Online social networking increases financial risk-taking

Chan, EY; Saqib, NU

Online social networking increases financial risk-taking

Chan, EY

Saqib, NU

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Publication Type:: Conference Proceeding
Citation:: 2014, pp. 1217 - 1217 (1)
Issue Date:: 2014-12-01

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Field	Value	Language
dc.contributor.author	Chan, EY https://orcid.org/0000-0002-6847-6545	en_US
dc.contributor.author	Saqib, NU	en_US
dc.contributor.editor	Rundle-Thiele, S	en_US
dc.contributor.editor	Kubacki, K	en_US
dc.contributor.editor	Arli, D	en_US
dc.date	2014-12-01	en_US
dc.date.issued	2014-12-01	en_US
dc.identifier.citation	2014, pp. 1217 - 1217 (1)	en_US
dc.identifier.issn	1447-3275	en_US
dc.identifier.uri	http://hdl.handle.net/10453/35459
dc.description.abstract	We posit that online social networking such as Facebook increases financial risk-taking because online social circles act as “buffers” against possible financial losses. One field study along with one lab study support our hypothesis. The effects only occur when people perceive their online social circles to be of high quality and when they have a collectivistic self-orientation. This research further provides theoretical richness to the cushion hypothesis by drawing on social capital theory in the sociological literature to extend the hypothesis to an online setting.	en_US
dc.relation.ispartof	Australian and New Zealand Marketing Academy	en_US
dc.title	Online social networking increases financial risk-taking	en_US
dc.type	Conference Proceeding
utslib.location.activity	Brisbane, QLD, Australia	en_US
dc.location.activity	Brisbane, Australia
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	open_access
pubs.consider-herdc	true	en_US
pubs.finish-date	2014-12-03	en_US
pubs.publication-status	Published	en_US
pubs.start-date	2014-12-01	en_US

Abstract:

We posit that online social networking such as Facebook increases financial risk-taking because online social circles act as “buffers” against possible financial losses. One field study along with one lab study support our hypothesis. The effects only occur when people perceive their online social circles to be of high quality and when they have a collectivistic self-orientation. This research further provides theoretical richness to the cushion hypothesis by drawing on social capital theory in the sociological literature to extend the hypothesis to an online setting.

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http://hdl.handle.net/10453/35459