The Study of Investment Preferences of Russians on Individual Investment Accounts

Authors

  • Daria Karpova Financial University Under the Government of the Russian Federation, 5 Khromova Street, Apt.166, Moscow, 107392
  • Svetlana Panova Financial University under the Government of the Russian Federation, 1 Kibal'chicha Street, Moscow, 107996

Keywords:

Tax Incentives, Individual Investment Accounts, Individual Investors, Investment Preferences, Sociodemographic Factors.

Abstract

Individual Investment Accounts (IIAs) are assumed to be a tax incentive introduced in the Russian Federation in 2015 aimed to solve the problem of low level of private investors' awareness of the securities market opportunities and small fraction of households' investment in the country's GDP. The existing evidence on such incentive is concerned mostly about the use of international tax incentives and its implementation in Russia, while rare literature provides any background on investment behaviour of the Russians, especially for 3 and more years' time. This paper adds to this point, answering the question about the impact of major sociodemographic factors (including age, gender, marital status, education level and occupation) on the individuals' investment preferences for long-term investment on tax-beneficial accounts, using the data from an anonymous questionnaire study conducted among 200 adult citizens of Russia.

Downloads

Published

2018-11-12

How to Cite

Karpova, D., & Panova, S. (2018). The Study of Investment Preferences of Russians on Individual Investment Accounts. Journal of Reviews on Global Economics, 7, 626–644. Retrieved from https://mail.lifescienceglobal.com/pms/index.php/jrge/article/view/5728

Issue

Vol. 7 (2018)

Section

Special Issue - Banking System and Financial Markets of Russia and other Countries: Problems and Prospects

License

Policy for Journals/Articles with Open Access

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

  • Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work

Policy for Journals / Manuscript with Paid Access

Authors who publish with this journal agree to the following terms:

  • Publisher retain copyright .

  • Authors are permitted and encouraged to post links to their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work .

Most read articles by the same author(s)