An Empirical Investigation of Personal Financial Risk Tolerance
ثبت نشده
چکیده
We analyse a large database of psychometrically derived financial risk tolerance scores (RTS) and associated demographic information. We find that people’s selfassessed risk tolerance generally accords with RTS. Further we find that gender, age, number of dependents, marital status, income and wealth are significantly related to the RTS. Notably, the relationship between age and risk tolerance exhibits a significant nonlinear structure.
منابع مشابه
An assessment of residents’ and fellows’ personal finance literacy: an unmet medical education need
Objectives This study aimed to assess residents' and fellows' knowledge of finance principles that may affect their personal financial health. Methods A cross-sectional, anonymous, web-based survey was administered to a convenience sample of residents and fellows at two academic medical centers. Respondents answered 20 questions on personal finance and 28 questions about their own financial ...
متن کاملAn Empirical Investigation of the Impact of Intellectual Capital on Firms’ Market Value and Financial Performance: Evidence from Iranian Companies
In modern economics, Intellectual capital is described as an intangible asset which can be used as a source of sustainable competitive advantage. However, intellectual capital components have to interact in themselves to create value. The paper seeks to examine the impact of intellectual capital on firms’ market value and financial performance. The efficiency of the value added by corporate int...
متن کاملSome Determinants of Corporate Financing Decisions: Evidence from the Listed Companies in Tehran Stock Exchange
The aim of this empirical study is to explore the trade-off model and pecking order model of capital structure. The investigation is performed using panel data procedures for a sample of 76 firms listed in Tehran Stock Exchange during 2007-2010.The study employs OLS regression model in examining the capital structure of firms in Iran. The study employs variables reflecting differing theoretical...
متن کاملAn Estimate of the Reliability of the Survey of Consumer Finances Risk-Tolerance Question
This manuscript has not been previously published in any form. Question Summary. The reliability of the Survey of Consumer Finances risk-tolerance question has not been reported in the literature. However, given the importance of reliability as a necessary condition for validity there is a need to know and report the question's reliability estimate. The purpose of this paper is to provide such ...
متن کاملMeasuring Risk Tolerance: Does The Methodology Matter?
Risk tolerance is widely used in the personal financial planning referring to an investor’s attitude towards risk. It is the amount of uncertainty or investment return volatility that an investor is willing to accept when making a financial decision. Risk tolerance scores are used (1) to examine the relationship between demographic characteristics and risk tolerance, and (2) to investigate the ...
متن کامل