Dergiler / Business and Economics Research Journal / 2019 / Cilt: 10 - Sayı: 4

The Effect of Sociodemographic Variables and Love of Money on Financial Risk Tolerance of Bankers

Sayfa
855–866
DOI
—
🏛️Bu makalenin bibliyografik verileri ve tam metin bağlantısı DergiPark üzerinden sağlanmıştır.
DergiPark Kaydı ↗
✨

Yapay Zeka Hızlı Bakış & Çıkarımlar

AI Insight
⚡ TL;DR(1 Cümlede Hızlı Çıkarım)

According to t-test and ANOVA analysis, there are significant differences in financial risk tolerance level according to the love of money, age, number of children, level of education, and years in occupation.

📌 3 Maddede Bu Makale

🎯
Amaç & Hipotez:The purpose of this study is to explore the effect of sociodemographic variables and love of money on financial risk tolerance levels among bankers.
📊
Temel Bulgular & Veri:Data is gathered from 259 bankers with a structured questionnaire.
💡
Sonuç & Katkı:According to t-test and ANOVA analysis, there are significant differences in financial risk tolerance level according to the love of money, age, number of children, level of education, and years in occupation.
🔬Tür:Uygulamalı Anket & Alan Araştırması
📍Kapsam:Genişletilmiş Akademik Örneklem
⚙️Değişkenler:Alan Parametreleri

Özet

The purpose of this study is to explore the effect of sociodemographic variables and love of money on financial risk tolerance levels among bankers. The sociodemographic variables used in the study are age, gender, marital status, number of children, education, monthly income, years in occupation and sector (public or private). The study also investigates the relationship between love of money which is one of the personal characteristics and financial risk tolerance. Data is gathered from 259 bankers with a structured questionnaire. Results of the multiple regression analysis show that while there is a positive and significant relationship between number of children, education, and monthly income and financial risk tolerance, there is a negative and significant relationship between marital status and years in occupation. According to t-test and ANOVA analysis, there are significant differences in financial risk tolerance level according to the love of money, age, number of children, level of education, and years in occupation.

🔖

Bu Makaleye Atıf Yap

ANBAR, A., EKER, M. (2019). The Effect of Sociodemographic Variables and Love of Money on Financial Risk Tolerance of Bankers. Business and Economics Research Journal, Cilt: 10 - Sayı: 4, 855–866. https://ajindex.com/articles/143797

📄 Tam Metin PDF Okuyucu

📄

PDF görüntüleyici hazırlanıyor...

Kaynakça (12)

  1. Aksoy, E. E. (2018). Türkiye’deki bireysel yatırımcıların yatırım riski tercihlerini etkileyen bireysel faktörlerin analizi. İşletme Araştırmaları Dergisi, 10(3), 874-891.
  2. Anbar, A., & Eker, M. (2010). An empirical investigation for determining of the relation between personal financial risk tolerance and demographic characteristic. Ege Academic Review, 10(2), 503-523.
  3. Arano, K., Parker, C., & Terry, R. (2010). Gender-based risk aversion and retirement asset allocation. Economic Inquiry, 48(1), 147-155.
  4. Brooks, C., Sangiorgi, I., Hillenbrand, C., & Money, K. (2018). Why are older investors less willing to take financial risks? International Review of Financial Analysis, 56, 52-72.
  5. Chaulk, B., Johnson, P. J., & Bulcroft, R. (2003). Effects of marriage and children on financial risk tolerance: A synthesis of family development and prospect theory. Journal of Family and Economic Issues, 24(3), 257-279.
  6. Cihangir, M., Şak, N., Bilgin, Ş. (2016). Bireysel yatırımcı demografileri: Osmaniye ilinde risk getiri tercihlerinin multinominal probit modeliyle incelenmesi. Muhasebe ve Finansman Dergisi, Nisan/2016, 129-142.
  7. Cooper, W. W., Kingyens, A. T., & Paradi, J. C. (2014). Two-stage financial risk tolerance assessment using data envelopment analysis. European Journal of Operational Research, 233, 273-280.
  8. Dickason, Z., & Ferreira, S. J. (2018). The effect of gender and ethnicity on financial risk tolerance in South African. Gender & Behaviour, 16(1), 10851-10862.
  9. Eker, S. (2018). The impact of machiavellianism and love of money on bank officers' unethical behavior. III. International Conference on Economics Business Management and Social Sciences “Transformations in Economics and Business in the 21st Century”. August 07 – 11, Skopje. Ensari Alpay, E. E., Yavuz, M., & Kahyaoglu, M. B. (2015). Gelir durumunun risk algısına etki eden diğer sosyoekonomik ve demografik faktörler üzerindeki etkisi. Çukuroava Üniversitesi İktisadi ve İdari Bilimler Dergisi, 16(1), 205-226.
  10. Faff, R., Hallahan, T., & McKenzie, M. (2009). Nonlinear linkages between financial risk tolerance and demographic characteristics. Applied Economics Letters, 16, 1329-1332.
  11. Finke, M. S., & Huston, S. J. (2003). The brighter side of financial risk: Financial risk tolerance and wealth. Journal of Family and Economic Issues, 24(3), 233-256.
  12. Fisher, P. J., & Yao, R. (2017). Gender differences in financial risk tolerance. Journal of Economic Psychology, 61, 191- 202. Gibson, R., Michayluk, D., & Van de Vente