scholarly journals HOW FEMALE DIFFER IN DECISION MAKING FOR PERSONAL INVESTMENT STRATEGY

2021 ◽  
Vol 5 (40) ◽  
pp. 92-98
Author(s):  
M. Mikelionyte ◽  
A. Lezgovko
Keyword(s):  
Financial Literacy ◽  
Good Practice ◽  
Investment Strategy ◽  
Personal Finance ◽  
Jel Classification ◽  
Investment Strategies ◽  
Personal Investment ◽  
Practice Method ◽  
Female Investment ◽  
And Gender

Abstract. This study investigates Lithuanian females’ personal investment peculiarities in line with Australia’s case analysis and application as a good practice method. Based on many publicly available research females tend to have less knowledge about finances in general and particularly investment processes; hence, it leads to their lack of interest into investing and the possibility of poor money management. This issue might be solved by investigating why it appears first and adopting the practical example from countries with developed investment market. In the case of comparison of personal investment strategies among Lithuanian and Australian females the two sets of questionnaires have been used to collect the data for further analysis. The main findings revealed by the survey were, that women in Australia had a higher financial literacy level, invested more often, and chose broader variety of investment instruments compared to Lithuanian females. Moreover, the significant discovery of the article disclosed that Lithuanian females chose not to invest due to the lack of additional funds and the shortage of financial knowledge. The main limitation occurred during the research was the lack of the available data on personal investment topic in Lithuania’s official statistic sources such as The Lithuanian Department of Statistics. The results of the research contribute towards improving Lithuanian female personal finance and investment areas and could be applied to further studies or used for the education program dedicated to financial literacy among women in Lithuania creation. Furthermore, this article creates an original value to personal finance, investment, and financial literacy areas in Lithuania by introducing an idea to not only conduct more studies in these fields, but also to use comparative analysis and good practice method from the countries that demonstrates high achievements in personal finance and gender equality areas. Keywords: personal investment management, female investment, financial literacy, investor’s profile, investing, investment options, investment strategies. JEL Classification G51, G53 Formulas: 1; fig.: 5; tabl.: 1; bibl.: 15

scholarly journals Gender Impact on Personal Investment Strategies

2021 ◽  
Vol 18 (1) ◽  
pp. 32-45
Author(s):  
Mintautė Mikelionytė ◽  
Aleksandra Lezgovko
Keyword(s):  
Financial Literacy ◽  
Economic Status ◽  
Investment Decision ◽  
Relevant Literature ◽  
Investment Strategy ◽  
Personal Finance ◽  
Strategy Development ◽  
Investment Strategies ◽  
Financial Decisions ◽  
Personal Investment

Abstract Research purpose. This study is dedicated to investigating the peculiarities of personal investment decisions among female and male investors to analyse the gender differences that occur during personal investment strategy establishment processes. This study is based on the literature research and aims at exploring the existing knowledge on financial behaviour and gender influence on personal investment selection. The importance and originality of this study are that it assesses the collective evidence in the personal investment field and explores its processes through the prism of gender impact. The understanding of the gender bias impact on the personal investment strategy development process can play an important role in addressing the issue of gender inequality in finance and investment areas. This paper is dedicated to answering the question of how gender impacts personal investment strategies. Design/ Methodology/ Approach. The major task was to conduct the research on the male and female personal investment decision peculiarities presented in literature sources and to prepare the survey to conduct practical research while applying theoretical knowledge and presenting the findings along with the suggestions on how to improve the female situation in investment field. Findings. The most prominent finding to emerge from this study is that females lack knowledge and understanding in finance and especially investment areas; therefore, this leads to inadequacy in self-confidence in finance and investment matters and, as a result, neglect of successful personal finance management and, more significantly, poor investment strategy decisions. Originality/ Value/ Practical implications. The main goal of the current study was to determine whether the gender difference exists in personal finance and especially investment area, to refine the reasons behind this phenomenon, to analyse what could be done to improve the situation and introduce suggestions for further research. The research was done based on relevant literature, reports, surveys, statistical data used for literature analysis, and Lithuania’s case study for the practical part of the research. The primary objectives were to find out what are the main peculiarities between males and females when it comes to personal investment strategy choices and to analyse financial literacy and investment fields through the female perspective. The main points revealed during this study were that men tend to invest more often than women, as females, in general, prefer to save rather than invest; women tend to choose less risky investment strategies compared to men or save rather than invest. The main factors of this phenomena are the influence of cultural, social, or psychological factors, low financial literacy level, differences in economic status, longer life expectancy, the lack of confidence when it comes to knowledge applied to the financial decisions; males are more likely to choose a higher-risk investment strategy and to be more confident in their investment ability even if they have less knowledge on the matter. The analysis of Lithuania’s case has also confirmed the main literature review findings and reported females to lack financial and investment knowledge, spare funds and prefer to save rather than invest or invest into the low-risk tools.

