Socioeconomic characterization and equity market knowledge of the citizens of Barranquilla, Colombia

Guillén León, Sergio Afcha

Producción científica: Contribución a una revistaArtículorevisión exhaustiva

2 Citas (Scopus)


© 2016 Universidad de Antioquia. All rights reserved.This paper empirically examines the level of knowledge and participation of the citizens of Barranquilla in regard to the equity market in Colombia. 800 individuals distributed in five locations within the city were surveyed for this study. The factors explaining the small investors' knowledge of the market, as well as the variables that influence the probability of investing in the stock exchange, were estimated using a logit model. The results show that, compared to other variables, the income range determines the level of knowledge and investment in the stock market to a great extent. Finally, it is confirmed that the equity market has very specific characteristics such that its main participants are those investors with greater knowledge about the investments they make.
Idioma originalEspañol
Páginas (desde-hasta)179-209
Número de páginas31
PublicaciónLecturas de Economia
EstadoPublicada - 1 ene. 2016
Publicado de forma externa

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