本文選題：家庭金融資產 + 資產配置　； 參考：《哈爾濱工業(yè)大學》2012年碩士論文

【摘要】：隨著居民收入水平的不斷提高和金融工具的逐步多樣化，家庭金融資產配置的空間也逐漸變大。家庭金融資產在整個經濟系統(tǒng)中所占的比重的增大使得家庭金融資產在國民經濟中的地位也越來越重要。與此同時，家庭金融也已成為一個與公司金融和資產定價同等重要的前沿研究領域。從微觀角度看，研究家庭金融資產配置有利于提高家庭福利，對家庭進行理性的資產配置決策具有重大的指導意義。從宏觀角度看，對家庭金融資產配置進行研究，可以了解家庭的投資偏好，對金融機構相關金融工具的創(chuàng)新和國家相關金融政策的制定具有一定的現(xiàn)實意義。由此可以看出對家庭金融資產配置進行深入研究具有重要的理論意義和現(xiàn)實意義。 家庭金融資產配置是一個復雜的過程，以金融資產組合選擇理論、消費—儲蓄理論以及貨幣需求理論為研究基礎，從三個層次展開對家庭金融資產配置的研究。首先，考慮到家庭金融資產配置影響因素的繁雜性，，將影響因素分為家庭內部和外部因素進行分析。其中家庭內部因素中分析了生命周期效應、教育程度以及財富效應的影響；外部因素中分析了社會互動和社會信任的影響。其次，在對影響因素分析的基礎上，通過構建家庭金融資產配置決策的一般框架以解決家庭金融資產配置決策缺乏理性考慮的問題。將家庭金融資產配置決策分為基礎階段、實施階段以及再平衡階段三個階段進行了分析。最后，鑒于決策過程中基礎階段和再平衡階段都需要考慮家庭自身特征，并且根據(jù)所研究的五個因素進行實證分析。以發(fā)放問卷的形式，收集到227個樣本，利用相關性分析初步驗證了五個因素對家庭金融資產配置的影響關系。在此基礎上，通過資產分配模型對家庭金融資產配置的影響因素進行多元回歸分析。回歸結果認為：家庭金融資產配置具有顯著的生命周期效應，且影響作用最大；同時具有財富效應，這種財富效應主要是通過月收入來體現(xiàn)；社會互動程度能夠增加證券類金融資產配置的深度。
[Abstract]:With the improvement of income level and the diversification of financial instruments, the space of household financial assets allocation becomes larger. The increasing proportion of household financial assets in the whole economic system makes the household financial assets more and more important in the national economy. At the same time, household finance has become an area of research that is as important as corporate finance and asset pricing. From the microcosmic point of view, the study of family financial asset allocation is beneficial to the improvement of family welfare, and has great guiding significance for the rational asset allocation decision of families. From the macro point of view, the study on the allocation of household financial assets can understand the investment preferences of households, and has a certain practical significance for the innovation of financial instruments related to financial institutions and the formulation of relevant national financial policies. Therefore, it is of great theoretical and practical significance to study the allocation of household financial assets. Household financial asset allocation is a complex process. Based on the theory of financial portfolio selection, consumption-saving theory and money demand theory, the research on household financial asset allocation is carried out from three levels. Firstly, considering the complexity of the influencing factors of household financial asset allocation, the factors are divided into internal and external factors. Among them, the influence of life cycle effect, education level and wealth effect is analyzed in the internal factors of the family, and the influence of social interaction and social trust is analyzed in the external factor. Secondly, on the basis of the analysis of the influencing factors, a general framework of household financial asset allocation decision is constructed to solve the problem that the household financial asset allocation decision lacks rational consideration. The household financial asset allocation decision is divided into three stages: the basic stage, the implementation stage and the rebalancing stage. Finally, in view of the fact that both the basic stage and the rebalancing stage in the decision-making process need to consider the family's own characteristics, the empirical analysis is carried out according to the five factors studied. In the form of questionnaire, 227 samples were collected, and the influence of five factors on household financial asset allocation was preliminarily verified by correlation analysis. On this basis, multivariate regression analysis is carried out on the influencing factors of household financial asset allocation through asset allocation model. The regression results show that: household financial asset allocation has significant life-cycle effect and has the greatest influence, and also has wealth effect, which is mainly reflected by monthly income. The degree of social interaction can increase the depth of the allocation of securities financial assets.
【學位授予單位】：哈爾濱工業(yè)大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.48

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本文編號：1982798