scholarly journals FINANCIAL LITERACY ON POSTGRADUATE STUDENTS TRISAKTI UNIVERSITY

2016 ◽  
Vol 14 (2) ◽  
pp. 97
Author(s):  
Farah Margaretha ◽  
Yosephin Artiani
Keyword(s):  
Financial Literacy ◽  
Graduate Program ◽  
Personal Finance ◽  
Primary Data ◽  
Work Place ◽  
Postgraduate Students ◽  
And Gender ◽  
Corporate Social ◽  
The University ◽  
The Relationship

<p>financial literacy is a basic need for everyone to avoid financial problems. Understanding of financial literacy is the vital things to obtain a prosperous life and quality. This study was performed to obtain the relationship between financial literacy by gende, age, course of study, income level, employment structure, areas of works, workplaces, and location of residence. Object the research was Trisakti University Postgraduate Students who were already working. This research raised problems concerning gender, age, education, income, natures of work, the workplaces, and residence affecting financial literacy in students of Trisakti University post-graduate program who were employee worked in a variety of fields, where in this research financial literacy was the dependent variable and gender, age, income, nature of works, work place and residence were as independet variables. The researchused 311 primary data optained by questionnaire and then analyzed by using ANOVA in SPSS. This research proposed recommendations so that the University can provide education concerning personal finance to the students so that they from an early age have knowledge concerning personal finance. Financial companies may provide financial literacy to people which were corporate social responsibility.</p>

scholarly journals Profitability of investment strategies developed on the basis of buy and sell recommendations

2021 ◽  
Vol 43 ◽  
pp. 317-338
Author(s):  
Paweł Wnuczak ◽  
Keyword(s):  
Stock Market ◽  
Capital Market ◽  
Stock Exchange ◽  
Investment Strategy ◽  
Jel Classification ◽  
Theory And Practice ◽  
Investment Strategies ◽  
Market Theory ◽  
Rates Of Return ◽  
Long Run

Aim/purpose – The paper has two objectives. The first is to examine the profitability of applying investment strategies based on “buy” and “sell” recommendations issued by stock market analysts. The second objective is to validate that analysts who issue a rec- ommendation may not be impartial (not supporting any of the sides involved in an argu- ment) because the largest group of recommendations issued is “buy” recommendations. Design/methodology/approach – This study was conducted based on all the “buy” and “sell” recommendations issued during the period between January 1, 2004 and Decem- ber 31, 2016 for companies listed on the Warsaw Stock Exchange, using data from www.bankier.pl. The annual forecast rates of return were determined for all the recom- mendations included in the survey. The expected rates of return were determined for each recommendation based on the information collated from the Bloomberg database. The regression analysis enabled the exploration of the relationship between the actual rates of return and the rates of return predicted in recommendations. Findings – It was determined that investing on the basis of the information included in “sell” recommendations might make it possible to avoid unprofitable investments. At the same time, the study shows that an investment strategy compliant with “buy” recom- mendations does not let the investor achieve the expected rates of return on an invest- ment in the capital market in the long term. Research implications/limitations – The conducted research could be an important source of information for stock market investors’ decision-making regarding investments Originality/value/contribution – Despite the topic of recommendation effectiveness being very important from the perspective of capital market theory and practice, it is still unclear whether investing based on information provided in stock market recommenda- tions can be a profitable strategy in the long run. The study offers a bridge to fill the existing research gap. Keywords: recommendations, stock exchange, investment. JEL Classification: G140

scholarly journals FACTORS OF IMPACT ON THE INSURANCE BEHAVIOR OF THE UKRAINIAN HOUSEHOLDS

2021 ◽  
Vol 3 (38) ◽  
pp. 368-378
Author(s):  
V. Hnieusheva
Keyword(s):  
Financial Literacy ◽  
Jel Classification ◽  
Financial Behavior ◽  
Market Regulation ◽  
Internal Factors ◽  
Macroeconomic Factors ◽  
Insurance Benefits ◽  
And Gender ◽  
State Pension ◽  
Regulation Model

