Title: Understanding gender differences in the attitude towards financial risk taking

Authors: Shalini Kalra Sahi

Addresses: Management Development Institute, Mehrauli Road, Sukhrali, Gurgaon, Haryana-122007, India

Abstract: Biological gender has been considered as one of the critical determinants of financial risk-taking behaviour, however very few studies have looked at financial risk-taking as perceived through the lens of gender psychology. This empirical paper attempts to contribute to the literature by not only considering both the biological and psychological aspects of gender (masculinity and femininity), but also by using a multidimensional view of financial risk-taking attitude. One of the significant findings of this study was that androgyny individuals were found to be more risk managing than any other psychological gender category. Some other findings were in concurrence with the existing literature. This insightful study adds to the scant literature that exists on psychological gender and financial risk taking and would pave the way for more work in this area.

Keywords: biological gender; gender psychology; individual investment behaviour; financial risk-taking.

DOI: 10.1504/IJICBM.2022.121609

International Journal of Indian Culture and Business Management, 2022 Vol.25 No.2, pp.139 - 158

Received: 16 Nov 2020
Accepted: 04 Jan 2021
Published online: 21 Mar 2022 *

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