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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. ...
- How does financial literacy influence undergraduates’ risk ...
Financial attitude can be understood as the attitude to...
- How does financial literacy influence undergraduates’ risk ...
Jul 25, 2020 · In this context, financial literacy is also an important factor for financial risk tolerance (Grable & Joo, 1999).It is clear from the related empirical literature that the influence of certain demographic and behavioral variables on financial risk tolerance have been the subject of the research.
- Yılmaz Bayar, H. Funda Sezgin, Ömer Faruk Öztürk, Mahmut Ünsal Şaşmaz
- 2020
Nov 1, 2023 · Financial attitude can be understood as the attitude to longer-term financial horizon (OECD, 2013). This financial literacy dimension could affect risk-taking propensity since the willingness to take risks is influenced by the individual’s orientation to the future (Faig, 2002; Hill, Jenkins, & Farmer, 2008).
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 ...
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 ...
Nov 16, 2021 · Research has shown that risk tolerance affects financial well-being (Yong and Tan 2017) and that there is great variation in consumers’ risk tolerance (Dickason-Koekemoer 2019). Other research has used financial literacy as a variable to explain consumers’ financial behavior (Van Rooij et al. 2012 ) and well-being in retirement (Lusardi and Mitchell 2013 ).
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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 ...