A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences
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 American...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2016-03-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32008/353693?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| Summary: | 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. |
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| ISSN: | 2146-4138 |