scholarly journals The determinants of intention to buy retirement plans of HCMC residents

2015 ◽  
Vol 18 (4) ◽  
pp. 45-54
Author(s):  
Dung Tien Nguyen ◽  
Anh Ngoc Tram Pham ◽  
Minh Tien Pham
Keyword(s):  
Purchase Intention ◽  
Financial Risk ◽  
Time Perspective ◽  
Negative Impact ◽  
Future Orientation ◽  
Future Time Perspective ◽  
Risk Tolerance ◽  
Perceived Behavioral Control ◽  
Retirement Plans ◽  
Financial Risk Tolerance

The aim of this research is to examine the determinants of intention of HCM city’s residents in buying retirement plans which have recently been launched to provide additional incomes for retirees and to relieve the national budget. The research model was conducted based on the theory of planned behaviors (Ajzen, 1991), future time perspective, and financial risk tolerance. PLS-SEM was applied in data analysis. The result indicates the determinants of purchase intention; among those, the attitude, subjective norm, perceived behavioral control and future orientation have positive impacts, and financial risk tolerance has negative impact on intention.

Perceptions of Retirement Adequacy: Evidence From South Africa

2018 ◽  
Vol 29 (2) ◽  
pp. 343-356 ◽  
Author(s):  
Michelle Reyers
Keyword(s):  
Financial Risk ◽  
Time Perspective ◽  
Future Time Perspective ◽  
Risk Tolerance ◽  
Financial Behavior ◽  
Retirement Income ◽  
Retirement Savings ◽  
Savings Behavior ◽  
South Africans ◽  
Income Adequacy

Concerns regarding the adequacy of retirement savings have contributed to the move to encourage better savings behavior. One area of research focuses on understanding the profile of individuals who believe they are preparing adequately for retirement. The current study uses data from a national survey of South Africans to determine how confident workers are about their future retirement income adequacy, and whether behavioral characteristics play a role in their perception of retirement readiness. This study highlights the role that behavioral factors play in perceptions of retirement income adequacy in an African developing market context. In particular, financial risk tolerance, future time perspective, good financial behavior, and self-assessed financial knowledge are all found to be positively related to respondents’ retirement confidence.

scholarly journals Perceptions of retirement adequacy in Lesotho: Behavioural and socio-economic influences

2018 ◽  
Vol 11 (1) ◽  
Author(s):  
Tokiso Nthebe ◽  
Michelle Reyers
Keyword(s):  
Financial Literacy ◽  
Financial Risk ◽  
Online Survey ◽  
Time Perspective ◽  
Financial Sector ◽  
Future Time Perspective ◽  
Risk Tolerance ◽  
Bivariate Analysis ◽  
Future Research ◽  
Multivariate Techniques

Orientation: Saving for retirement is complicated for employees because of the complexity of the financial decisions involved. Financial decision-making is believed to be associated with a number of behavioural and socio-economic factors, and these factors may in turn be related to whether employees perceive themselves to be adequately saving for retirement.Research purpose: This study assesses which factors predict whether individuals working in both the financial and non-financial sectors in Lesotho perceive themselves to be adequately preparing for retirement. The main focus is on financial literacy (FL), financial risk tolerance (FRT) and future time perspective (FTP). As a secondary focus, the study looks at the potential differences between two sectors of employees that may be attributed to differing levels of FL.Motivation for the study: This study focuses on Lesotho to provide an African context on retirement saving and hopefully lay the foundation for future research in the field of retirement saving.Research approach/design and method: Data were collected from 200 participants using an online survey at three companies in Lesotho and analysed using bivariate and multivariate techniques, with a linear regression model used in terms of the multivariate analysis.Main findings: This study finds that FL, FRT and FTP are all positively related to perceived retirement adequacy (RA) in the bivariate analysis. In the multivariate analysis, for those working outside the financial sector, objective FL, subjective FL and FTP were positively related to perceived RA, whereas for those in the financial sector, higher levels of FTP, higher household income and being older were all associated with higher levels of perceived RA.Practical/managerial implications: The participants in this study are not representative of the broader Lesotho population; therefore, further research would be required before this conclusion is generalised.Contribution/value-add: These findings provide insights to industry role players about the profile of individuals who are confident about retirement savings and how this contrasts with those who are not confident.

Demographic Variables, Delay Discounting Models and Dysfunctional Personality Traits as Predictors of Financial Risk-Tolerance Among Community-Dwelling Italian Adults

2021 ◽  
pp. 026010792110321
Author(s):  
Antonella Somma ◽  
Rebecca Sergi ◽  
Chiara Pagliara ◽  
Clelia Di Serio ◽  
Andrea Fossati
Keyword(s):  
Personality Traits ◽  
Linear Combination ◽  
Delay Discounting ◽  
Financial Risk ◽  
Short Form ◽  
Demographic Variables ◽  
Risk Tolerance ◽  
Community Dwelling ◽  
Self Report ◽  
Financial Risk Tolerance

To evaluate the effect of demographic variables, delay discounting and dysfunctional personality traits on financial risk tolerance (FRT), 281 community-dwelling adults were administered the Italian translations of the Risk-Tolerance Scale (RTS), Monetary Choice Questionnaire, Probability Discounting Questionnaire, and Personality Inventory for DSM-5-Short Form (PID-5-SF) self-report questionnaires through an online platform. Hierarchical robust regression results showed that the linear combination of demographic variables (gender and active worker status), delay discounting measures and selected PID-5-SF trait scale scores (i.e., Attention Seeking and Risk Taking) explained roughly 39% of the RTS total score. As a whole, our findings underscore the role of demographic characteristics, dysfunctional personality traits and delay discounting in FRT expression. As a result, FRT is likely to represent the linear combination of several factors that should be assessed in order to understand FRT and prevent erroneous choices among lay investors.

