Work

Financial risk tolerance revisited

Year: 1999

Type: article

Abstract: This paper explores conceptual, methodological, and empirical issues related to the development of a financial risk-tolerance assessment instrument. Financial risk tolerance is a significant factor in a number of household financial decisions, yet few recognized, valid, and reliable methods of assessment are available for use by financial service providers and educators. Empirical results from a multistage development of a 13-item risk assessment instrument are discussed. The multidimensional instrument is presented as the foundation for the development of a more widely used and accepted index. Future use by practitioners and researchers is encouraged to further validate the usefulness of the instrument. © 2000 Elsevier Science Inc. All rights reserved.

Source: Financial Services Review

DOI: 10.1016/s1057-0810(99)00041-4

Authors: John Grable, Ruth H. Lytton

Institutions: Kansas State University, Virginia Tech

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W2083146342

FWCI: 8.331

Cites: 29

Cited by: 451

Related to: 10