Do women shy away from cryptocurrency investment?
- This study utilizes cross-country survey data to analyze differences in attitudes toward cryptocurrency as an alternative to traditional money issued by a central bank. Particularly, we investigate women’s general attitude toward cryptocurrency systems. Results suggest that women invest less into cryptocurrency, show less interest in the future cryptocurrency investment, and see less economic potential in these systems than men do. Further evidence shows that these attitudes are directly connected with lower literacy in cryptocurrency systems. These findings support theory on gender differences in investment behavior. We contribute to the existing literature by conducting a cross-country survey on cryptocurrency attitudes in Europe and Asia, and hence show that this gender effect is robust across these cultures.
| Author details: | Ralf HöchenbergerORCiDGND, Detlev HummelORCiDGND, Jürgen SeitzORCiDGND |
|---|---|
| DOI: | https://doi.org/10.1007/978-981-99-1414-2_6 |
| ISBN: | 978-981-99-1413-5 |
| ISBN: | 978-981-99-1414-2 |
| Title of parent work (English): | Data management, analytics and innovation |
| Subtitle (English): | cross-country evidence from survey data |
| Publisher: | Springer Nature |
| Place of publishing: | Singapore |
| Editor(s): | Neha Sharma, Amol Goje, Amlan Chakrabarti, Alfred M. Bruckstein |
| Publication type: | Part of a Book |
| Language: | English |
| Date of first publication: | 2023/05/29 |
| Publication year: | 2023 |
| Release date: | 2024/03/21 |
| Tag: | bitcoin; cryptocurrencies; financial literacy; gender gap; risk tolerance |
| Number of pages: | 8 |
| First page: | 69 |
| Last Page: | 76 |
| Organizational units: | Wirtschafts- und Sozialwissenschaftliche Fakultät / Wirtschaftswissenschaften / Fachgruppe Betriebswirtschaftslehre |
| DDC classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Peer review: | Nicht ermittelbar |
