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How is the Risk Tolerance of Individual Investors in Kyrgyzstan?

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  • Ebru Çağlayan
  • Raziahan Abdieva

Abstract

Investment and saving behaviour of individuals are important issues in the economies. Risk tolerance of investors affects the investment decisions. In Kyrgyzstan, a transition economy, while the investment resources are high, savings of individuals in financial organizations are low. This study analyses the risk tolerance of individual investors in Kyrgyzstan and determines the factors influencing investor types. In the study multinomial logit model is used to determine these factors. The findings of the study show that men take more risk than women in Kyrgyzstan. When the age increases people become less risk lover. Having non-wage income increases taking risk and increases in the rate of investment. The findings also indicate that income has a positive effect on the risk loving sense.

Suggested Citation

  • Ebru Çağlayan & Raziahan Abdieva, 2014. "How is the Risk Tolerance of Individual Investors in Kyrgyzstan?," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(3), pages 404-415.
    • Handle: RePEc:asi:aeafrj:v:4:y:2014:i:3:p:404-415:id:1167
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