Explaining Heterogeneity in Risk Appetite and Tolerance: The Turkish Case<sup>*</sup>,<sup>†</sup>

Woods, Joseph John; Seychell, Sharon; Özen, Ercan; Spiteri, Jonathan; Suban, Robert; Grima, Simon

doi:10.1108/s1569-375920200000102011

Cited by 6 publications

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“…These are two basic environments where young people acquire knowledge in various areas among which finance. Family and school usually exert a crucial influence on the child's development [40][41][42]. They provide for experiences and knowledge and constitute one of the significant links in the chain of education.…”

Section: Literature Reviewmentioning

confidence: 99%

Financial Literacy: The Case of Poland

et al. 2020

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Financial literacy is a path to sustainability and has an important role in ensuring the financial sustainability of individuals, families, enterprises and national economies. The level of these economic indicators such as debt, payment discipline, savings and financial management all translate into prosperity or insolvency and bankruptcy and result partially from financial literacy. The higher the level of financial literacy, especially of young people, the more favourable the level of economic indicators, which translates into the economy and sustainable development. With this study we aim to determine the level of financial literacy of high school students in Poland and to determine whether financial literacy changes according to gender. The most important element that distinguishes our study from the others is that or study was carried out with a large sample of high school students with an average age of 15–16 years. In addition, the effect of gender on financial literacy at an early age was investigated, also comparing the wider themes to the so-called narrow themes. The results of the research demonstrated a good and partially very good, level of financial knowledge of the young people in Poland. 45.3% obtained an average level score and 43.8% achieved a high-level score in financial knowledge. This result shows that they can be rational in their financial decision making. However although, it is understood that gender makes a difference on financial behaviour and use of financial instruments, gender does not make any difference on the level of financial knowledge. Moreover, the financial literacy level of males is found to be higher than females.

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Section: Literature Reviewmentioning

confidence: 99%

Financial Literacy: The Case of Poland

et al. 2020

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“…Other factors are remuneration, educational background of decision makers and board members, and emotions of board members and executive committee. These factors are also endorsed in literature which affects risk appetite and decision making [30,35,64,65,75].…”

Section: Resultsmentioning

confidence: 95%

“…The last set of factors are miscellaneous factors shown in Figure 12 which do not lie in the any specific set of domains defined earlier. Demographics of stakeholders, including gender, knowledge and education, also affect risk appetite of project selection in mega construction projects [30,118]. Project location is a very important driver of risk appetite for project-based organizations.…”

Section: Resultsmentioning

confidence: 99%

“…Furthermore, some factors that have been shown to impact a company's risk appetite are its size [73,74], strategic objectives [75][76][77], market competition [78,79] demographics [30] and government and industry rules and regulations [80,81]. The organizational history of risk taking [45,82,83] and the pressure of its stakeholders and their demands have been recognized as drivers and inhibitors at a certain moment, depending on the circumstances [84,85].…”

Section: Literature Reviewmentioning

confidence: 99%

“…Academic research on risk appetite has received very little attention, and no studies have been undertaken to examine the variables influencing it, particularly in the context of large building projects. Existing research on risk appetite is mostly conceptual in nature and is concentrated in the areas of economics and finance [28][29][30][31][32]. A little work is performed in the field of hospitality management [33][34][35].…”

Section: Introductionmentioning

confidence: 99%

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Identification of Factors Affecting Risk Appetite of Organizations in Selection of Mega Construction Projects

et al. 2021

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Risk appetite is a crucial component that plays a key role in the decision-making process of project risk management. Despite rising scholarly interest in project risk management, risk appetite has received little attention thus far. A well-defined risk appetite ensures that all decisions taken throughout the course of a project are consistent with an organization’s ultimate strategic aim. This research aims to identify the factors affecting the risk appetite of megaproject selection in the construction sector. The study adds to the knowledge of risk appetite in mega construction project selection and qualitatively examines the factors affecting risk appetite. Exploratory research design is used to identify these factors. The factors are identified using semi-structured interviews of 30 practitioners from the top and middle management working on mega construction projects. Thematic analysis was performed using NVIVO academic software. The most highlighted factors are financial attributes, board of directors’ agility, political factors, project location and demographics. The proposed conceptual framework identifies the factors affecting the risk appetite of mega construction project selection. These factors may be utilized as a starting point by construction project organizations to evaluate the risk appetite of a mega construction project. Risk appetite-based project selection will decrease chances of failures, delays, and cost overruns in mega-projects. These factors can be used by researchers as a rationale for developing predictive or descriptive models of project selection based on risk appetite.

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Behavioral Finance in Psycho-Social Approaches: A Literature Review

Nia,

Siregar,

Sembel

et al. 2024

Lecture Notes in Networks and Systems

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Explaining Heterogeneity in Risk Appetite and Tolerance: The Turkish Case^*,^†

Cited by 6 publications

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Financial Literacy: The Case of Poland

Financial Literacy: The Case of Poland

Identification of Factors Affecting Risk Appetite of Organizations in Selection of Mega Construction Projects

Behavioral Finance in Psycho-Social Approaches: A Literature Review

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Explaining Heterogeneity in Risk Appetite and Tolerance: The Turkish Case*,†

Cited by 6 publications

References 0 publications

Financial Literacy: The Case of Poland

Financial Literacy: The Case of Poland

Identification of Factors Affecting Risk Appetite of Organizations in Selection of Mega Construction Projects

Behavioral Finance in Psycho-Social Approaches: A Literature Review

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Explaining Heterogeneity in Risk Appetite and Tolerance: The Turkish Case^*,^†