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The 2017 Annual Academic Forum of Economics and Management — Presentation Series (14)

Sourse: College of Economics and Management  Date:2017-11-08

Title1: Research on the Impact of Financial Literacy on Urban Household Financial Assets Choice
Speaker: Phd. HU Zhen     
Time:November 10, 2017 (Friday)          14:30-15:30pm
Venue: Meeting Room C315, The Building of Economics, Management and Landscape Architecture 
Abstract: Financial literacy is a kind of important human capital, is the consumer grasp the management of financial resources for their own financial well-being of the knowledge and skills, financial literacy has important effects on consumer financial decisions. With the rapid development of financial market, the availability of consumer financial products and services in the enhancement, and the financial products and services in the form of a more diverse, to mature financial services is the trend of The Times, these new forms of financial knowledge poverty group financial decision constitutes a great challenge. At the same time, the international trend for the reform of pension individual pension more will rely more on personal accumulation, but with the progress of medical technology, food science and technology and the improvement of health condition, continuously extended life expectancy and life after retirement will need more wealth, which requires the individual to the reasonable arrangement of the life cycle consumption, savings and investment, especially to err on the side of the pension plans, which can better meet the consumer demand after retirement, this also to individual financial literacy put forward higher requirements. In such a big background, the governments have expressed concern about domestic residents financial literacy, launched a series of measures to boost the domestic residents' financial literacy. According to the international trend of the evolution of family assets structure, the future of financial assets in the family the proportion will gradually increase in financial assets, financial literacy on the influence of household financial assets choice behavior has important theoretical and realistic significance.
Title 2: Impact of Financial Literacy on Farmland Mortgage Demand: Based on the Regulatory Role of Farmer Differentiation and Farmland Certification
Speaker: Su Lan Lan
Time: November 10, 2017 (Friday)          15:30-16:30pm
Venue: Meeting Room C315, The Building of Economics, Management and Landscape Architecture
Summary: This paper aims to study the impact of financial literacy on farmland mortgage demand and the regulating effect of farmer differentiation and farmland certification in the relationship between financial literacy and farmland mortgage demand on the basis of corresponding theoretical analysis. Bivariate Probit and Grouping Regression model are employed to estimate the effect of financial literacy on farmers’ farmland mortgage demand and the regulating role of farmer differentiation and farmland certification based on 908 farm households survey data from the pilot and non-pilot areas in Shaanxi Province. Results show that the increase of financial literacy significantly positive promotes farmers’ farmland mortgage demand, and to a certain extent farmland mortgage supply constraint restrains the positive influence of financial literacy on farmers’ farmland mortgage demand. Moreover, farmer differentiation and farmland certification both play a regulatory role in the relationship between financial literacy and farmers’ farmland mortgage demand. Specifically, the influence of financial literacy on the farmland mortgage demand for non-pure farmers is larger than that of pure farmers, which is also larger for those farmers with farmland confirmed and certified than farmers who haven’t achieved confirmation or certification of farmland.
Welcome to participation. 
College of Economics and Management
8th Nov, 2017