A longitudinal study of financial risk tolerance

UTSePress Research/Manakin Repository

Search UTSePress Research


Advanced Search

Browse

My Account

Show simple item record

dc.contributor.author Van De Venter, Tobias en_US
dc.contributor.author Michayluk, David en_US
dc.contributor.author Davey, Geoff en_US
dc.contributor.editor en_US
dc.date.accessioned 2012-10-12T03:34:56Z
dc.date.available 2012-10-12T03:34:56Z
dc.date.issued 2012 en_US
dc.identifier 2011003687 en_US
dc.identifier.citation Van De Venter Tobias, Michayluk David, and Davey Geoff 2012, 'A longitudinal study of financial risk tolerance', Elsevier, vol. 33, no. 4, pp. 794-800. en_US
dc.identifier.issn 0167-4870 en_US
dc.identifier.other C1 en_US
dc.identifier.uri http://hdl.handle.net/10453/18836
dc.description.abstract Academics are divided as to whether financial risk tolerance is an enduring psychological trait and as a consequence is less likely to change over the life of an individual, or a variable psychological state which varies readily in response to internal and external influences. In this study we report the findings of a longitudinal study that investigates the annual change in financial risk tolerance scores of individuals over a 5. year period and the factors that influence such change. Our results indicate a relatively small annual change in individuals' financial risk tolerance. Although our regression model is ineffective in providing a clarification for a change in the financial risk tolerance scores of individual respondents, we find a slight decrease in financial risk tolerance associated with a decrease in household size and an increase in financial risk tolerance after terminating the services of a financial planner. From our results we propose that financial risk tolerance is a stable personality trait and is unlikely to change substantially over the life of an individual. en_US
dc.language en_US
dc.publisher Elsevier en_US
dc.relation.isbasedon http://dx.doi.org/10.1016/j.joep.2012.03.001 en_US
dc.title A longitudinal study of financial risk tolerance en_US
dc.parent Journal of Economic Psychology en_US
dc.journal.volume 33 en_US
dc.journal.number 4 en_US
dc.publocation Netherlands en_US
dc.identifier.startpage 794 en_US
dc.identifier.endpage 800 en_US
dc.cauo.name BUS.Finance en_US
dc.conference Verified OK en_US
dc.for 140200 en_US
dc.personcode 030700 en_US
dc.personcode 995682 en_US
dc.personcode 0000076257 en_US
dc.percentage 25 en_US
dc.classification.name Applied Economics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US
dc.date.activity en_US
dc.location.activity en_US
dc.description.keywords Financial planning; Financial risk tolerance; Longitudinal study; Risk assessment en_US
dc.staffid en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record