Financial advice and gender: Wealthy individual investors in the UK

Baeckström, Ylva; Marsh, Ian W.; Silvester, Jo

doi:10.1016/j.jcorpfin.2021.101882

Cited by 23 publications

(6 citation statements)

References 76 publications

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“…This should also increase the number of females in different roles in the finance sector, from financial advisors to loan officers. Baeckstrom et al (2020, this issue)'s study on financial advisors for wealthy investors in the UK demonstrates that gender effects are not as clear-cut as previously assumed. Specifically, their findings suggest that gender on its own is not sufficient to characterize the risk propensity of wealthy investors and that interactions with the advisors as well as their gender are important factors.…”

Section: Around Here>mentioning

confidence: 82%

Diversity and women in finance: Challenges and future perspectives

Girardone

Kokas

Wood

2021

Journal of Corporate Finance

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Section: Around Here>mentioning

confidence: 82%

Diversity and women in finance: Challenges and future perspectives

Girardone

Kokas

Wood

2021

Journal of Corporate Finance

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“…Previous studies suggest that gender difference in the willingness to take risk may be context sensitive ( Maxfield et al, 2010 ) and culture-specific ( Friedl et al, 2020 ). A more recent study reported that men do not necessarily make more risky choices than women ( Baeckström et al, 2021 ). Nevertheless, more studies are needed to further examine gender differences in risk tolerance and cerebellar anatomy.…”

Section: Discussionmentioning

confidence: 99%

Cerebellum anatomy predicts individual risk-taking behavior and risk tolerance

Quan

Mao

et al. 2022

NeuroImage

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“…Along with this, female investors are more likely to invest in such assets, whether individual or in a portfolio. While male investors are reported to have a higher intention for investing in risky securities in both the short and long term than women (Baeckström, Marsh, and Silvester 2021).…”

Section: Literature Reviewmentioning

confidence: 97%

A Study on Financial Literacy, Investors’ Sentiment, and Financing Decisions with the Moderating Role of Investors’ Experience: Evidence from Pakistan

Ali

2023

ABCIEF

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This study ventures into uncharted territory by delving into the distinctive interplay between investor sentiments, financial literacy, and investment decisions, all while considering the moderating influence of investors' experience. To enhance the precision of our findings, the study incorporates age and education of investors as control variables in this intricate relationship. Therefore, empirical research is conducted to understand the behavioral pattern of individuals which can stabilize their investment decisions in an emerging market context such as Pakistan. In this study, we intertwine the theoretical perspective of cognitive psychology with investment decisions. To achieve this, three hypotheses are formulated to scrutinize the relationships among investor sentiments, financial literacy, investor experience, and investment decision-making. Data from 100 investors in Pakistan are collected for the analysis. SPSS 23.0 is used to compile analysis results by applying different techniques such as Factor Analysis, Simple & Multiple Regression, and moderating techniques. The outcomes of the study explain that H1 is accepted, which explores that there is a positive relationship between financial investment and investment decision. Similarly, H2 is also accepted and reports that there is a direct association between investor sentiments and investment decisions. Furthermore, H3 indicates a significant finding, suggesting partial moderation in the link between investor sentiment and investment decisions, while demonstrating full moderation in the relationship between financial literacy and investment decisions.

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Financial advice and gender: Wealthy individual investors in the UK

Cited by 23 publications

References 76 publications

Diversity and women in finance: Challenges and future perspectives

Diversity and women in finance: Challenges and future perspectives

Cerebellum anatomy predicts individual risk-taking behavior and risk tolerance

A Study on Financial Literacy, Investors’ Sentiment, and Financing Decisions with the Moderating Role of Investors’ Experience: Evidence from Pakistan

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