Araştırma Makalesi
BibTex RIS Kaynak Göster
Yıl 2023, Cilt: 16 Sayı: 1, 239 - 240, 01.02.2023

Öz

Kaynakça

  • Alrabadi, D. W. H., Al-Abdallah, S. Y., & Aljarayesh, N. I. A. (2018). Behavioral biases and investment performance: Does gender matter? Evidence from Amman Stock Exchange. Jordan Journal of Economic Sciences, 5(1), 77-92.
  • Aren, S., & Zengin, A. N. (2016). Influence of financial literacy and risk perception on choice of investment. Procedia-Social and Behavioral Sciences, 235, 656-663.
  • Arti, G., Sunita, S., & Julee, A. (2011). Difference in gender attitude in investment decision making in India. Research Journal of Finance and Accounting, 2(12), 1-7.
  • Bogan, V. L., Just, D. R., & Dev, C. S. (2013). Team gender diversity and investment decision-making behavior. Review of Behavioral Finance, 7(2), 87-99.
  • Deo, M., & Sundar, V. (2015). Gender difference: Investment behavior and risk taking. SCMS Journal of Indian Management, 12(3), 74-81.
  • Dickason, Z., Ferreira, S., & Nel, I. (2017). Gender: Behavioural finance and satisfaction of life. Gender and Behaviour, 15(3), 9550-9559.
  • Dolan, R. C., & Stevens, J. L. (2013). Rationality, irrationality, and predictable irrationality: Does education, curriculum, or gender matter?. Financial Services Review, 22(2), 77-89.
  • Gonzalez-Igual, M., Santamaria, T. C., & Vieites, A. R. (2021). Impact of education, age and gender on investor's sentiment: A survey of practitioners. Heliyon, 7(3), 64-95.
  • Iramani, R., & Lutfi, L. (2021). An integrated model of financial well-being: The role of financial behavior. Accounting, 7(3), 691-700.
  • Kiruba, A. S., & Vasantha, V. (2021). Determinants in Investment Behaviour During The COVID-19 Pandemic. The Indonesian Capital Market Review, 13(2), 1-15.
  • Mittal, M., & Vyas, R. K. (2011). A study of psychological reasons for gender differences in preferences for risk and investment decision making. IUP Journal of Behavioral Finance, 8(3), 45-54.
  • Montier, J. (2007). Behavioural investing: a practitioner's guide to applying behavioural finance. John Wiley & Sons.
  • Rahman, A., & Risman, A. (2021). Is behavior finance affected by income, learning finance and lifestyle?. Journal on Global Socio-Economic Dynamics, 4(29), 29-40.
  • Roszkowski, M. J., & Grable, J. (2005). Gender stereotypes in advisors' clinical judgments of financial risk tolerance: Objects in the mirror are closer than they appear. The Journal of Behavioral Finance, 6(4), 181-191.
  • Sabri, M. F., Aw, E. C. X., Abdul Rahim, H., Burhan, N. A. S., Othman, M. A., & Simanjuntak, M. E. G. A. W. A. T. I. (2021). Financial literacy, behavior and vulnerability among Malaysia households: Does gender matter. International Journal of Economics & Management, 15(2), 241-256.
  • Sharma, S. (2022). An analysis on risk propensity and investment pattern of male and female investors in financial investment. Journal of Positive School Psychology, 6(3), 5993-6000.
  • Škreblin Kirbiš, I., Vehovec, M., & Galić, Z. (2017). Relationship between financial satisfaction and financial literacy: Exploring gender differences. Društvena istraživanja: časopis za opća društvena pitanja, 26(2), 165-185.
  • Wang, A. (2009). Interplay of investors' financial knowledge and risk taking. The Journal of Behavioral Finance, 10(4), 204-213.

GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR

Yıl 2023, Cilt: 16 Sayı: 1, 239 - 240, 01.02.2023

Öz

Purpose- Gender differences in investment behavior have been reported by various studies. Behavioral investing seeks to bridge the gap between psychology and investing. Behavioral finance is becoming more predominant in the financial and investment industry. The general concept of behavioral finance suggests that investors do not necessarily make rational investment decisions. Many results of behavioral finance studies show that men and women have different strengths and weaknesses in terms of skills required for investment management. This study focuses on the role of gender in risk perception and investment behavior, with a sample size of 288 respondents. In other words, the aim of the research is to reveal whether there is a difference in investment preferences between men and women. It is investigated whether the gender factor affects investment decision-making behavior. Using an experimental finance approach, the relationship between gender diversity and investment decisions is examined.
Methodology- This study focuses on the role of gender in risk perception and investment behavior, with a sample size of 288 respondents. Gender differences in investment behavior have been reported by various studies. Behavioral investing seeks to bridge the gap between psychology and investing. Behavioral finance is becoming more predominant in the financial and investment industry. The general concept of behavioral finance suggests that investors do not necessarily make rational investment decisions. In accordance with the aim of the research, to reveal whether there is a difference in investment choices between men and women, the investment differences between the genders are shown using the graphic method in this study. Then, the normality test and Mann-Whitney U test were applied by using 288 respondents, respectively.
Findings- According to the graphic method results it is found that women generally prefer to invest between 10% and 25% of their monthly income in financial markets. T cryptocurrency market is riskier than the stock market for both women and men. Women experience more stress than men at the thought of losing money because of their investment choices. The Cronbach Alpha coefficient for estimating the reliability of the scale employed for respondents’ investment preference was found to be 0.701. The results of data processing obtained by the value of the Kolmogorov-Simirnov significant which means the data were not normally distributed residuals. According to Mann-Whitney U test results, it is underlined that the gender factor differs according to the following variables based on 95% significance level:
Conclusion- Survey with different aspects of questions focus on investors’ risk perception. “How often do you check your investments?”; “What is your approximate holding time of an investment instrument?”; “What percentage of your monthly income would you prefer to invest in financial markets?”; “The thought of losing money because of my investment choices is stressed me out”; “Have you ever invested in Cryptocurrencies?”; “What is the most suitable option for your knowledge of the cryptocurrency market?”. It is concluded that there is a significant difference between gender and investment preference.

