Financial decision-making power and risk taking

被引：13
|
作者：
Phung, Trang M. T. [1 ]
Tran, Quoc N. [1 ]
Nguyen, Nhut H. [3 ]
Nguyen, Tho H. [2 ]
机构：
[1] Hoa Sen Univ, Fac Econ & Business, 08 Nguyen Trang St,Dist 1, Ho Chi Minh City, Vietnam
[2] Univ Econ Ho Chi Minh City, Sch Management, 59C Nguyen Dinh Chieu St,Ward 6,Dist 4, Ho Chi Minh City, Vietnam
[3] Auckland Univ Technol, Dept Finance, 42 Wakefield St, Auckland 1010, New Zealand
来源：
ECONOMICS LETTERS | 2021年 / 206卷
关键词：
Household; Risk taking; Decision making; Investment behavior; FAMILY; DETERMINANTS; GENDER; OVERCONFIDENCE; INVESTMENT; HOUSEHOLD;
D O I：
10.1016/j.econlet.2021.109999
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We find that financial decision-making power per se is significant in explaining individuals' objective risk-taking behavior and subjective risk attitude. More importantly, we show that this decision power attenuates the correlation between subjective risk attitude and objective risk taking. These results are significant in understanding the important role of decision-making power in individual risk-taking behavior. (C) 2021 Elsevier B.V. All rights reserved.
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页数：5
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