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J. Korean Home Econ. Assoc > Volume 49(10); 2011 > Article
Journal of the Korean Home Economics Association 2011;49(10):1-13. doi: https://doi.org/10.6115/khea.2011.49.10.001
Study on the Gender Differences of Financial Risk Tolerance
June Young Lee1, Ji-Young Jung2
1Department of Consumer Science, Seoul National University
2Department of Consumer & Housing Studies, Sang Myung University
Corresponding Author: June Young Lee ,Tel: +82-2-880-8791, Email: june05@snu.ac.kr
Received: January 12, 2011; Revised: February 11, 2011   Accepted: October 14, 2011.
This paper examined how men and women differ in the attitude and behaviour of financial risk tolerance. The results showed that women were less risk seeking than men in financial risk tolerance. The results of the investment simulation indicated that men invested in higher risk assets like stock. In contrast, women prefered to invest in lower risk assets like real estate. The results of multiple regression analysis showed that if investors have the propensity to take more risk they allocated their money to higher risk assets in the simulation. This analysis also showed that the surveyed respondents invested in risky assets if they had experience in high risk investment in the past.
Keywords: financial risk tolerance, higher risk assets, lower risk assets, investment simulation
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