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Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia

This paper examines the relationship between demographic factors such as gender, age, marital status, education level and income with the level of risk tolerance. We use a survey questionnaire from 147 respondents of working adults in Kuala Lumpur. The results show that the respondents prefer to kee...

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Main Authors: Bakri, Abdul Karim, Wenceslas, Cassandra Nisha, Muhammad Hafiz, Mohd Shukri
Format: E-Article
Language:English
Published: UNIMAS Publisher 2016
Subjects:
HG Finance
Online Access:http://ir.unimas.my/id/eprint/19555/1/Full%20Article%20%28abstrak%29.pdf
http://ir.unimas.my/id/eprint/19555/
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spelling my.unimas.ir.195552018-01-25T08:44:28Z http://ir.unimas.my/id/eprint/19555/ Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia Bakri, Abdul Karim Wenceslas, Cassandra Nisha Muhammad Hafiz, Mohd Shukri HG Finance This paper examines the relationship between demographic factors such as gender, age, marital status, education level and income with the level of risk tolerance. We use a survey questionnaire from 147 respondents of working adults in Kuala Lumpur. The results show that the respondents prefer to keep/ invest in liquid assets such as savings account, cash in hand and Employment Pension Funds (EPF). This indicates that a majority of them are risk averse with a small percentage of respondents who invest in risky assets like gold, mutual funds/unit trust, real estate. Male respondents owned more risky assets, signifying that they are more risk tolerant than the female respondents. The study also shows that individuals with higher education levels, specifically tertiary education have greater risk tolerance. Results from the regression analysis show that only age and marital status are to be statistically significant to risk tolerance of working adults. This indicates that older respondents tend to be more risk adverse compared to the younger ones while the married respondents seem to be risk takers than the single ones. UNIMAS Publisher 2016-12-04 E-Article PeerReviewed text en http://ir.unimas.my/id/eprint/19555/1/Full%20Article%20%28abstrak%29.pdf Bakri, Abdul Karim and Wenceslas, Cassandra Nisha and Muhammad Hafiz, Mohd Shukri (2016) Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia. UNIMAS Review of Accounting and Finance, 1 (1). pp. 99-109. ISSN 2590-3543 http://publisher.unimas.my/ojs/index.php/URAF/about
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic HG Finance
spellingShingle HG Finance
Bakri, Abdul Karim
Wenceslas, Cassandra Nisha
Muhammad Hafiz, Mohd Shukri
Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia
description This paper examines the relationship between demographic factors such as gender, age, marital status, education level and income with the level of risk tolerance. We use a survey questionnaire from 147 respondents of working adults in Kuala Lumpur. The results show that the respondents prefer to keep/ invest in liquid assets such as savings account, cash in hand and Employment Pension Funds (EPF). This indicates that a majority of them are risk averse with a small percentage of respondents who invest in risky assets like gold, mutual funds/unit trust, real estate. Male respondents owned more risky assets, signifying that they are more risk tolerant than the female respondents. The study also shows that individuals with higher education levels, specifically tertiary education have greater risk tolerance. Results from the regression analysis show that only age and marital status are to be statistically significant to risk tolerance of working adults. This indicates that older respondents tend to be more risk adverse compared to the younger ones while the married respondents seem to be risk takers than the single ones.
format E-Article
author Bakri, Abdul Karim
Wenceslas, Cassandra Nisha
Muhammad Hafiz, Mohd Shukri
author_facet Bakri, Abdul Karim
Wenceslas, Cassandra Nisha
Muhammad Hafiz, Mohd Shukri
author_sort Bakri, Abdul Karim
title Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia
title_short Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia
title_full Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia
title_fullStr Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia
title_full_unstemmed Risk Tolerance Level among Working Adults in Kuala Lumpur, Malaysia
title_sort risk tolerance level among working adults in kuala lumpur, malaysia
publisher UNIMAS Publisher
publishDate 2016
url http://ir.unimas.my/id/eprint/19555/1/Full%20Article%20%28abstrak%29.pdf
http://ir.unimas.my/id/eprint/19555/
http://publisher.unimas.my/ojs/index.php/URAF/about
_version_ 1644513070362394624
score 13.211869

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