Statistical analysis on individual deposit-withdrawal behaviors: An empirical analysis using individual data collected through a Web-based survey

The purpose of this research is to investigate relationships between individual behaviors of whether depositors will withdraw all of their deposits and factors such as the degree of trust in information sources, frequency of communication, an individual’s way of dealing with banks, and individual attributes statistically or quantitatively. We assume that a method whereby depositors will not excessively withdraw their deposits after receiving uncertain information on the financial environment. To this purpose, we analyze the relationships by using individual data collected through a Web-based survey we conducted in 2007. The results were as follows: First, individuals who trust in information sources such as weekly/monthly magazines, the Internet, and rumors from people at the workplace would be more likely to withdraw their deposits. Second, an increase of phone call frequency with friends and frequency of communication at neighborhood and workplaces also leads depositors to withdraw