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

Volume: 6 Number: 1 March 1, 2016
  • Liana Holanda N. Nobre
  • John E. Grable
  • Wesley Vieira Da Silva
  • Claudimar Pereira Da Veiga
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences

Abstract

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.

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

-

Authors

Liana Holanda N. Nobre This is me

John E. Grable This is me

Wesley Vieira Da Silva This is me

Claudimar Pereira Da Veiga This is me

Publication Date

March 1, 2016

Submission Date

March 1, 2016

Acceptance Date

-

Published in Issue

Year 2016 Volume: 6 Number: 1

IZ

https://izlik.org/JA23NK63BP

Cite

RIS / Bibtex
APA
Nobre, L. H. N., Grable, J. E., Silva, W. V. D., & Veiga, C. P. D. (2016). A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences. International Journal of Economics and Financial Issues, 6(1), 314-322. https://izlik.org/JA23NK63BP
AMA
1.Nobre LHN, Grable JE, Silva WVD, Veiga CPD. A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences. IJEFI. 2016;6(1):314-322. https://izlik.org/JA23NK63BP
Chicago
Nobre, Liana Holanda N., John E. Grable, Wesley Vieira Da Silva, and Claudimar Pereira Da Veiga. 2016. “A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences”. International Journal of Economics and Financial Issues 6 (1): 314-22. https://izlik.org/JA23NK63BP.
EndNote
Nobre LHN, Grable JE, Silva WVD, Veiga CPD (March 1, 2016) A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences. International Journal of Economics and Financial Issues 6 1 314–322.
IEEE
[1]L. H. N. Nobre, J. E. Grable, W. V. D. Silva, and C. P. D. Veiga, “A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences”, IJEFI, vol. 6, no. 1, pp. 314–322, Mar. 2016, [Online]. Available: https://izlik.org/JA23NK63BP
ISNAD
Nobre, Liana Holanda N. - Grable, John E. - Silva, Wesley Vieira Da - Veiga, Claudimar Pereira Da. “A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences”. International Journal of Economics and Financial Issues 6/1 (March 1, 2016): 314-322. https://izlik.org/JA23NK63BP.
JAMA
1.Nobre LHN, Grable JE, Silva WVD, Veiga CPD. A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences. IJEFI. 2016;6:314–322.
MLA
Nobre, Liana Holanda N., et al. “A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences”. International Journal of Economics and Financial Issues, vol. 6, no. 1, Mar. 2016, pp. 314-22, https://izlik.org/JA23NK63BP.
Vancouver
1.Liana Holanda N. Nobre, John E. Grable, Wesley Vieira Da Silva, Claudimar Pereira Da Veiga. A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences. IJEFI [Internet]. 2016 Mar. 1;6(1):314-22. Available from: https://izlik.org/JA23NK63BP