HANEHALKI FİNANSAL VARLIK SEÇİMİNİN SOSYAL BELİRLEYİCİLERİ

Yıl 2024, Sayı: 43, 91 – 108, 05.05.2024

Behice Canatan , Gökhan Özbilge , Egemen İpek

https://doi.org/10.18092/ulikidince.1416671

Öz

This study investigates the possible effects of social factors and attitudes towards risk, including financial specialists, media, politicians, religious/spiritual opinion leaders, and business circles, on individuals’ preferences for selected traditional, risky, and innovative financial assets. The concrete outputs of the study obtained with the help of the logit model are based on the micro data set of the 2019 Household Financial Perception and Attitude Survey published by the Finance Office of the Presidency of Türkiye. The findings confirm that increases in individuals’ attitudes towards risk will increase the probability of choosing risky and innovative assets and diversified portfolio compositions with these assets. On the other hand, individuals’ financial asset choices are significantly influenced by social/environmental factors. More strikingly, it should be emphasized that among these factors, the positive effects of financial professionals are lower than those of the business environment, religious/spiritual opinion leaders, and the media. It is essential to carefully monitor the effects of media and religious/opinion leaders, especially when shifting to riskier assets and their combinations in terms of financial assets, in order to formulate policy recommendations.

Anahtar Kelimeler

Household, Financial Assets Choice, Attitude Towards Risk, Social Background, Logit

Kaynakça

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  • Al-Nassar, N. S., ve Bhatti, R. H. (2019). Are Common Stocks a Hedge Against Inflation in Emerging Markets? Journal of Economics and Finance, 43, 421-455.
  • Alonso, S. L. N., Jorge-Vázquez, J., Rodríguez, P. A., ve Hernández, B. M. S. (2023). Gender Gap in The Ownership and Use of Cryptocurrencies: Empirical Evidence from Spain. Journal of Open Innovation: Technology, Market, and Complexity, 9(3), 100103.
  • Arias-Oliva, M., de Andrés-Sánchez, J., ve Pelegrín-Borondo, J. (2021). Fuzzy Set Qualitative Comparative Analysis of Factors Influencing The Use of Cryptocurrencies in Spanish Households. Mathematics, 9(4), 324.
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  • Bouri, E., Gupta, R., ve Roubaud, D. (2019). Herding Behaviour in Cryptocurrencies. Finance Research Letters, 29, 216-221.
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HANEHALKI FİNANSAL VARLIK SEÇİMİNİN SOSYAL BELİRLEYİCİLERİ

Yıl 2024, Sayı: 43, 91 – 108, 05.05.2024

Behice Canatan , Gökhan Özbilge , Egemen İpek

https://doi.org/10.18092/ulikidince.1416671

Öz

Bu çalışmanın amacı, bireylerin finans uzmanları, medya, siyasetçiler, dini/manevi kanaat önderleri ve iş çevrelerinden oluşan sosyal faktörleri ile riske karşı tutumlarının, seçili geleneksel, riskli ve yenilikçi finansal varlık tercihleri üzerindeki muhtemel etkilerini araştırmaktır. Çalışmanın Türkiye örneklemi için logit model yardımıyla elde edilen somut çıktıları, Cumhurbaşkanlığı Finans Ofisi tarafından yayınlanan 2019 yılı Hanehalkı Finansal Algı ve Tutum Araştırması mikro veri setine dayanmaktadır. Elde edilen bulgular, bireylerin riske karşı tutumlarında meydana gelen artışın hem riskli ve yenilikçi varlıkların hem de bu varlıklarla çeşitlendirilen portföy bileşimlerinin tercih edilme olasılığını artıracağını doğrulamaktadır. Diğer yandan bireylerin finansal varlık seçimlerinin önemli ölçüde sosyal/çevresel faktörlerden etkilendiği anlaşılmaktadır. Daha çarpıcı olarak vurgulanması gereken, bu faktörlerden finans uzmanlarının pozitif etkilerinin iş çevresi, dini/manevi kanaat önderleri ve medyanın etkilerinden daha düşük oluşudur. Özellikle finansal varlıklar açısından daha riskli varlıklara ve bunların bileşimlerine geçildiğinde artan medya ve dini/kanaat önderlerine ait etkilerin dikkatle izlenmesi konuyla ilgili oluşturulabilecek politika önerileri açısından önem arz etmektedir.

