Indonesian Management and Accounting Research
Vol. 18 No. 1 (2019): Indonesian Management and Accounting Research

Factors Affecting Financial Risk Tolerance on Young Investors in Indonesia

Farah Margaretha Leon (Universitas Trisakti)
Angie Angie (Unknown)



Article Info

Publish Date
21 Apr 2020

Abstract

This study aims to analyze the influence of self-esteem, personality, and sensation seeking on financial risk tolerance. Data obtained directly through the distribution of questionnaires to 323 respondents i.e., young investors (aged 16 to 30 years) in Indonesia. The research design used in this research is hypothesis testing. The analytical method used in this research is structural equation model (SEM) using AMOS program.The results of this study are. First, self-esteem has a positive effect on financial risk tolerance. Second, personality has a positive effect on financial risk tolerance. Third, sensation-seeking positively affects financial risk tolerance. Young investors can use this study in making an investment or financial decisions in accordance with the level of its financial risk tolerance. For financial consultants, this research can be used in identifying the determinants of financial risk tolerance level in order to suggest the right investment alternatives for clients.

Copyrights © 2019






Journal Info

Abbrev

imar

Publisher

Subject

Economics, Econometrics & Finance

Description

INDONESIA MANAGEMENT AND ACCOUNTING RESEARCH (IMAR) is a peer-reviewed journal published two times a year (January-June, July-December) by the Publisher Institute of the Faculty of Economics and Business, Universitas Trisakti (LPFEB Trisakti). IMAR is intended to be the journal for publishing ...