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Financial freedom experience of Indian Male and Female Executives

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  • Raval, Vishvesh
  • Vyas, Khyati
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    Abstract

    Financial freedom is generally understood as state to do anything whenever you want. Financial well being brings lot of direct benefits like mental peace and capability to help others financially. Gender equality is new development of last few decades and one sees women in various roles, including females developing wealth for themselves. Every individual is different. We observe behavioral differences on Gender basis. Financial freedom experience of female Executives is very important to study against traditional male Executives. We decided that an attempt should be made to examine how financial freedom experience is different for male Executives and female Executives. Sample of 60 was selected comprising of 30 male participants and 30 female participants. All Executives were at least 18 years of age. Participants pursued different types of employment largely falling in production and trade on full time basis. Executives belonged to Vapi, Navsari, Vadodara and Ahmedabad. It was observed that Executives score do not show significant difference on Gender basis

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    File URL: http://mpra.ub.uni-muenchen.de/49460/
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    Bibliographic Info

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 49460.

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    Date of creation: 03 Sep 2013
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    Handle: RePEc:pra:mprapa:49460

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    Keywords: Behavioural Finance; Psychology;

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    1. Sunden, Annika E & Surette, Brian J, 1998. "Gender Differences in the Allocation of Assets in Retirement Savings Plans," American Economic Review, American Economic Association, vol. 88(2), pages 207-11, May.
    2. Lucie Schmidt & Purvi Sevak, 2006. "Gender, Marriage, and Asset Accumulation in the United States," Department of Economics Working Papers 2006-06, Department of Economics, Williams College.
    3. Urvi Neelakantan, 2010. "Estimation And Impact Of Gender Differences In Risk Tolerance," Economic Inquiry, Western Economic Association International, vol. 48(1), pages 228-233, 01.
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