Determinants of financial risk tolerance among small business owners in Ghana and its influence on financial behaviour
DOI:
https://doi.org/10.48047/sv28vx66Keywords:
Financial risk tolerance, financial behaviour, family financial socialization, small business ownersAbstract
Purpose: This study tries to examine the factors that determine financial risk tolerance and their consequent impact on the financial decisions of small business owners in Ghana. More precisely, this study intends to find how deliberative thinking, optimism, financial threat, and family financial socialization influence the concepts of risk tolerance and hence financial decisions.
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References
Adamus, M., & Grežo, M. (2021). Individual differences in behavioural responses to the financial threat posed by the COVID-19 pandemic. Personality and Individual Differences, 179, 110916. https://doi.org/10.1016/j.paid.2021.110916 Angelini, V., & Cavapozzi, D. (2017). Dispositional optimism and stock investments.
Journal of economic psychology, 59, 113-128. https://doi.org/10.1016/j.joep.2017.01.006
Bapat, D. (2020). Antecedents to responsible financial management behaviour among young adults: moderating role of financial risk tolerance. International Journal of Bank Marketing, 38(5), 1177-1194. https://doi.org/10.1108/IJBM-10-2019-0356.
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