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HOUSEHOLD BARGAINING, FINANCIAL DECISION-MAKING AND RISK TOLERANCE

International Journal of Business and Society

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Title HOUSEHOLD BARGAINING, FINANCIAL DECISION-MAKING AND RISK TOLERANCE
 
Creator Abdullah Yusof, Selamah
 
Description This study examines the financial investment decision-making and risk behaviors ofMalaysian men and women. It uses data obtained from a survey of employed Malaysians totest two opposing models of household decision making, the income pooling hypothesis andthe bargaining model. Ordinal probit regressions are estimated to determine if earning shareaffects decisions on financial investments, and to identify factors that affect risk tolerance ofmen and women. The results indicate that although both men and women practice autonomyin decisions related to financial investments, women have lower risk tolerance than men.The results on decision making are consistent with the bargaining model as reflected in theimportance of relative earning share in financial decision making.Keywords: Malaysia; Income Pooling Hypothesis; Bargaining Model; Financial Decision-Making; Risk Tolerance; Household.
 
Publisher Faculty of Economics and Business, UNIMAS
 
Date 2017-11-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://publisher.unimas.my/ojs/index.php/IJBS/article/view/565
 
Source International Journal of Business and Society; Vol 16 No 2 (2015): International Journal of Business and Society
1511-6670
 
Language eng
 
Relation http://publisher.unimas.my/ojs/index.php/IJBS/article/view/565/507
 
Rights Copyright (c) 2017 International Journal of Business and Society