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

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

Year 2016, Volume: 6 Issue: 1, 314 - 322, 01.03.2016

Liana Holanda N. Nobre John E. Grable Wesley Vieira Da Silva Claudimar Pereira Da Veiga

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

Risk tolerance, Cross cultural, Financial risk

Year 2016, Volume: 6 Issue: 1, 314 - 322, 01.03.2016

Liana Holanda N. Nobre John E. Grable Wesley Vieira Da Silva Claudimar Pereira Da Veiga

Abstract

There are 0 citations in total.

Details

Other ID	JA65JV88PA
Journal Section	Research Article
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
Published in Issue	Year 2016 Volume: 6 Issue: 1

Cite

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.
AMA	Nobre LHN, Grable JE, Silva WVD, Veiga CPD. A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences. IJEFI. March 2016;6(1):314-322.
Chicago	Nobre, Liana Holanda N., John E. Grable, Wesley Vieira Da Silva, and Claudimar Pereira Da Veiga. “A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences”. International Journal of Economics and Financial Issues 6, no. 1 (March 2016): 314-22.
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	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, 2016.
ISNAD	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 6/1 (March 2016), 314-322.
JAMA	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, 2016, pp. 314-22.
Vancouver	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):314-22.