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Helping hands during tough times: Social networking and household financial vulnerability

Author

Listed:
  • Zhang, Lu
  • Zuo, You
  • Yin, Zhichao

Abstract

This study examines the impact of social networking on household financial vulnerability by using data from the China Household Finance Survey during the period of 2017–2021. We find that social networking helps households avoid financial vulnerability in China, especially during challenging times. Furthermore, social networking primarily supports households through information channels such as risk preference, financial literacy, and work stability. This study provides a precise identification of the supportive effects of social networking and contributes to a comprehensive understanding of households in emerging countries during major negative shocks, such as the COVID-19 pandemic.

Suggested Citation

  • Zhang, Lu & Zuo, You & Yin, Zhichao, 2026. "Helping hands during tough times: Social networking and household financial vulnerability," Research in International Business and Finance, Elsevier, vol. 83(C).
    • Handle: RePEc:eee:riibaf:v:83:y:2026:i:c:s0275531925005227
    DOI: 10.1016/j.ribaf.2025.103266
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    References listed on IDEAS

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    Keywords

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    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
    • G01 - Financial Economics - - General - - - Financial Crises
    • G50 - Financial Economics - - Household Finance - - - General

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