Do Socio-Economic factors really Influence risk taking Behavior of individual Investors?
Author Affiliations
- 1Department of Business Administration, IQRA University,PAKISTAN
- 2 Department of Business Administration, Indus University, PAKISTAN
Res. J. Management Sci., Volume 3, Issue (6), Pages 10-13, June,6 (2014)
Abstract
Individuals belonging to different socio-economic classes exhibit varying risk taking behaviors. In this paper, it has been examined that the risk taking behavior considers various socio-economic characteristics like income, age, gender, occupation, education and marital status. This study is carried across different communities (i.e., Ismaili, Memon, Hindu, Sheikh, Delhi Sodagran, Chinioiti, Behari and others). Survey method is used to collect the primary data through snowball sampling. 200 respondents participated in the survey. For hypothesis testing chi-square test is applied in SPSS and results reveal that marital status, age, income, education and occupation is significantly associated with risk taking behavior whereas gender has no association with risk taking behavior. Further, it is also explored that risk taking behavior across the communities is not significantly different.
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