Implication of stigmatization on investors financial risk tolerance: The case of gay men

Francisca M. Beer and Joseph D. Wellman

Journal of Behavioral and Experimental Finance, 2021, vol. 31, issue C

Abstract: This study evaluates whether the salience of discrimination and perceived stigmatization influence gay men’s financial risk tolerance (FRT). This evaluation is conducted using the FRT measure of Grable and Lytton (1999), a “two-study ruse” approach and a hierarchical linear regression model. The findings show that individuals with anticipated stigmatization, after being exposed to information about bias against their community, exhibited greater FRT. These results support the hypothesis that risk-taking behavior by members of stigmatized populations increases when they experience discrimination.

Keywords: Attitude toward risk; Discrimination; Financial planning; Financial risk tolerance; Gay men, Stigma (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2214635021000575

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:31:y:2021:i:c:s2214635021000575

DOI: 10.1016/j.jbef.2021.100513

Access Statistics for this article

Journal of Behavioral and Experimental Finance is currently edited by Michael Dowling and Jürgen Huber

More articles in Journal of Behavioral and Experimental Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().