国际清算银行：性别差异在金融风险承担上：文化迷信如何塑造中国女性的投资行为（英文版）

This study examines how cultural superstitions create gender-specific barriers to women’s financial participation in China, a critical issue for economic development and gender equality. Utilizing a unique dataset from the Ant Open Research Laboratory—tracking 100,000 investors over 48 months—we investigate how zodiac-year superstitions influence mutual fund trading and risky asset holdings. While aggregate effects are minimal, we find pronounced gender disparities: during their zodiac year,