Retail investors' financial risk tolerance and their risk-taking behaviour: The role of demographics as differentiating and classifying factors

Kannadhasan, M.

doi:10.1016/j.iimb.2015.06.004

Cited by 123 publications

(124 citation statements)

References 20 publications

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“…This research is consistent with the results of Kannadhasan's (2015) study which find that marital and occupational status had no significant effect on financial risk tolerance. It is also consistent with the results of research by Thanki (2015) and Hallahan et al (2003) that education has no significant effect on financial risk tolerance.…”

Section: Resultssupporting

confidence: 92%

“…Meanwhile, other variables have no effect on Financial Risk Tolerance. The results of the study are consistent with Kannadhasan (2015) which states that individuals with higher incomes have sufficient resources to meet their basic commitments. Since investors make investments with surplus money investors have a greater capacity over the coming risk.…”

Section: Resultssupporting

confidence: 88%

“…While other independent variables such as gender, age, marital status, education, and occupation show no significant partial influence on financial risk tolerance. Further research recommendation is in line with Kannadhasan (2015) that is the need of using variables other than demographic factors such as personality type, race, family background, culture, and birth order so that the research model will give better reflection on what factors influence financial risk tolerance.…”

Section: Resultsmentioning

confidence: 91%

“…The object of research is retail investors who conduct stock investment transactions on the Indonesia Stock Exchange with criteria: the minimum age of retail investors is 17 years, active in buying and selling stocks over the past 6 months, have a basic knowledge of stock investments by joining the group or discussion forum about stock transaction, and minimum of 1 stock transaction per month. The research questionnaire adapted Kannadhasan (2015) research using 1-4 Likert scale. The validity and reliability testing are done by looking at Cronbach's Alpha.…”

Section: Methodsmentioning

confidence: 99%

“…The validity and reliability testing are done by looking at Cronbach's Alpha. Cluster analysis is also done by referring to Kannadhasan (2015) to identify the number of the Financial Risk Tolerance (FRT) category and classify the retail investors in different groups. Cluster 1 is labeled Below Average FRT and Cluster 2 is Above Average FRT.…”

Section: Methodsmentioning

confidence: 99%

See 4 more Smart Citations

Demography factors, financial risk tolerance, and retail investors

Sutejo¹,

Pranata²,

Mahadwartha³

2018

Proceedings of the 15th International Symposium on Management (INSYMA 2018)

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Section: Resultssupporting

confidence: 92%

Section: Resultssupporting

confidence: 88%

Section: Resultsmentioning

confidence: 91%

Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

See 3 more Smart Citations

Demography factors, financial risk tolerance, and retail investors

Sutejo¹,

Pranata²,

Mahadwartha³

2018

Proceedings of the 15th International Symposium on Management (INSYMA 2018)

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Understanding Financial Risk Tolerance

Cruciani

Gardenal

Amitrano³

2022

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