THE RELATIONSHIP BETWEEN FINANCIAL RISK TOLERANCE AND DEMOGRAPHIC VARIABLES: MODERATING EFFECT OF FINANCIAL LITERACY

Yıl 2021, Sayı: 115, 9 - 26, 13.04.2021

Ahmet Oğuz Akgüneş

https://doi.org/10.33203/mfy.840442

Cited By: 2

Öz

The aim of this study is to investigate the moderator effect of financial literacy on the relationship between demographic variables and financial risk tolerance. For this purpose, data were collected from 370 participants using the questionnaire method. After the data obtained for the study were tested with reliability and validity tests, the relationships between variables were analyzed using the hierarchical regression model. According to the findings obtained from the analysis, financial literacy has a moderator effect on the relationship between age and financial risk tolerance. This result implies that as financially literate individuals get older, their financial risk tolerance will be lower than those who are not financially literate.

Anahtar Kelimeler

Financial Risk Tolerance, Financial Literacy, Demographic Variables, Hierarchical Regression

Finansal Risk Toleransı ve Demografik Değişkenler Arasındaki İlişki: Finansal Okuryazarlığın Moderatör Etkisi

Öz

Bu çalışmanın amacı demografik değişkenler ve finansal risk toleransı arasındaki ilişkiye finansal okuryazarlığın moderatör etkisini araştırmaktır. Bu amaçla kolayda örnekleme yolu ile anket yöntemi kullanarak 370 katılımcıdan veri toplanmıştır. Araştırma için elde edilen veriler öncelikle güvenilirlik ve geçerlik testleri ile sınanmasından sonra hiyerarşik regresyon modeli kullanılarak değişkenler arası ilişkiler analiz edilmiştir. Analiz sonucunda elde edilen bulgulara göre yaş ve finansal risk toleransı arasındaki ilişkiye finansal okuryazarlığın moderatör etkisi bulunmaktadır. Bu sonuç finansal okuryazar olan bireylerin yaşları ilerledikçe finansal risk toleranslarının finansal okuryazar olmayanlara nazaran daha düşük olacağını ifade etmektedir.

Anahtar Kelimeler

Finansal Risk Toleransı, Finansal Okuryazarlık, Demografik Değişkenler, Çoklu Doğrusal Regresyon

Kaynakça

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