Abstract. Taking into account the fact that the comprehensive research of the basic elements of the insurance behavior of the households is nearly non-existent, and the insurance behavior of the households is characterized by the poor insurance culture, misunderstanding of the advantages and necessity of the insurance, the establishment of the factors of impact on its formation and identification of those influencing on the insurance behavior most of all among the myriad of factors becomes especially topical. The performed research digest allowed concluding that the interpretation of the insurance behavior essence is limited and does not take into account its saving and consumer-related nature. So, it was proposed to determine the insurance behavior as the variety of the financial behavior of the households oriented to the provision of the financial protection of the households at the expense of the monetary funds formed by means of payment of the insurance premiums and earnings from the investment of the resources of these funds. It was also proposed to divide the factors of impact on the insurance behavior of the households into the external and internal causes in the course of the research conducted. The analysis of the dynamics of the unemployment rate, average salary, minimum official wage and minimum pension was performed for the purpose of establishment of the degree of impact of the macroeconomic factors on the insurance behavior of the households. The level of impact of the demographic factors such as person’s age and gender on his/her insurance behavior was substantiated with the use of the analysis of the dynamics and structure of the membership of non-state pension funds. The data of the conducted research suggest that such factors as the political and social stability, condition of the labour market, income level of the households, warrants of insurance benefits, financial literacy and insurance culture, psychological personality type, acts of God, and pandemics have the greatest impact on the shaping of the insurance behavior of the households. Such factors as the rumor, pieces of advice from relatives or friends, and religion have impact on the insurance behavior to a lesser extent. The reformation of the Ukrainian insurance market regulation model would enable to eliminate the problems holding back shaping of the active insurance behavior of the households. Keywords: insurance behavior of the households, external factors, internal factors, insurance culture, warrants of insurance benefits. JEL Classification G22, D19 Formulas: 0; fig.: 2; tabl.: 2; bibl.: 23.

Mutual fund management in the period of financial crisis

2017 ◽  
Vol 31 (2) ◽  
pp. 75-81
Author(s):  
О. А. Bank
Keyword(s):  
Financial Crisis ◽  
Mutual Fund ◽  
Economic Recession ◽  
Investment Strategy ◽  
Economic Conditions ◽  
Investment Strategies ◽  
Fixed Income ◽  
Fund Management ◽  
Fund Managers ◽  
Different Types

Mutual fund managers do not have full freedom in choosing investment strategies - they are limited both by the laws and by investment declarations of the funds. Investment strategy cannot be fully changed even in financial crisis but it only can be corrected. This fact could not be characterized as a disadvantage because different types of funds are efficient in different time even during the same economic recession. Mutual fund manager should rationally invest funds of their clients: it is better to keep the maximum possible part of the portfolio in cash and instruments with fixed income on the declining market and it is better to keep shares on the rising market. However the choice of bonds also as the choice of shares should pay respect for the features of these instruments during unfavorable economic conditions. Russian mutual fund management differs from fund management in other countries as in stable economic situation so in the circumstances of financial crisis.

Military Subsidization of Human Capital and Gender Stratification in the US Economy

2021 ◽  
pp. 048661342098262
Author(s):  
Tyler Saxon
Keyword(s):  
Human Capital ◽  
The United States ◽  
Jel Classification ◽  
Access To Higher Education ◽  
Gender Stratification ◽  
Us Economy ◽  
The Us ◽  
And Gender ◽  
Capital Development ◽  
The Military

In the United States, the military is the primary channel through which many are able to obtain supports traditionally provided by the welfare state, such as access to higher education, job training, employment, health care, and so on. However, due to the nature of the military as a highly gendered institution, these social welfare functions are not as accessible for women as they are for men. This amounts to a highly gender-biased state spending pattern that subsidizes substantially more human capital development for men than for women, effectively reinforcing women’s subordinate status in the US economy. JEL classification: B54, B52, Z13

Behavioural, Socio-economic Factors, Financial Literacy and Investment Decisions: Are Men More Rational and Women More Emotional?

2021 ◽  
pp. 001946622098702
Author(s):  
Swati Prasad ◽  
Ravi Kiran ◽  
Rakesh Kumar Sharma
Keyword(s):  
Financial Literacy ◽  
Structural Equation ◽  
Investment Decisions ◽  
Jel Classification ◽  
Economic Factors ◽  
Fund Managers ◽  
Multivariate Technique ◽  
Retail Investors ◽  
Behavioural Factors ◽  
Socio Economic Factors

This study covers the gender-wise analysis of how behavioural factors and socio-economic factors along with the level of financial literacy influence investment decisions of Indian retail investors. Equally pertinent is to understand that will it have a different influence and bearing on males and females. Multivariate technique partial least squares-structural equation modelling (PLS-SEM) has been applied to develop the model and analyse the results. The study used a structured questionnaire for collecting data from retail investors. The findings of PLS-SEM show that in both genders, behavioural factors, socio-economic factors and financial literacy factors significantly affect investment decisions. However, the findings demonstrate that for women investors, the model is more effective. This study may be useful for prospective fund managers as, in many earlier studies, women are considered to be risk aversive. The results demonstrate that there is a need to target women, and the scenario today is not similar to the pre-existing ones. JEL Classification: G110, G4

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