An Evaluation of the Effect of the COVID-19 Pandemic on the Risk Tolerance of Financial Decision Makers

被引：27

作者：

Heo, Wookjae ^{[1
]}

Rabbani, Abed ^{[2
]}

Grable, John E. ^{[3
]}

机构：

[1] South Dakota State Univ, Coll Educ & Human Sci, Dept Consumer Sci, SWG 149,Box 2275A, Brookings, SD 57007 USA

[2] Univ Missouri, Coll Human Environm Sci, Dept Personal Financial Planning, 239B Stanley Hall, Columbia, MO 65211 USA

[3] Univ Georgia, Coll Family & Consumer Sci, Dept Financial Planning Housing & Consumer Econ, 124 Barrow Hall, Athens, GA 30602 USA

来源：

FINANCE RESEARCH LETTERS | 2021年 / 41卷

关键词：

Financial Risk Tolerance; COVID-19;

D O I：

10.1016/j.frl.2020.101842

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper documents the negative effect of the COVID-19 pandemic on financial risk attitudes across a broad sample of financial decision makers (N = 18,913). Findings show that the risk tolerance of financial decision makers can be altered when an extreme economic, social, or environmental shock occurs. A general shift away from be willing to take financial risk was noted after the COVID-19 pandemic emergency declaration. The COVID-19 pandemic shifted risk preference downward for the majority of financial decision makers in this study.

引用

页数：6

共 19 条

[1]

Akhtaruzzaman M., 2020, IS GOLD HEDGE SAFE H

[2] Financial contagion during COVID-19 crisis [J].