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Cited by 2,237

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

Trusting the Stock Market

Open access
GUISO, LUIGI, SAPIENZA, PAOLA, ZINGALES, LUIGI·2008·The Journal of Finance
DOI 10.1111/j.1540-6261.2008.01408.x
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Abstract

We study the effect that a general lack of trust can have on stock market participation. In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function of the objective characteristics of the stocks and the subjective characteristics of the investor. Less trusting individuals are less likely to buy stock and, conditional on buying stock, they will buy less. In Dutch and Italian micro data, as well as in cross‐country data, we find evidence consistent with lack of trust being an important factor in explaining the limited participation puzzle.

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Metadata

Authors
GUISO, L., SAPIENZA, P., & ZINGALES, L.
Venue
The Journal of Finance
Publisher
Wiley
Published
2008-11-11
Volume
63
Issue
6
Pages
2557-2600
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2008.01408.x
OpenAlex
W2891721089
Cited by
2,237
References
3
FWCI
97.81
Type
journal article
Language
en
Open access
green
Licence
onlinelibrary.wiley.com/termsAndConditions#vor (vor)

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CoChat. (2026). Citation check: Trusting the Stock Market. https://app.cochat.ai/papers/10.1111/j.1540-6261.2008.01408.x
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GUISO, L., SAPIENZA, P., & ZINGALES, L. (2008). Trusting the Stock Market. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2008.01408.x

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.