Kaynakça

  • Alrabadi, D. W. H., Al-Abdallah, S. Y., & Aljarayesh, N. I. A. (2018). Behavioral biases and investment performance: Does gender matter? Evidence from Amman Stock Exchange. Jordan Journal of Economic Sciences, 5(1), 77-92.
  • Aren, S., & Zengin, A. N. (2016). Influence of financial literacy and risk perception on choice of investment. Procedia-Social and Behavioral Sciences, 235, 656-663.
  • Arti, G., Sunita, S., & Julee, A. (2011). Difference in gender attitude in investment decision making in India. Research Journal of Finance and Accounting, 2(12), 1-7.
  • Bogan, V. L., Just, D. R., & Dev, C. S. (2013). Team gender diversity and investment decision-making behavior. Review of Behavioral Finance, 7(2), 87-99.
  • Deo, M., & Sundar, V. (2015). Gender difference: Investment behavior and risk taking. SCMS Journal of Indian Management, 12(3), 74-81.
  • Dickason, Z., Ferreira, S., & Nel, I. (2017). Gender: Behavioural finance and satisfaction of life. Gender and Behaviour, 15(3), 9550-9559.
  • Dolan, R. C., & Stevens, J. L. (2013). Rationality, irrationality, and predictable irrationality: Does education, curriculum, or gender matter?. Financial Services Review, 22(2), 77-89.
  • Gonzalez-Igual, M., Santamaria, T. C., & Vieites, A. R. (2021). Impact of education, age and gender on investor's sentiment: A survey of practitioners. Heliyon, 7(3), 64-95.
  • Iramani, R., & Lutfi, L. (2021). An integrated model of financial well-being: The role of financial behavior. Accounting, 7(3), 691-700.
  • Kiruba, A. S., & Vasantha, V. (2021). Determinants in Investment Behaviour During The COVID-19 Pandemic. The Indonesian Capital Market Review, 13(2), 1-15.
  • Mittal, M., & Vyas, R. K. (2011). A study of psychological reasons for gender differences in preferences for risk and investment decision making. IUP Journal of Behavioral Finance, 8(3), 45-54.
  • Montier, J. (2007). Behavioural investing: a practitioner's guide to applying behavioural finance. John Wiley & Sons.
  • Rahman, A., & Risman, A. (2021). Is behavior finance affected by income, learning finance and lifestyle?. Journal on Global Socio-Economic Dynamics, 4(29), 29-40.
  • Roszkowski, M. J., & Grable, J. (2005). Gender stereotypes in advisors' clinical judgments of financial risk tolerance: Objects in the mirror are closer than they appear. The Journal of Behavioral Finance, 6(4), 181-191.
  • Sabri, M. F., Aw, E. C. X., Abdul Rahim, H., Burhan, N. A. S., Othman, M. A., & Simanjuntak, M. E. G. A. W. A. T. I. (2021). Financial literacy, behavior and vulnerability among Malaysia households: Does gender matter. International Journal of Economics & Management, 15(2), 241-256.
  • Sharma, S. (2022). An analysis on risk propensity and investment pattern of male and female investors in financial investment. Journal of Positive School Psychology, 6(3), 5993-6000.
  • Škreblin Kirbiš, I., Vehovec, M., & Galić, Z. (2017). Relationship between financial satisfaction and financial literacy: Exploring gender differences. Društvena istraživanja: časopis za opća društvena pitanja, 26(2), 165-185.
  • Wang, A. (2009). Interplay of investors' financial knowledge and risk taking. The Journal of Behavioral Finance, 10(4), 204-213.
Toplam 18 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Finans, İşletme
Bölüm Makaleler
Yazarlar

Dilek Teker Bu kişi benim 0000-0002-3893-4015

Suat Teker Bu kişi benim 0000-0002-7981-3121

Esin Demırel Bu kişi benim 0000-0003-4257-6780

Yayımlanma Tarihi 1 Şubat 2023
Yayımlandığı Sayı Yıl 2023 Cilt: 16 Sayı: 1

Kaynak Göster

APA Teker, D., Teker, S., & Demırel, E. (2023). GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR. PressAcademia Procedia, 16(1), 239-240.
AMA Teker D, Teker S, Demırel E. GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR. PAP. Şubat 2023;16(1):239-240.
Chicago Teker, Dilek, Suat Teker, ve Esin Demırel. “GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR”. PressAcademia Procedia 16, sy. 1 (Şubat 2023): 239-40.
EndNote Teker D, Teker S, Demırel E (01 Şubat 2023) GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR. PressAcademia Procedia 16 1 239–240.
IEEE D. Teker, S. Teker, ve E. Demırel, “GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR”, PAP, c. 16, sy. 1, ss. 239–240, 2023.
ISNAD Teker, Dilek vd. “GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR”. PressAcademia Procedia 16/1 (Şubat 2023), 239-240.
JAMA Teker D, Teker S, Demırel E. GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR. PAP. 2023;16:239–240.
MLA Teker, Dilek vd. “GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR”. PressAcademia Procedia, c. 16, sy. 1, 2023, ss. 239-40.
Vancouver Teker D, Teker S, Demırel E. GENDER DIFFERENCES IN RISK PERCEPTION AND INVESTMENT BEHAVIOR. PAP. 2023;16(1):239-40.

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