Determinants of risk tolerance on financial asset ownership: a case of Malaysia

The present study intends to shed new light on the issue of determinants of risk tolerance among Malaysians using data obtained from a survey. The main analysis is based on ordinary least square (OLS) method of regression using level of financial risk tolerance as the dependent variable and socio–ec...

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Main Authors:	Duasa, Jarita, Abdullah Yusof, Selamah
Format:	Article
Language:	English
Published:	Universiti Malaysia Sarawak 2013
Subjects:	HB801 Consumption. Demand HG Finance HQ The family. Marriage. Woman
Online Access:	http://irep.iium.edu.my/31547/ http://irep.iium.edu.my/31547/ http://irep.iium.edu.my/31547/2/DETERMINANTS_OF_RISK_TOLERANCE-pg1-16.pdf

id	iium-31547
recordtype	eprints
spelling	iium-315472013-08-29T05:56:23Z http://irep.iium.edu.my/31547/ Determinants of risk tolerance on financial asset ownership: a case of Malaysia Duasa, Jarita Abdullah Yusof, Selamah HB801 Consumption. Demand HG Finance HQ The family. Marriage. Woman The present study intends to shed new light on the issue of determinants of risk tolerance among Malaysians using data obtained from a survey. The main analysis is based on ordinary least square (OLS) method of regression using level of financial risk tolerance as the dependent variable and socio–economic factors as regressors. The preliminary analyses found that majority of the respondents prefer to keep their money in liquid assets, such as in saving account and cash. These assets definitely have the lowest level of risk compared to other forms of assets. A further analysis, using OLS regression reveals several significant determinants of risk tolerance among the sample respondents. Risk tolerance is higher among the young, males, those with higher level of education and those in non-public sector. In addition, the study also finds that Malays are more risk averse than Chinese and those in Kedah are more risk averse than those in Kuala Lumpur. Universiti Malaysia Sarawak 2013 Article PeerReviewed application/pdf en http://irep.iium.edu.my/31547/2/DETERMINANTS_OF_RISK_TOLERANCE-pg1-16.pdf Duasa, Jarita and Abdullah Yusof, Selamah (2013) Determinants of risk tolerance on financial asset ownership: a case of Malaysia. International Journal of Business and Society, 14 (1). pp. 1-16. ISSN 1511-6670 http://www.ijbs.unimas.my/index.php/content-abstract/current-issue/item/198-determinants-of-risk-tolerance-on-financial-asset-ownership-a-case-of-malaysia
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HB801 Consumption. Demand HG Finance HQ The family. Marriage. Woman
spellingShingle	HB801 Consumption. Demand HG Finance HQ The family. Marriage. Woman Duasa, Jarita Abdullah Yusof, Selamah Determinants of risk tolerance on financial asset ownership: a case of Malaysia
description	The present study intends to shed new light on the issue of determinants of risk tolerance among Malaysians using data obtained from a survey. The main analysis is based on ordinary least square (OLS) method of regression using level of financial risk tolerance as the dependent variable and socio–economic factors as regressors. The preliminary analyses found that majority of the respondents prefer to keep their money in liquid assets, such as in saving account and cash. These assets definitely have the lowest level of risk compared to other forms of assets. A further analysis, using OLS regression reveals several significant determinants of risk tolerance among the sample respondents. Risk tolerance is higher among the young, males, those with higher level of education and those in non-public sector. In addition, the study also finds that Malays are more risk averse than Chinese and those in Kedah are more risk averse than those in Kuala Lumpur.
format	Article
author	Duasa, Jarita Abdullah Yusof, Selamah
author_facet	Duasa, Jarita Abdullah Yusof, Selamah
author_sort	Duasa, Jarita
title	Determinants of risk tolerance on financial asset ownership: a case of Malaysia
title_short	Determinants of risk tolerance on financial asset ownership: a case of Malaysia
title_full	Determinants of risk tolerance on financial asset ownership: a case of Malaysia
title_fullStr	Determinants of risk tolerance on financial asset ownership: a case of Malaysia
title_full_unstemmed	Determinants of risk tolerance on financial asset ownership: a case of Malaysia
title_sort	determinants of risk tolerance on financial asset ownership: a case of malaysia
publisher	Universiti Malaysia Sarawak
publishDate	2013
url	http://irep.iium.edu.my/31547/ http://irep.iium.edu.my/31547/ http://irep.iium.edu.my/31547/2/DETERMINANTS_OF_RISK_TOLERANCE-pg1-16.pdf
first_indexed	2023-09-18T20:45:44Z
last_indexed	2023-09-18T20:45:44Z
_version_	1777409662420779008

Determinants of risk tolerance on financial asset ownership: a case of Malaysia

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