A longitudinal study of financial risk tolerance

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dc.contributor.author Van de Venter, G
dc.contributor.author Michayluk, D
dc.contributor.author Davey, G
dc.date.accessioned 2012-10-12T03:34:56Z
dc.date.issued 2012-01
dc.identifier.citation Journal of Economic Psychology, 2012, 33 (4), pp. 794 - 800
dc.identifier.issn 0167-4870
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.
dc.publisher Elsevier
dc.relation.isbasedon 10.1016/j.joep.2012.03.001
dc.title A longitudinal study of financial risk tolerance
dc.type Journal Article
dc.parent Journal of Economic Psychology
dc.journal.volume 4
dc.journal.volume 33
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 1402 Applied Economics
dc.personcode 030700
dc.personcode 995682
dc.percentage 100 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.description.keywords higher education
dc.description.keywords learning spaces
dc.description.keywords professional staff
dc.description.keywords student outcomes
dc.description.keywords Financial planning
dc.description.keywords Financial planning
dc.description.keywords Financial risk tolerance
dc.description.keywords Financial risk tolerance
dc.description.keywords Longitudinal study
dc.description.keywords Longitudinal study
dc.description.keywords Risk assessment
dc.description.keywords Risk assessment
dc.description.keywords Financial planning
dc.description.keywords Financial risk tolerance
dc.description.keywords Longitudinal study
dc.description.keywords Risk assessment
dc.description.keywords Financial planning
dc.description.keywords Financial risk tolerance
dc.description.keywords Longitudinal study
dc.description.keywords Risk assessment
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
pubs.organisational-group /University of Technology Sydney/Faculty of Business/Finance
pubs.organisational-group /University of Technology Sydney/Strength - Quantitative Finance
utslib.copyright.status Closed Access
utslib.copyright.date 2015-04-15 12:17:09.805752+10


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