基于多元回归模型研究金融素养对家庭互联网理财的影响

The Impact of Financial Literacy on Household Internet Finance Based on Multiple Regression Model

摘要: 家庭金融素养，对于家庭金融资产配置具有显著影响。在此基础上，研究金融素养对互联网投资理财的影响，具有一定的理论与实践价值。本文运用家庭金融调查项目(CHFS) 2019年数据，使用因子分析法构建了金融素养指标体系，然后通过Probit模型和Tobit模型验证了金融素养对互联网投资理财可能性与规模的正相关关系，同时发现金融素养是通过改变户主的风险偏好来影响互联网理财的可能性。

Abstract: Household financial literacy has a significant impact on the allocation of household financial assets. On this basis, studying the impact of financial literacy on internet investment and wealth management has certain theoretical and practical value. This article uses the data from the China Household Finance Survey (CHFS) in 2019 and constructs a financial literacy indicator system through factor analysis. Then, the Probit model and Tobit model are used to verify the positive correlation between financial literacy and the possibility and scale of internet investment and wealth management. At the same time, it is found that financial literacy affects the possibility of internet finance by changing the household head’s risk preference.