Impact of Demographic Variables and Risk Tolerance on Investment Decisions: An Empirical Analysis

Kavita Chavali and M. Prasanna Mohanraj
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Kavita Chavali: Department of Accounting and Finance, College of Commerce and Business Administration, Dhofar University, Sultanate of Oman,
M. Prasanna Mohanraj: School of Business, Alliance University, Bengaluru, Karnataka, India.

International Journal of Economics and Financial Issues, 2016, vol. 6, issue 1, 169-175

Abstract: This empirical study explores the investment pattern and financial decision making of individuals and their risk tolerance. The study has adopted financial risk tolerance scale proposed by Grable and Lytton to measure the different dimensions of financial risk. Kendall's W test is used to ascertain the preferred source of investment of individuals. Chi-square test is used to determine the demographic variables and their relationship with investment pattern. The study reveals that gender has an impact on the investment pattern and decision making of respondents.

Keywords: Risk Tolerance; Demographics; Investment Pattern; Investment Decision (search for similar items in EconPapers)
JEL-codes: G02 G32 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2016-01-22

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