Generolo Jono Žemaičio Lietuvos karo akademija

The Financial Services Authority of Indonesia (OJK) survey in 2016 has shown the financial literacy index in Indonesia was only about 21.8%. A lot of illegal investment in Indonesian society in recent years proves that the Indonesian people have not fully understood the benefits and risks of financial decision making. The research describes demographic factor and risk tolerance in the context of Indonesia’s society. The questionnaires distributed online and were obtained 850 respondents. To analyze the role of demographic factors on the willingness to take risks, we use Subjective Risk Tolerance, which is describing the respondent’s perception of risk. The result indicates that gender and age statistically insignificant in describing risk tolerance. Meanwhile, marital status, income, and education significantly important in determining risk tolerance. Gender equality in the working environment means women and men have an equal chance to get job and position in a company. This chance also means that women have a great chance to get more income and wealth than before. Marital status related to responsibility, the greater the responsibility assumes the smaller the level of risk tolerance. The better the knowledge, the better the understanding of the financial decision. Information processed and used to make a better decision. The result shows that in order to conduct an education program and increasing society’s knowledge, Government of the Republic of Indonesia, especially to The Indonesia Stock Exchange and Securities Firm should make attention to demographic factor and fit the investment product with investor’s profile.

In the scientific work the influence of the factor of primary public offer of securities on the macroeconomic security of the country is considered. A comparative description of the main financing attraction tools is presented. The advantages and disadvantages of using IPO in countries with developed stock market and developing countries are explored. The analysis of the development of European and Ukrainian markets of IPOs in terms of impact on general macroeconomic security has been carried out. The relationship between macroeconomic stability and economic development of the IPO is established.

Financial globalization created an environment for structured product development in financial markets. With the help of these instruments it is possible to transform an asset into a new investment vehicle, that opens new investment possibilities for risk averse investors, along with those investors who are searching for higher yield. This paper analyses different structured products and their influence on investment management using ratio analysis, Markowitz portfolio optimization model and Monte Carlo simulation. Analysis revealed that structured products have a significant positive effect on investment management on diversification and yield enhancement sides.

The level of citizens’ financial knowledge has a great impact on financial well-being of individuals and society. In this regard public authorities in many countries initiated a process of development and implementation of National strategies to enhance financial literacy level. The initial step of developing a national strategy is evaluation of current situation. Thus, financial literacy measuring issues are frequently debated in the academic and public environment. The goal of the current research is to develop a measurement instrument to evaluate the level of financial knowledge of Latvian citizens. The present paper reflects the results of the authors’ conducted survey based on the sample of 169 respondents. A set of 12 questions on financial matters was developed to detect perceived importance and complexity of financial literacy components, as well as to get financial literacy self-assessment scores. Data was processed by means of SPSS, applying such methods, as analysis of means, analysis of frequencies and independent samples t-test. Received results assist to precise the content and wording of questions to be included into the questionnaire for evaluation financial literacy level of Latvian citizens.