Financial risk tolerance and its determinants: The perspective of personnel from security services in Ghana

The Influence of Financial Knowledge, Financial Socialization on Financial Satisfaction with Financial Risk Attitude as a Mediation Variable in Millennial Generation in Padang City

“…The results show a significant 0.241 which is greater than the significant value of 0.05, so it can be deduced that the financial socialization variable has no significant effect on the financial risk attitude of millennials in the city of Padang, so the second hypothesis is rejected according to research by (Yaw Owusu et al, 2023 ) (Yuliani et al, 2021) . This research is the same as the explanation put forward by (Yuliani et al, 2021) that the low level of financial socialization is due to a lack of detailed education regarding financial management so that it does not have an impact on financial risk tolerance.…”

“…The financial risk attitude of individuals tends to be influenced by their newly developed financial values and not their family's financial socialization. Hence, there is no significant relationship between family financial socialization and financial risk attitude (Yaw Owusu et al, 2023).…”

Determinants of Risk Tolerance of Investors in Nepal

“…There is a fundamental principle of investment which highlights that individuals are generally willing to embrace greater levels of risk only when the potential for higher returns is greater, which is commonly referred as "higher the risk, higher the return". In line with this risk-return theory, financially risk-tolerant individuals can take on more risk and therefore have a higher likelihood of receiving higher returns (Owusu, Korankye, Yankah, & Donkor, 2023). Nonetheless, while this principle theoretically guides the aspirations of all investors, practical decisions often see individual investors deviate from this path primarily due to variations in their personal risk tolerance levels, which, for a variety of reasons, may not align with a purely objective and rational assessment of risk (Pyles, Li, Wu, & Dolvin, 2016).…”