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  • 标题:A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences
  • 本地全文:下载
  • 作者:Liana Holanda N. Nobre ; John E. Grable ; Wesley Vieira Da Silva
  • 期刊名称:International Journal of Economics and Financial Issues
  • 电子版ISSN:2146-4138
  • 出版年度:2016
  • 卷号:6
  • 期号:1
  • 页码:314-322
  • 语种:English
  • 出版社:EconJournals
  • 摘要:The purpose of this study was to examine the extent to which risk-tolerance attitudes differ between a sample of Brazilians and Americans (N = 620). Based on the use of a variety of statistical methodologies, including regression, factor, and discriminant analysis. The results indicate that Americans were more apt to engage in a speculative gamble and they were less likely to hold bonds as a safe asset. Overall, both Brazilian and American female respondents exhibited lower risk-tolerance scores; however, no age or marital status differences were noted. The results from this analysis show that cultural differences exist between Brazilians and Americans in terms of financial risk-tolerance attitudes. Keywords : Risk tolerance; Cross cultural; Financial risk. JEL Classifications: G1, M1
  • 其他摘要:The purpose of this study was to examine the extent to which risk-tolerance attitudes differ between a sample of Brazilians and Americans (N = 620). Based on the use of a variety of statistical methodologies, including regression, factor, and discriminant analysis. The results indicate that Americans were more apt to engage in a speculative gamble and they were less likely to hold bonds as a safe asset. Overall, both Brazilian and American female respondents exhibited lower risk-tolerance scores; however, no age or marital status differences were noted. The results from this analysis show that cultural differences exist between Brazilians and Americans in terms of financial risk-tolerance attitudes. Keywords : Risk tolerance; Cross cultural; Financial risk. JEL Classifications: G1, M1
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