of constraint governance (Peng and Deya, 2014). For example, Liu and Li (2021) start from the celebrity entrepreneurs' information effect found that entrepreneurs who become celebrities can attract more media attention and reports on themselves, and the illegal costs and negative impacts are much higher than that of the general entrepreneurs. Hoos (2022) suggested that entrepreneurs' visibility is usually regarded as a means of corporate information dissemination from the perspective of entrepreneur's media dependence.…”

Section: Introductionmentioning

confidence: 99%

Entrepreneurs' visibility, media attention and corporate climate risk disclosure – based on Chinese listed companies

2023

JOCM

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PurposeAs China's economy begins to transform into a high-quality development, and under the national “carbon peak and carbon neutral” target, all sectors of society and industries need to transform to green development to varying degrees, coupled with the catalyst of epidemics and other factors, new development requirements are put forward for enterprises to better fulfill their climate risk disclosure behaviors. Thus, it is clear that improving corporate climate risk disclosure is of far-reaching significance to both countries and enterprises.Design/methodology/approachThis study incorporates management science, psychology and other related knowledge fields, based on stakeholder theory and media dependency theory, and aims to improve the level of corporate compliance with climate risk disclosure, suggesting the influence of entrepreneurs' visibility on corporate climate risk disclosure; on this basis, the role of entrepreneurs' visibility and media attention on corporate climate risk disclosure is verified through an empirical model; finally, targeted and effective response strategies are proposed to improve corporate climate risk disclosure, set reasonable media attention and increase the effectiveness of entrepreneurs' visibility.FindingsThis paper establishes a multiple regression model using A-share listed companies in China from 2016 to 2022 as the research sample, verifies the intrinsic association between entrepreneurial visibility and corporate climate risk climate disclosure through empirical analysis, and further examines the mediating role of media attention in the relationship between the two. The results show that entrepreneurs' visibility is positively related to the level of corporate climate risk disclosure, with media attention playing a part in mediating the relationship between the two. Increasing entrepreneurs' visibility is conducive to increasing the level of corporate climate risk disclosure. Therefore, it contributes to the dual incentive effect of reputation and compensation.Originality/valueThis study incorporates management science, psychology and other related knowledge fields, based on stakeholder theory and media dependency theory, and aims to improve the level of corporate compliance with climate risk disclosure, suggesting the influence of entrepreneurs' visibility on corporate climate risk disclosure; on this basis, the role of entrepreneurs' visibility and media attention on corporate climate risk disclosure is verified through an empirical model; finally, targeted and effective response strategies are proposed to improve corporate climate risk disclosure, set reasonable media attention and increase the effectiveness of entrepreneurs' visibility.

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Information diversity and household portfolio diversification

Cited by 7 publications

References 32 publications

Household financial literacy and relative poverty: An analysis of the psychology of poverty and market participation

Household financial literacy and relative poverty: An analysis of the psychology of poverty and market participation

It pays to diversify: Effect of bullet‐screen comment diversity on payment

Entrepreneurs' visibility, media attention and corporate climate risk disclosure – based on Chinese listed companies

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