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Mar 1, 2021 · 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.
- Cecilia Hermansson, Sara Jonsson
- 2021
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 ...
- Yılmaz Bayar, H. Funda Sezgin, Ömer Faruk Öztürk, Mahmut Ünsal Şaşmaz
- 2020
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 ...
Mar 1, 2021 · We also find differences in the association between the. variables and risk tolerance across the risk-tolerance distribution. The effects of financial literacy are highest at the lower end of. the ...
Nov 16, 2021 · In this study, we investigate the effects of retirement planning on the economic and psychological factors of consumers using a large sample drawn from the 2012 National Longitudinal Survey of Youth. Specifically, we examine the combined impact of risk tolerance, financial literacy, savings, income, and debt on consumers’ retirement planning behavior. Risk tolerance, financial literacy ...
- Heejung Park, William Martin
- 2021
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 ...
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Jun 12, 2023 · Financial literacy retains a significant small effect for future stock investment but not for crypto. Risk tolerance and financial literacy have larger effects than FoMO on current ownership of stocks. Thus, factors beyond those traditionally considered in investment models can play a role when looking at new and complex assets.
