Religious Beliefs, Ganbling Attitudes, and Market Volatility

• Main Authors: TING-CHUN HSU, 許廷君
• Other Authors: Wan-Ru Yang
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/rwyh2t

碩士 === 國立高雄大學 === 金融管理學系碩士班 === 106 === This study examines the impact of gambling preference and their religious beliefs on global volatility across the Americas, Asia, and Oceania from January 1, 2000 to June 30, 2015. The empirical results indicate that Buddhists, Protestants, and Jews have significant gambling preferences compared with Catholices, Muslims, and Hindus. Moreover, the impact of Buddhism and Protestant on the stock market volatility is stronger than those of others religious beliefs. Buddhism is significantly gambling preferred under any of the accreditations. This result is more evident in the developed countries. Buddhism is a religion that develops diverse religions, and its congregation is less constrained by doctrines, which makes the country of religious beliefs prefer lottery-type stocks. Catholices is more obeys traditional religious beliefs than Protestants, and its doctrine is very restrictive. Therefore, the gambling preference of Catholices are similar as those for Muslims that are not happy with speculation. These two religious beliefs investors are conservative with respect to other religious countries.