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1. www.sciencedirect.com › science › articleThe impact of financial literacy and financial interest on ...

   www.sciencedirect.com › science › article

   Mar 1, 2021 · We can conclude that age does not affect the association between financial literacy and risk tolerance. The results further show that education has a significant positive effect (0.062) on the association of financial literacy on risk tolerance and a significant negative effect on the association of financial interest with risk tolerance (−0. ...

   • Author: Cecilia Hermansson, Sara Jonsson

   • Publish Year: 2021

2. pmc.ncbi.nlm.nih.gov › articles › PMC9969802The Interplay Between Financial Literacy, Financial Risk ...

   pmc.ncbi.nlm.nih.gov › articles › PMC9969802

   Financial risk tolerance offers more meaningful mechanisms for investors who can draw from emotional intelligence to explain why beliefs about financial literacy might translate into more responsible financial behaviour. 6 In recent studies, the authors have confirmed that emotional intelligence affects financial behaviour and that emotional intelligence plays an essential role in increasing ...

3. journals.sagepub.com › doi › fullFinancial Literacy and Financial Risk Tolerance of Individual ...

   journals.sagepub.com › doi › full

   Jul 25, 2020 · Furthermore, Bajo et al. (2015) investigated the impact of financial literacy over risk avoidance through data from 38,000 questionnaires in Italy through regression analysis and identified that people with lower financial literacy levels avoided the risk more, whereas Nguyen et al. (2016) discovered a positive relationship between financial literacy level and risk tolerance as a result of ...

   • Author: Yılmaz Bayar, H. Funda Sezgin, Ömer Faruk Öztürk, Mahmut Ünsal Şaşmaz

   • Publish Year: 2020

4. www.researchgate.net › publication › 348169683_TheThe impact of financial literacy and financial interest on ...

   www.researchgate.net › publication › 348169683_The

   Mar 1, 2021 · The financial literacy coefficient estimates on risk tolerance. Note: The Model uses quintile regression with control variables and bootstrap method, plotted with 95 percent confidence interval ...

5. www.tandfonline.com › doi › fullThe Interplay Between Financial Literacy, Financial Risk ...

   www.tandfonline.com › doi › full

   Feb 23, 2023 · Citation 19–24 However, only a small sample of studies have investigated the impact of financial literacy on financial risk tolerance. Citation 5. Financial literacy is “a person’s ability to understand and use financial concepts”. Citation 25 Subsequently, differences exist in financial literacy/knowledge and an individual’s ...

6. link.springer.com › article › 10Investment in risky assets and participation in the financial ...

   link.springer.com › article › 10

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   Sep 27, 2023 · Furthermore, higher financial literacy does not directly trigger investments in risky assets but through its influence on risk aversion. The higher the financial literacy, the lower the risk aversion is. Literacy has a regression weight of −0.41 which is significant at the one-per-mill level.

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   Does age affect the association between financial literacy and risk tolerance?

   • We can conclude that age does not affect the association between financial literacy and risk tolerance. The results further show that education has a significant positive effect (0.062) on the association of financial literacy on risk tolerance and a significant negative effect on the association of financial interest with risk tolerance (−0.050).

   The impact of financial literacy and financial interest on risk

   www.sciencedirect.com/science/article/pii/S2214635020303798

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   Does financial literacy have high-range financial interest?

   • Hence, financial literacy has high-range financial interest. Further, financial literacy has the on risk tolerance for individuals with low risk tolerance. statistically significant by using an interquantile range regression. percentiles are statistically significant for financial interest.

   The impact of financial literacy and financial interest on risk tolerance - …

   www.researchgate.net/publication/348169683_The_impact_of_financial_literacy_and_financial_interest_on_risk_tolerance

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   Does financial literacy affect investment decisions?

   • In this regard, this study examines the effect of financial literacy, herding behavior and risk tolerance on investment decisions, with self-monitoring as a moderating effect. The results of the study prove that financial literacy, herding behavior and risk tolerance have a significant effect on investment decisions.

   Budapest International Research and Critics Institute-Journal (BIRCI

   bircu-journal.com/index.php/birci/article/view/7184

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   Does financial literacy affect objective risk tolerance?

   • The estimation of Model 5 shows that financial literacy and financial interest have significant effects on objective risk tolerance. The standardized beta coefficients amount to 0.080 and 0.119 respectively. Estimating Model 6, we compute the average marginal effects of the variables at their means.

   The impact of financial literacy and financial interest on risk

   www.sciencedirect.com/science/article/pii/S2214635020303798

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   Is financial literacy an antecedent of financial risk tolerance?

   • Although it has been theorised that a plausible assertion can be developed to associate financial literacy with financial risk tolerance, few studies have empirically examined these relationships. We answer the call of Mutlu and Özer 5 to address this gap by examining financial literacy as an antecedent of financial risk tolerance.

   The Interplay Between Financial Literacy, Financial Risk Tolerance, and

   www.tandfonline.com/doi/full/10.2147/PRBM.S398450

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   Does literacy affect investments in risky assets?

   • Literacy has a regression weight of −0.41 which is significant at the one-per-mill level. A household’s risk aversion has a moderate effect on the investments in risky assets with a regression weight of − 0.11 which is significant at the 1% level. Hence, lower risk aversion triggers higher investments in risk assets.

   Investment in risky assets and participation in the financial market

   link.springer.com/article/10.1007/s12232-023-00432-9

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8. bircu-journal.com › index › birciThe Effect of Financial Literacy, Herding Behavior and Risk ...

   bircu-journal.com › index › birci

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   The results of the study prove that financial literacy, herding behavior and risk tolerance have a significant effect on investment decisions. Meanwhile, self-monitoring is not proven to moderate the relationship between financial literacy, herding behavior, and risk tolerance for investment decisions.