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.
The wider awareness and recognition of human security threats has developed over the last several decades. Spurred on by globalization, greater human mobility, global media, economic interconnectedness and technological advancements, the securitization of non-military security threats have deepened and widened security discourses. The percieved risk posed by truly global threats have resulted in new international regimes and cooperation, national governments have reevaluated their national security strategies, and grassroots movements have revealed and mobileized individuals around the world to action. Global health security threats, and in particular, pandemic diseases, are one just one of many threats currently facing the global community that has the potential to envoke fear and feelings of insecurity and panic, particularly when securitized through twenty four hour news networks and social media. The purpose of this study is to explore the securitization process of a health security threat, the 2014 Ebola outbreak, and risk perceptions of individuals living in a global city geographically distant from the outbreak. This study reports the findings from interviews with eleven individuals based in the United Arab Emirates to explore their individual risk perceptions of the outbreak of the Ebola virus, and to understand how information about the outbreak was obtained, processed and consequently construed by these individuals. The findings suggested that with the increasing securitization of diseases, individual risk perceptions of the 2014 Ebola outbreak were a reflection of a variety of discourses concerning the security issue at the national and global levels. Therefore, in light of the increasing emergence and re-emergence of pandemic diseases and transborder global threats, it is important to consider individual perceptions of the threats and the influence of government, media (traditional and social media), and individual experiences in a global and interconnected world.
Tackling climate change requires collective, cross-borders actions and local solutions for mitigation measures. Variety of actors are involved in climate change adaptation and mitigation, ranging from local communities to the global supranational institutions. People tend to perceive individual action as failing to cope with climate change (e.g. outlined in Lorenzoni and Pidgeon, 2006) and therefore ascribe high responsibility to the institutional level. This article will analyze how the public in Baltic – Nordic countries perceive the institutional responsibilities in climate change adaptation and mitigation. This article is based on data of Special Eurobarometer (459), conducted in 2017 and the questions analyzed in this article are related to concerns about climate change and the perception of institutional responsibilities in tackling climate change (institutions: national governments, European Union, business and industry, regional and local authorities; and environmental groups). The local, national and global institutions are perceived as having different responsibilities and impacts in tackling climate change. Also, the perceptions of institutional and individual responsibility varies across the countries. Results indicate that climate change is perceived as one of the top three most serious global issues in Baltic – Nordic countries as well as the concern about climate change in those countries is increasing. Regarding public perceptions of institutional responsibility related to climate change risks, most people in EU member states indicate national governments as having highest responsibility. However, there are significant differences comparing the perception of public in Nordic and Baltic States.