A Study on the Factors Influencing Individual Retirement Fund Choices

Selim Aren, Sibel Dinç Aydemir and Arzu Rahime Uçar
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Selim Aren: Yıldız Technical University
Sibel Dinç Aydemir: Gebze Technical University
Arzu Rahime Uçar: Gebze Technical University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2015, vol. 30, issue 103, 21-50

Abstract: This study aims to identify factors having impact on retirement fund choices and to establish guiding elements for financial advisors. For this purpose, the conveniently chosen sample was employed. Discriminant analysis shows that age, education and risk taking behavior are relatively important to fund choice and presents a function predicting which fund individuals could select according to these mentioned factors. Additionally, anova shows that certain aspects of risk perception vary according to fund type.

Keywords: Individual retirement fund choice; emotional intelligence; financial literacy; risk perception; risk taking (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:30:y:2015:i:103:p:21-50

DOI: 10.33203/mfy.307217

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