Asgharian, Hossein; Liu, Lu; Lundtofte, Frederik - Nationalekonomiska Institutionen, Ekonomihögskolan - 2014
We explore the relation between institutional quality, trust and stock-market participation. In our theoretical model … market. The corresponding empirical model shows that institutional quality affects trust and that the part of trust that is … explained by institutional quality influences stock-market participation. For immigrants, we consider learning factors, such as …