Habitus in relation to the stock market: national features

Economic Annals-ХХI: Volume 157, Issue 3-4(1), Pages: 68-71

Citation information:
Podgorny, B. (2016). Habitus in relation to the stock market: national features. Economic Annals-XXI, 157(3-4(1)), 68-71. doi: https://doi.org/10.21003/ea.V157-0021

Boris Podgorny
PhD (Sociology),
Associate Professor,
Philosophy and Sociology Department,
Southwest State University
94, 50 Let Oktyabrya Str., Kursk, 305040, Russia
b.podgorny46@gmail.com

Habitus in relation to the stock market: national features

Abstract. The present study considers habitus as a matrix of symbolic competencies of the population which form a single system of social stereotypes in relation to the stock market. Different factors which influence forming of the habitus are determined in the paper. Some results of the author’s researches characterizing the habitus in Russia are given in the paper. The author also makes a comparison of Russian and American attitude to the stock market.

Keywords: Stock Market; Habitus; Religious Tradition; Historical Tradition; Financial Literacy

JEL Сlassіfіcatіon: A14; D12; E44; N20

DOI: https://doi.org/10.21003/ea.V157-0021

References

1. Podgorny, B. B. (2014). The Russian stock market: the investment community or the game club? Izvestiya Yugo-zapadnogo gosudarstvennogo universiteta. Seriya: Ekonomika. Sotsiologiya. Menedzhment (Southwest State University Bulletin. Series of Works: Economy. Sociology. Management), (4), 149-159 (in Russ.).
2. Schiller, R. (2013). Irrational optimism. How a reckless behavior drives the market. Moscow: Alpina Publisher.
3. Schiller, R. (2014). Finance and the good society. Moscow: Publishing House of the Gaidar Institute.
4. Benartzi, Sh., & Thaler, R. H. (2007, Summer). Heuristics and Biases in Retirement Savings Behavior. Journal of Economic Perspectives, 3, 81-104.
   doi: https://doi.org/10.1257/jep.21.3.81
5. Benartzi, Sh., & Thaler, R. H. (2013). Behavioral Economics and the Retirement Savings Crisis. Science Magazine, 339(6124), 1152-1153.
   doi: https://doi.org/10.1126/science.1231320
6. Choi, J. J., Laibson, D., & Madrian, B. C. (2005). Are Empowerment and Education Enough? Underdiversification in 401(k) Plans. Brookings Papers on Economic Activity, 2, 151-198.
   Retrieved from http://www.brookings.edu/about/projects/bpea/papers/2005/underdiversification-in-401k-plans-choi
7. Madrian, B., C., & Shea, D. F. (2001, November). The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior. Quarterly Journal of Economics, 116(4), 1149-1187.
   Retrieved from http://www.jstor.org/stable/2696456
8. Zagurskii, O. Н. (2014). Systematic and evolutionary approach to market research. Ekonomicnij casopis-XXI (Economic Annals-XXI), 11-12, 8-10.
   Retrieved from https://ea21journal.world/index.php/ea-v146-02/
9. Soskin, О. I. (2013). Role of state regulation in formation of modern economic model: changing imperative in the conditions of chaos. Ekonomicnij Casopis-XXI (EconomicAnnals-XXI), 1-2(1), 3-7.
   Retrieved from https://ea21journal.world/index.php/ea-v125-01/ (in Ukr.)
10. Mirkin, Y. M. (2002). Russian Stock market: the impact of fundamental factors, forecast and policy development. Moscow: Alpina Publisher (in Russ.).
11. Rubtsov, B. B. (2007). Modern stock markets. Moscow: Alpina Business Books (in Russ.).
12. Abolafia, M. (1998). Markets as Cultures: An Ethnographic Approach. In M. Callon (Ed.), The Law of Markets (pp. 69-85). Oxford: Blaclwell Pub.
13. DiMaggio, P. (1994). Culture and Economy. In N. Smelser and R. Swedberg (Eds.), The Handbook of Economic Sociology (pp. 27-57). Princeton: Princeton University Press.
14. Huberman, Gur. (2001, Autumn). Familiarity Breeds Investment, Review of Financial Studies, 14(3), 659-680.
    doi: https://doi.org/10.1093/rfs/14.3.659
15. Barber, B. M., & Odean, T. (April 2008). All that Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors, Review of Financial Studies, 21(2), 785-818.
    doi: https://doi.org/10.1093/rfs/hhm079
16. Bourdieu, P. (2007). Social space: the fields and practice. In O. N. Shmatko (Ed. and trans.), Part 1, St. Petersburg: Aletheia.
17. Fligstein, N. (2013). The Architecture of Markets: An Economic Sociology of Twenty-First-Century Capitalist Societies. A. Kurakin (Trans.), Moscow: GU VSHE (in Russ.).
18. The market analysis in the current economic sociology. (2008). In V. V. Radaev (Ed.), M. S. Dobryakova (Trans.), Moscow: Higher School of Economics (in Russ.).
19. Russia in 1913. (1995). Statistical and documentary reference. Institute of Russian History. In A. M. Anfimova (Ed.), Russian-Baltic Information Centre «Blitz» (in Russ.).
20. The Bank Encyclopedia: History and modern organization of stock markets in the West and in Russia. Exchange transactions. Exchange and war. Exchange. (1917). Vol. 2. In L. N. Yasnopolskoy (Ed.), Kiev: Bank. wikis.
21. Batulin, N. V. (2004). Features of corporations creation in USA XVП-XX centuries (historical and legal research). Dissertation Abstract for the degree in Juridical sciences. Lobachevsky State UNN, Nizhny Novgorod (in Russ.).
22. Weber, M. (2002). The Protestant Ethic and Capitalism Spirit. Moscow: East-View.
23. Podgorny, B. B. (2015). Privatization or piratizing in Russia: population opinion 20 years later. Ekonomicnij Casopis-XXI (EconomicAnnals-XXI), 3-4(2), 21-24.
    Retrieved from https://ea21journal.world/index.php/ea-v150-05/ (in Russ.)
24. Podgorny, B. B. (2014). The financial literacy as a factor for the successful economic and social youth development. Izvestiya Yugo-zapadnogo gosudarstvennogo universiteta. (Southwest State University Bulletin), 2, 118-125 (in Russ.).

Received 12.01.2016