A Study on Determinants of Financial Risk Tolerance: A Review of the Evidence
Published: 2018
Author(s) Name: Govind M. Dhinaiya |
Author(s) Affiliation: Faculty, Shree J D Gabani Commerce & Shree Swami Atmanand Saraswati College of MGT., Surat, Gujarat.
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Abstract
Financial risk tolerance is one of the key elements for financial service providers
and investors. It is essential for both to understand the risk level. Therefore
understanding, assessing and measuring financial risk and factors that affect
financial risk tolerance of investors have been interest of research. This paper
presents a review of empirical research on determinants of financial risk tolerance.
The evidence suggests that there are different determinants affected at different
country and at different demographics & other factors of investors. The researcher
has studied five different countries review of literature namely Australia, India,
Turkey, U.S.A., & U.K. The author has found that age, gender, marital status,
income, number of dependents affect in same manner at different countries while
others do different to the financial risk tolerance.
Keywords: Demographic factors, Financial risk tolerance, Reviews
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