Journal Article

·2016 OPEN ACCESS

Influence of Financial Literacy and Risk Perception on Choice of Investment

Selim Aren YTU , Asiye Nur Zengin

Procedia - Social and Behavioral Sciences

Abstract

During recent years, variables affecting the investment preferences of individual investors are an issue attracting the attention of financial researchers. In this research, we investigate variables which are affecting investment preferences of individual investors. Personality trait is not an important variable, but on the other hand our evidence shows that level of financial literacy and risk perception are important. Besides, risk perception is also affected by financial literacy and gender, but marital status is not effective at the same level.

Keywords

Financial literacy Personality Investment (military) Perception Risk perception Trait Big Five personality traits Financial risk Variable (mathematics) Literacy Marital status Psychology Economics Business Finance Social psychology Political science Sociology Demography Economic growth

Subject Areas

Financial Literacy, Pension, Retirement Analysis ·Accounting ·Social Sciences
Housing Market and Economics ·Economics and Econometrics ·Social Sciences
Insurance and Financial Risk Management ·Economics and Econometrics ·Social Sciences

Citations by Year

OpenAlex SDG Match

SDGs auto-classified by OpenAlex (score ≥ 0.4 shown).

Quality Education 90%