. -- Trust ; Sociability ; Household Finance ; Stockholding …We investigate the effects of both trust and sociability for stock market participation, the role of which has been … on specific trust to financial institutions from Eurobarometer. We show that trust and sociability have distinct and …

This paper examines the influence of both trust and sociability on stock market participation and their implications …. We show that trust and sociability have distinct and sizeable effects on stock market participation. We find that more … various groups of households, we find that sociability can induce stockholding among the less well off in Sweden, Denmark and …

This paper investigates the importance of both trust and sociability for stock market participation and for differences … in stockholding across Europe. We estimate significant effects for the two, and find that sociability can partly balance … the discouragement effect on stockholding induced by low regional prevailing trust. We test for exogeneity of trust and …

We investigate the effects of both trust and sociability for stock market participation, the role of which has been … on specific trust to financial institutions from Eurobarometer. We show that trust and sociability have distinct and … effect on stockholding induced by low generalized trust in the region of residence. We also show that specific trust in …

This paper studies the importance of stock market literacy and trust for stock ownership decisions. We find that these …, also explain the share of investment in stocks. Once we account for stock market literacy, sociability is no longer … significant for participation; what matters is literacy rather than sociability. Further, we observe that economic shocks and …

market. Understanding the trust processes underlying the decision to invest with financial intermediaries is of particular … can be used to explain the decision to trust – thus, to invest in the financial market. The results show that trust is …