SavedAdd your journal

Journals / Zonguldak Karaelmas Üniversitesi Sosyal Bilimler Dergisi / 2009 / Cilt: 5 - Sayı: 9

Demographic and socioeconomic factors that affect financial risk perceptions of individual investors

Bireysel yatırımcıların finansal risk algılamalarını etkileyen demografik ve sosyoekonomik faktörler

Adem ANBAR
MELEK EKER
Pages
129–150
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This study discusses the dimensions of relationship between financial risk perceptions and demographic and socioeconomic factors.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:Financial risk perceptions of individual investors and measuring financial risk tolerance are quite important for both individual investors that want to increase the value of their savings and financial institutions that serve as intermediary and adviser.
📊
Key Findings & Data:Financial risk perceptions of investors are also important for institutions that issue financial investment isntruments with respect to structuring financial instruments.
💡
Conclusion & Impact:This study discusses the dimensions of relationship between financial risk perceptions and demographic and socioeconomic factors.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

Financial risk perceptions of individual investors and measuring financial risk tolerance are quite important for both individual investors that want to increase the value of their savings and financial institutions that serve as intermediary and adviser. Financial risk perceptions of investors are also important for institutions that issue financial investment isntruments with respect to structuring financial instruments. The factors that affect financial risk perceptions of individual investors have been subject of research and discussion for long years. This study discusses the dimensions of relationship between financial risk perceptions and demographic and socioeconomic factors.

Özet

Bireysel yatırımcıların finansal risk algılamaları ve finansal risk toleransının ölçülmesi, hem tasarruflarını çeşitli yatırım alternatiflerinde değerlendirmek isteyen bireysel yatırımcılar hem de yatırımcılara aracılık ve danışmanlık hizmeti sunan finansal kurumlar açısından oldukça önemlidir. Ayrıca yatırımcıların finansal risk algılamaları, finansal enstrümanların yapılandırılması açısından, finansal yatırım enstrümanlarını ihraç eden kurumlar için de önemlidir. Bireysel yatırımcıların finansal risk algılamalarını etkileyen faktörler, yıllardır pek çok araştırma ve tartışmanın konusu olmuştur. Bu çalışma, yatırımcıların finansal risk algılamaları ile demografik ve ekonomik faktörler arasındaki ilişkinin boyutlarını tartışmaktadır.

🔖

Cite This Article

ANBAR, A., EKER, M. (2009). Demographic and socioeconomic factors that affect financial risk perceptions of individual investors. Zonguldak Karaelmas Üniversitesi Sosyal Bilimler Dergisi, Cilt: 5 - Sayı: 9, 129–150. https://ajindex.com/articles/336066

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (14)

  1. Al-Ajmi, Jasim Y. (2008), “Risk Tolerance of Individual Investors in an Emerging Market”, International Research Journal of Finance and Economics, Issue 17, pp. 15-26.
  2. Ardehali, Parisa Hosseini, Joseph C. Paradi ve Mette Asmild (2005), “Assessing Financial Risk Tolerance of Portfolio Investors Using Data Envelopment Analysis”, International Journal of Information Technology & Decision Making, Vol. 4, Issue 3, pp. 491–519.
  3. Bajtelsmit, Vickie L. ve Alexandra Bernasek (1996), “Why Do Women Invest Differently Than Men?”, Financial Counseling and Planning, Vol. 7, pp. 1-10.
  4. Bajtelsmit, Vickie L. (1999), “Evidence of Risk Aversion in the Health and Retirement Study”, March 1, pp. 1-18, http://www.aria.org/rts/proceedings/1999/risk_aversion.htm, (Erişim Tarihi: 13.09.2008).
  5. Başoğlu, Ufuk, Ali Ceylan ve İlker Parasız (2001), Finans: Teori, Kurum ve Araçlar, Ekin Kitabevi,
  6. Bursa. Bellante, Don ve Carole A. Gren (2004), “Relative Risk Aversion mong the Elderly”, Review of Financial Economics, Vol. 13, pp. 269–281.
  7. Brown, Sarah ve Karl Taylor (2003), “Wage Growth, Human Capital and Risk Preference”, June, pp. 1-28, http://repec.org/res2004/BrownTaylor.pdf, (Erişim Tarihi: 12.09.2008).
  8. Brown, Sarah ve Karl Taylor (2005), “Wage Growth, Human Capital and Financial Investment”, The Manchester School, Vol. 73, Issue 6, December, pp. 686–708.
  9. Brown, Sarah ve Karl Taylor (2007), “Education, Risk Preference and Wages”, Manuscript, Departmant of Economics, University of Sheffield, January, pp.1-27.
  10. Brown, Sarah, Michael Dietrich, Aurora Ortiz ve Karl Taylor (2008), “Self- Employment and Risk Preference”, Sheffield Economic Research Paper Series, February, pp. 1-29.
  11. Callan, Victor J. ve Malcolm Johnson (1999), “Measuring Risk Tolerance: A Psychological Perspective”, The University of Queensland, August, pp.1-25.
  12. Charness, Gary ve Uri Gneezy (2007), “Strong Evidence for Gender Differences in Investment”, September 18, pp. 1-21, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=648735, (Erişim Tarihi: 16.08.2008).
  13. Chaulk, Barbara, Phyllis J. Johnson ve Richard Bulcroft (2003), “Effects of Marriage and Children on Financial Risk Tolerance: A Synthesis of Family Development and Prospect Theory”, Journal of Family and Economic Issues, Vol. 24, Issue 3, pp. 257-279.
  14. Coleman, Susan (2003), “Women and Risk: An Analysis of Attitudes and Investment Behavior”, Ed.: Janet L. Dye ve Denise Woodbury, Academy of Accounting and Financial Studies Journal, Vol. 7, Issue 2, pp. 99-115. Cordell,