Anahtar Kelimeler

Hanehalkı, Finansal Varlık Seçimi, Riske Karşı Tutum, Sosyal Arka Plan, Logit

Kaynakça

  • Kaynakça Ahmad, S. (2017). Factors Influencing Individual Investors’ Behavior: An Empirical Study of Pakistan Financial Markets. Journal of Business & Financial Affairs, 4(6), 1-8.
  • Akhter, T., ve Hoque, M. E. (2022). Moderating Effects of Financial Cognitive Abilities and Considerations on the Attitude–Intentions Nexus of Stock Market Participation. International Journal of Financial Studies, 10(1), 5.
  • Akyıldırım, E. , Güneş, H. ve Çelik, İ. (2022). Türkiye’de Finansal Varlıklar Arasında Dinamik Bağlantılılık: TVP-VAR Modelinden Kanıtlar. Gazi İktisat ve İşletme Dergisi, 8 (2) , 346-363.
  • Alagidede, P., ve Panagiotidis, T. (2010). Can Common Stocks Provide a Hedge against Inflation? Evidence From African Countries. Review of Financial Economics, 19(3), 91-100.
  • Almeida, J., ve Gonçalves, T. C. (2022). A Systematic Literature Review of Volatility and Risk Management on Cryptocurrency Investment: A Methodological Point of View. Risks, 10(5), 107.
  • Al-Nassar, N. S., ve Bhatti, R. H. (2019). Are Common Stocks a Hedge Against Inflation in Emerging Markets? Journal of Economics and Finance, 43, 421-455.
  • Alonso, S. L. N., Jorge-Vázquez, J., Rodríguez, P. A., ve Hernández, B. M. S. (2023). Gender Gap in The Ownership and Use of Cryptocurrencies: Empirical Evidence from Spain. Journal of Open Innovation: Technology, Market, and Complexity, 9(3), 100103.
  • Arias-Oliva, M., de Andrés-Sánchez, J., ve Pelegrín-Borondo, J. (2021). Fuzzy Set Qualitative Comparative Analysis of Factors Influencing The Use of Cryptocurrencies in Spanish Households. Mathematics, 9(4), 324.
  • Bao, H., Wu, X., Peng, Y., ve Han, L. (2022). Key Factors Influencing Household Asset Allocation of Relocated Households: A Case Study of Hangzhou. Habitat International, 124, 102562.
  • Baur, D. G., Hong, K., ve Lee, A. D. (2018). Bitcoin: Medium of Exchange or Speculative Assets? Journal of International Financial Markets, Institutions and Money, 54, 177-189.
  • Bayrakdaroğlu, A., ve Şan, F. B. (2015). Bireylerin Hisse Senedi Piyasasına Katılım Eğilimlerine Etki Eden Ekonomik Olmayan Faktörler Üzerine Ampirik Bir Araştırma. Çankırı Karatekin Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 5(2), 507-530.
  • Bayyurt, N., Karışık, V., ve Coşkun, A. (2013). Gender Differences in Investment Preferences. European Journal of Economic & Political Studies, 6(1), 71-83.
  • Benny, V. (2014). Investment Attitude in Gold-An Investors Perspective. IOSR Journal Of Humanities And Social Science (IOSR-JHSS),19(12), 32-36.
  • Bonaparte, Y. (2022). Time Horizon and Cryptocurrency Ownership: Is crypto not Speculative? Journal of International Financial Markets, Institutions and Money, 79, 101609.
  • Botte, A., ve Nigro, M. (2021). Risk Analysis of Crypto Assets. TwoSigma, July.
  • Bouri, E., Gupta, R., ve Roubaud, D. (2019). Herding Behaviour in Cryptocurrencies. Finance Research Letters, 29, 216-221.
  • Boztosun, D., ve Keskin, O. (2022). Türkiye’de Kripto Para Birimlerinin Bilinirliği, Kullanımı ve Gelecek Beklentileri Üzerine Bir Araştırma. İşletme Araştırmaları Dergisi, 14(3), 2354-2367.
  • Brounen, D., Koedijk, K. G., ve Pownall, R. A. (2016). Household Financial Planning and Savings Behavior. Journal of International Money and Finance, 69, 95-107.
  • Cardak, B. A., ve Wilkins, R. (2009). The Determinants of Household Risky Asset Holdings: Australian Evidence on Background Risk and other Factors. Journal of Banking & Finance, 33(5), 850-860.
  • Celse, J., Karakostas, A., ve Zizzo, D. J. (2023). Relative Risk Taking and Social Curiosity. Journal of Economic Behavior & Organization, 210, 243-264.
  • Changwony, F. K., Campbell, K., ve Tabner, I. T. (2015). Social Engagement and Stock Market Participation. Review of Finance, 19(1), 317-366.
  • Changwony, F. K., Campbell, K., ve Tabner, I. T. (2021). Savings Goals and Wealth Allocation in Household Financial Portfolios. Journal of Banking & Finance, 124, 106028.
  • Cihangir, M., Baysa, E., Söker, F. ve Eroğlu, S. E. (2019). Bitcoin Piyasasına Katılım Eğilimi: Farklı Üniversite Öğrencileri Üzerinde Ankete Dayalı Bir Değerlendirme. Avrasya Sosyal Ve Ekonomi Araştırmaları Dergisi, 6 (4), 505-522.
  • Conlon, T., Corbet, S., ve McGee, R. J. (2020). Are Cryptocurrencies a Safe Haven for Equity Markets? An international perspective from the COVID-19 pandemic. Research in International Business and Finance, 54, 101248.
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Toplam 90 adet kaynakça vardır.

Ayrıntılar

Birincil Dil Türkçe
Konular Finans
BölümMAKALELER
Yazarlar

Behice Canatan Tarsus Üniversitesi Uygulamalı Bilimler Fakültesi 0000-0001-9588-386X Türkiye

Gökhan Özbilge İSTANBUL GELİŞİM ÜNİVERSİTESİ 0000-0002-9060-091X Türkiye

Egemen İpek Tarsus Üniversitesi 0000-0002-1365-0526 Türkiye

Yayımlanma Tarihi5 Mayıs 2024
Gönderilme Tarihi8 Ocak 2024
Kabul Tarihi28 Şubat 2024
Yayımlandığı Sayı Yıl 2024 Sayı: 43

Kaynak Göster

APACanatan, B., Özbilge, G., & İpek, E. (2024). HANEHALKI FİNANSAL VARLIK SEÇİMİNİN SOSYAL BELİRLEYİCİLERİ. Uluslararası İktisadi Ve İdari İncelemeler Dergisi(43), 91-108. https://doi.org/10.18092/ulikidince.1416671

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