Generolo Jono Žemaičio Lietuvos karo akademija logo


  • List of journals
  • About Publisher
Login Register

  1. Home
  2. Journals
  3. jssi
  4. Issues
  5. Volume 9, Issue 3 (2020)
  6. The Combined Effect of Risk Perception a ...

Journal of Security and Sustainability Issues

Information
  • Article info
  • Related articles
  • Cited by
  • More
    Article info Related articles Cited by

The Combined Effect of Risk Perception and Risk Tolerance on the Investment Decision Making
Volume 9, Issue 3 (2020), pp. 807–818
Natnaporn Aeknarajindawat  

Authors

 
Placeholder
https://doi.org/10.9770/jssi.2020.9.3(7)
Pub. online: 30 March 2020      Type: Article      Open accessOpen Access

Published
30 March 2020

Abstract

The increase in the investment complications in the current environment has increase the need of the good quality financial advices services. Based on this, the aim of the study is being to investigate the join effect of risk tolerance (RT) and risk perception (RP) on the individual risky asset allocation decision along with the other essential variable in the context of financial advice which is consist of financial literacy and trust. For this purpose, data was collected from the 210 financial advisors of the banking sectors by using a convenient sampling technique which yield a 70% response rate. For analysis, Structural Equation Modeling (SEM) technique was employed. The SEM analysis has shown that trust has positive and significant association with the RP and FL, and FL also has a positive and significant association with the risk tolerance and while insignificant with the RP. In addition, RP and RT also have a positive and significant association with the asset allocation in the banking sector of Indonesia. Based on the findings, current study added a body of literature in the empirical findings which could become a new of area of research in future. The research limitations and future directions are also discussed at the end of the study.

Related articles Cited by PDF XML
Related articles Cited by PDF XML

Copyright
No copyright data available.

Keywords
asset allocation trust risk tolerance financial literacy risk perception banking sector Indonesia

JEL
G1

Metrics
since October 2020
671

Article info
views

0

Full article
views

287

PDF
downloads

233

XML
downloads

Export citation

Copy and paste formatted citation
Placeholder

Download citation in file


Share


RSS

Generolo Jono Žemaičio Lietuvos karo akademija Šilo g. 5A., LT-10322 Vilnius, el.p: lka@mil.lt

General Jonas Žemaitis Military Academy of Lithuania  Šilo Str. 5A, LT-10322 Vilnius, Lithuania, e-mail: lka@mil.lt

Powered by PubliMill  •  Privacy policy