IDEAS home Printed from https://ideas.repec.org/a/wsi/jemarx/v04y2023i01ns2737436x23500012.html
   My bibliography  Save this article

Religiousness, Portfolio Choice, and Gambling in Japan

Author

Listed:
  • Kuniyoshi Saito

    (Department of Business Administration, Komazawa University, Japan)

Abstract

This paper examines how religion influences financial risk-taking behaviour and gambling using a survey data set from Japan, where most religious people claim they believe in Buddhism and/or Shinto. We find little association between religiousness and portfolio choice. Exceptions are that: (i) those who claimed their religion is Buddhism and the members of one Buddhist denomination are more likely to buy stock and lottery tickets than nonreligious people, and (ii) those who described themselves as devoted to religion are less likely to play pachinko.

Suggested Citation

  • Kuniyoshi Saito, 2023. "Religiousness, Portfolio Choice, and Gambling in Japan," Journal of Economics, Management and Religion (JEMAR), World Scientific Publishing Co. Pte. Ltd., vol. 4(01), pages 1-19, July.
    • Handle: RePEc:wsi:jemarx:v:04:y:2023:i:01:n:s2737436x23500012
    DOI: 10.1142/S2737436X23500012
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S2737436X23500012
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S2737436X23500012?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Religion; Buddhism; portfolio choice; gambling;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jemarx:v:04:y:2023:i:01:n:s2737436x23500012. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: https://www.worldscientific.com/worldscinet/jemar .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.