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Gender and financial well-being of South African investors

Author

Listed:
  • Zandri Koekemoer

    (North West University)

Abstract

Financial well-being is characterised by an individual?s attitude towards their financial status. Financial well-being can be influenced by various factors, such as socioeconomic characteristics, financial behaviours and financial stressor events. Limited research has been conducted on gender differences regarding perceptions of financial wellness. An opportunity for research in this area emerged, where the main focus of this paper was to determine the difference in financial well-being levels between male and female South African investors. Secondary data collected by an investment company was used with a total sample size of 600 investors. These investors used a self-report measure for financial well-being. The results of the study indicated that there is a statistically significant difference between male and female investors? level of financial well-being. The results also suggested that male investors have a higher level of financial well-being compared to their female counterparts. These results concur with results from previous research conducted by international researchers.

Suggested Citation

  • Zandri Koekemoer, 2019. "Gender and financial well-being of South African investors," Proceedings of Economics and Finance Conferences 9511448, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iefpro:9511448
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    financial well-being; financial behaviour; gender; investors;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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