ENGLISH

Knowledge and Participation of Barranquilla’s Citizens in the Colombian Stock Market

By Guillén León , Sergio Afcha

Book information

Publisher
Pontificia Universidad Católica del Perú (PUCP) - CENTRUM
Year
2015
Language
english
Format
PDF
Filesize
634 kB (649709 bytes)
Series
CENTRUM Católica’s Working Paper Series
Pages
\30
Topic
Business\\Management
Time added
2023-01-09 14:25:50
BarranquillaCitizensColombiafinancial culturemarket knowledge

Description

This paper empirically examines the level of awareness and participation of citizens of Barranquilla in Colombia's stock market. To do this, we surveyed 800 individuals distributed in five locations in the city. Using a logit model type factors influencing the level of market knowledge of small investors as well as the variables that influence the probability of investment are estimated. The results show that the income range is the variable with the greatest influence on the level of knowledge and investment in the stock market. Finally, it is confirmed that this is a market with very specific characteristics in which, in most cases, enter those with a full knowledge of investments they put in. Keywords: Barranquilla, citizens, market knowledge, financial culture

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