Personality, risk tolerance and social network use: an exploratory study

2016 ◽  
Vol 42 (6) ◽  
pp. 536-552 ◽  
Author(s):  
Shaista Wasiuzzaman ◽  
Siavash Edalat
Keyword(s):  
Social Networks ◽  
Social Network ◽  
Online Social Networks ◽  
Financial Risk ◽  
Ordinary Least Squares ◽  
Risk Tolerance ◽  
Network Activity ◽  
Least Squares Regression ◽  
Content Type ◽  
Financial Risk Tolerance

Purpose – The vast amount of information available via online social networks (OSN) makes it a very good avenue for understanding human behavior. One of the human characteristics of interest to financial practitioners is an individual’s financial risk tolerance. The purpose of this paper is to look at the relationship between an individual’s OSN behavior and his/her financial risk tolerance. Design/methodology/approach – The study uses data collected from a sample of 220 university students and the backward variables selection ordinary least squares regression analysis technique to achieve its objective. Findings – The results of the study find that the frequency of logging on to social network sites indicates an individual who has higher financial risk tolerance. Additionally, the increasing use of social networks for social connection is found to be associated with lower financial risk tolerance. The results are mostly consistent when the sample is split based on prior financial knowledge. Originality/value – To the authors’ knowledge this is the first study which documents the possibility of understanding an individual’s financial risk tolerance via his/her social network activity. This provides investment/financial consultants with more avenues for gathering information in order to understand their current or potential clients hence providing better services.

Impact of Behavioral Biases in Financial Risk Tolerance Ability of Mutual Fund Investors

2021 ◽  
Vol 7 (5) ◽  
pp. 2748-2765
Author(s):  
Nidhi Jain ◽  
Bikrant Kesari
Keyword(s):  
Mutual Fund ◽  
Financial Risk ◽  
Positive Impact ◽  
Investment Decision ◽  
Central India ◽  
Risk Tolerance ◽  
Behavioral Biases ◽  
Asset Class ◽  
Level Of Knowledge ◽  
Financial Risk Tolerance

Objective: The Behavioral bias is the term that deals with the investors’ psychology about their investment decision with their investment expertise. Every individual is biased, according to standard economic theory by his behavior and experiences which are rational. Methods: This research seeks to segregate mutual fund holders into various groups (persons and professionals) based on Behavioral biases and then investigates whether these Behavioral biases are influencing the level of knowledge of investors and the financial risk tolerance of certain mutual funds. Statistical tools compare investors characteristics and analyse how Behavioral biases are associated. Results: The factors analysed are financial circumstance, Type of Investors, Asset class preference, Time Horizon and Purpose of Investment. The primary information was gathered from 250 Central India mutual fund investors dependent on Judgment sampling. CFA, Correlation, MANOVA and Regression. Conclusions: Findings shows the effect of the behavior bias has positive impact on mutual fund investor awareness and financial risk tolerance.

Nonlinear linkages between financial risk tolerance and demographic characteristics

2009 ◽  
Vol 16 (13) ◽  
pp. 1329-1332 ◽  
Author(s):  
Robert Faff ◽  
Terrence Hallahan ◽  
Michael McKenzie
Keyword(s):  
Financial Risk ◽  
Demographic Characteristics ◽  
Risk Tolerance ◽  
Financial Risk Tolerance

scholarly journals The Effect of Financial Risk Tolerance and Family Income on Entrepreneurial Intention in Higher Education Sector of District Swabi

2021 ◽  
Vol VI (I) ◽  
pp. 24-37
Author(s):  
Rehan Zeb ◽  
Naveed Hussain Shah ◽  
Muhammad Arif
Keyword(s):  
Higher Education ◽  
Sample Size ◽  
Financial Risk ◽  
Family Income ◽  
Entrepreneurial Intention ◽  
Risk Tolerance ◽  
Education Sector ◽  
Public And Private ◽  
Financial Risk Tolerance ◽  
The Relationship

The study examines the effect of family income (FI) and financial risk tolerance (FRT) on entrepreneurial intention in students of Universities of the Higher Education Sector located in district Swabi. This is an explanatory and co relational study carrying a sample size of 330 out of the total of all 501 students from public and private Universities in Swabi. Financial determinants are prominent aspects of the study contributing to entrepreneurial intention. The study has established the relationship between FI and FRT on EI of universities of the Higher Education Sector located in district Swabi. The study is a contribution to the rare work on the relationship between financial determinants and entrepreneurial intention. The study revealed that FI and FRT significantly affect EI, whereas the order of contribution of these determinants on EI are evident their coefficients are FRT and FI.

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