IDEAS home Printed from https://ideas.repec.org/h/pal/pmschp/978-3-319-57592-6_14.html
   My bibliography  Save this book chapter

Attitude Toward Risk and Financial Literacy in Investment Planning

In: Risk Culture in Banking

Author

Listed:
  • Gianni Nicolini

    (University of Rome “Tor Vergata”)

  • Tommy Gärling

    (University of Gothenburg)

  • Anders Carlander

    (University of Gothenburg)

  • Jeanette Carlsson Hauff

    (University of Gothenburg)

Abstract

Financial literacy is shown to influence investment decisions in different ways. One possible influence is that a lack of understanding of financial risk causes a negative risk attitude with the consequence for optimal investment behaviour that the positive relation between risk and return is not properly taken into account. The authors analyse data (n = 1150) collected in 2015 from three European countries (Italy, Sweden, and Spain) to test whether people with a low financial literacy have a negative risk attitude. The results confirm that survey respondents low in financial literacy on average rate their risk attitude more negative than more financial literate respondents do.

Suggested Citation

  • Gianni Nicolini & Tommy Gärling & Anders Carlander & Jeanette Carlsson Hauff, 2017. "Attitude Toward Risk and Financial Literacy in Investment Planning," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Risk Culture in Banking, chapter 0, pages 307-320, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-57592-6_14
    DOI: 10.1007/978-3-319-57592-6_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pmschp:978-3-319-57592-6_14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.