Title
What Role Does Financial Risk Tolerance Play in Mediating Investing Behavior?
Document Type
Article
Publication Date
9-2016
Abstract
The present study offers an alternative explanation for the so-called gender and marital (cohabitation) status asset gap. The working hypothesis was that risk tolerance might have a mediation effect on investment behavior. Results show that financial risk tolerance significantly mediated the effects of gender on investment behavior. Similarly, risk tolerance played a small yet significant mediating role between cohabitation status and investment behavior. It is possible that what appears to be a gender or cohabitation status asset gap may be more closely related to differences in financial risk tolerance, regardless of gender or cohabitation status.
Publication Title
Journal of Financial Service Professionals
Volume
70
Issue
5
First Page
42
Last Page
52
Publisher
Society of Financial Service Professionals
Recommended Citation
Heo, Wookjae; Nobre, Liana Holanda N.; Grable, John E.; and Ruiz-Menjivar, Jorge, "What Role Does Financial Risk Tolerance Play in Mediating Investing Behavior?" (2016). Consumer Sciences Faculty Publications. 4.
https://openprairie.sdstate.edu/consumer-sci_pubs/4