A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences

International Journal of Economics and Financial Issues

关键词: risk tolerance;    cross cultural;    financial risk;   

DOI  :  

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown