Work

Role of Gender in Predicting Determinant of Financial Risk Tolerance

Year: 2022

Type: article

Abstract: This research was conducted to determine whether the determinants of financial risk tolerance varied by gender or whether the same factors influenced the risk-taking capacities of both genders. This study utilised personality types (Type-A and Type-B), financial literacy, and six demographic parameters, including marital status, age, education, income, occupation, and the number of dependents, as independent variables, and gender as a dividing variable. In order to conduct this study, information was gathered from 671 investors. The financial risk tolerance of male investors was determined by six out of eight independent factors (personality type, financial literacy, marital status, income, occupation, and the number of dependents). However, just four factors (personality type, financial literacy, marital status, and income) have a substantial impact on the financial risk tolerance of female investors.

Source: Sustainability

DOI: 10.3390/su141710575

Authors: Heena Thanki, Sweety Shah, Vrajlal Sapovadia, Ankit D. Oza, Dumitru Doru Burduhos-Nergis

Institutions: LJ University, Centre d'études sud-asiatiques et himalayennes, Indian Institute of Advanced Research, Gheorghe Asachi Technical University of Iași

Language: English

Topic: Financial Literacy, Pension, Retirement Analysis

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Gender equality

Open Access status: gold

Estimated APC paid: $2,094