Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores.
The risk tolerance of small investors is a key element in the allocation of their savings. Thus, it has been verified that the banking activity focuses more and more in understanding the profile of the small investors, aiming to promote their financial products. In this context, the main purpose of...
| Main Authors: | , |
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| Format: | Article |
| Language: | Portuguese |
| Published: |
Emerald Publishing
2014-03-01
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| Series: | REGE Revista de Gestão |
| Subjects: | |
| Online Access: | http://www.revistas.usp.br/rege/article/view/99921 |
| _version_ | 1818126868656685056 |
|---|---|
| author | Mário António Gomes Augusto Sara Filipa Rodrigues Freire |
| author_facet | Mário António Gomes Augusto Sara Filipa Rodrigues Freire |
| author_sort | Mário António Gomes Augusto |
| collection | DOAJ |
| description | The risk tolerance of small investors is a key element in the allocation of their savings. Thus, it has been verified that the banking activity focuses more and more in understanding the profile of the small investors, aiming to promote their financial products. In this context, the main purpose of this article is to identify the small investors’ attributes that influence the allocation of their savings in investments with higher risk. Based on a sample of 141 Portuguese holders of investment funds, in factor analysis and in a multiple regression model, it was concluded that financial literacy, age, and level of household income showed to have a positive influence on the selection of financial products of higher risk. According to the results, the males do not show a higher propensity to apply their savings into higher-risk investments, as it has been shown in literature. Retired individuals showed to have higher propensity to apply their savings in financial products with higher risk. Single individuals and individuals with higher academic education are more likely to invest in equity funds when compared to married individuals and with lower academic level. |
| first_indexed | 2024-12-11T07:08:18Z |
| format | Article |
| id | doaj.art-cdf493290af945ac8f802f2274edc2b6 |
| institution | Directory Open Access Journal |
| issn | 1809-2276 2177-8736 |
| language | Portuguese |
| last_indexed | 2024-12-11T07:08:18Z |
| publishDate | 2014-03-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | REGE Revista de Gestão |
| spelling | doaj.art-cdf493290af945ac8f802f2274edc2b62022-12-22T01:16:26ZporEmerald PublishingREGE Revista de Gestão1809-22762177-87362014-03-0121110312089474Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores.Mário António Gomes Augusto0Sara Filipa Rodrigues FreireFaculdade de Economia da Universidade de Coimbra – Coimbra, PortugalThe risk tolerance of small investors is a key element in the allocation of their savings. Thus, it has been verified that the banking activity focuses more and more in understanding the profile of the small investors, aiming to promote their financial products. In this context, the main purpose of this article is to identify the small investors’ attributes that influence the allocation of their savings in investments with higher risk. Based on a sample of 141 Portuguese holders of investment funds, in factor analysis and in a multiple regression model, it was concluded that financial literacy, age, and level of household income showed to have a positive influence on the selection of financial products of higher risk. According to the results, the males do not show a higher propensity to apply their savings into higher-risk investments, as it has been shown in literature. Retired individuals showed to have higher propensity to apply their savings in financial products with higher risk. Single individuals and individuals with higher academic education are more likely to invest in equity funds when compared to married individuals and with lower academic level.http://www.revistas.usp.br/rege/article/view/99921Tolerância ao Risco, Fundos de Ações, Atributos do Investidor, Pequenos Investidores. |
| spellingShingle | Mário António Gomes Augusto Sara Filipa Rodrigues Freire Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores. REGE Revista de Gestão Tolerância ao Risco, Fundos de Ações, Atributos do Investidor, Pequenos Investidores. |
| title | Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores. |
| title_full | Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores. |
| title_fullStr | Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores. |
| title_full_unstemmed | Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores. |
| title_short | Atributos del Inversor y Tolerancia Frente al Riesgo: La Perspectiva de los Pequeños Inversores. |
| title_sort | atributos del inversor y tolerancia frente al riesgo la perspectiva de los pequenos inversores |
| topic | Tolerância ao Risco, Fundos de Ações, Atributos do Investidor, Pequenos Investidores. |
| url | http://www.revistas.usp.br/rege/article/view/99921 |
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