Impact of financial literacy on household stock profit level in China

Zhiyuan Luo; S. M. Ferdous Azam; Laixi Wang

PLOS ONE · 2023-12-18
Research article · Version of record · CC BY 4.0 · 8,210 words

Original source: Volume 18 · Issue 12 · e0296100

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Title: Impact of financial literacy on household stock profit level in China
Human authorship: Zhiyuan Luo; S. M. Ferdous Azam; Laixi Wang
Source: Complete manuscript edition 2026-10-29
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Original authors / creators: Zhiyuan Luo; S. M. Ferdous Azam; Laixi Wang
Original publication: PLOS ONE · Public Library of Science · 2023-12-18
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doi:10.1371/journal.pone.0296100
License & retained notices: CC BY 4.0
© 2023 Luo et al
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This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Article-specific license href: http://creativecommons.org/licenses/by/4.0/
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Evidence limits: 2019 Chinese household survey; profit levels and a multidimensional literacy index are not risk-adjusted returns or pure knowledge tests. Instrumental-variable interpretation depends on exclusion assumptions involving community influences.
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