Journal of the Korean Home Economics Association (대한가정학회지)

The Korean Home Economics Association (대한가정학회)
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Study on the Gender Differences of Financial Risk Tolerance

남성과 여성의 투자위험 감수성향 차이에 관한 연구

  • Lee, June-Young (Department of Consumer Science, Seoul National University) ;
  • Jung, Ji-Young (Department of Consumer & Housing Studies, Sang Myung University)
  • 이준영 (서울대학교 소비자학과) ;
  • 정지영 (상명대학교 소비자주거학과)
  • Received : 2011.01.12
  • Accepted : 2011.10.14
  • Published : 2011.12.30
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Abstract

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

References

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