Academic Journal of Business & Management, 2026, 8(7); doi: 10.25236/AJBM.2026.080708.
Cao Yingying, Xu Xuejun
School of Management, University of Shanghai for Science and Technology, Shanghai, China
Drawing on the 2023 China General Social Survey (CGSS) database, this paper constructs a Probit model to examine the impact of religious belief on high-risk investment behaviour within households. The findings reveal that households with religious beliefs are more inclined to engage in high-risk investments, with social interaction playing a mediating role in this process. By taking religious belief as its point of departure, this study holds both theoretical and practical significance.
Religious beliefs; High-risk investment; Social interaction
Cao Yingying, Xu Xuejun. The Impact of Religious Beliefs on Household High-Risk Investment. Academic Journal of Business & Management (2026), Vol. 8, Issue 7: 48-55. https://doi.org/10.25236/AJBM.2026.080708.
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