Consumer information search when making investment decisions

Authors

  • Qihua "Catherine" Lin Southern Methodist University
  • Jinkook Lee Department of Consumer Sciences, Ohio State University

DOI:

https://doi.org/10.61190/fsr.v13i4.4804

Keywords:

Financial services, Investment, Information sources, Information search

Abstract

We discuss the characteristics of investment decisions and identify the factors that affect consum­ers' information search behavior when they make investment decisions. Using the 2000 to 2001 MacroMonitor data set, we find that subjective knowledge, amount of investment, risk tolerance, age, education, and income influence both the extent of information search and the use of specific information sources, including literature, media, the Internet, friends/family, and professional services.

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Published

2004-12-31

Issue

Vol. 13 No. 4 (2004): FSR Winter 2004

Section

New Original Submission

License

Copyright (c) 2004 Academy of Financial Services

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How to Cite

Consumer information search when making investment decisions. (2004). Financial Services Review, 13(4), 319-332. https://doi.org/10.61190/fsr.v13i4.4804