The Factors Affecting Malaysian Investment Risk Tolerance for Retirement Plans
Chng Leh Queen1, Hafinaz Hasniyanti Hassan2
1Chng Leh Queen, School of Accounting and Finance Faculty of Business Management, Asia Pacific University of Technology and Innovation, Malaysia.
2Hafinaz Hasniyanti Hassan, School of Accounting and Finance Faculty of Business Management, Asia Pacific University of Technology and Innovation, Malaysia.
Manuscript received on 05 February 2019 | Revised Manuscript received on 11 February 2019 | Manuscript Published on 19 February 2019 | PP: 181-189 | Volume-7 Issue-5S January 2019 | Retrieval Number: ES2145017519/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Risk tolerance is the risk levels that you able to tolerance/acceptance. It is one of the important factors for both investment managers and investors to make investment decisions. However, understanding and measuring of personal investment risk tolerance is not a simple process. Therefore, this research attempts to measure Malaysian investment risk tolerance and determine the factors that affect Malaysian investment risk tolerance for retirement plans. Besides that, the purposes of this study was to study the relationships between financial risk tolerance and factors of age, gender, education level, income level, investment goals, and investment time horizon. In the research, the data analysis will use descriptive statistics analysis, Pearson correlation coefficient, and significant test by the Statistical Package for the Social Sciences (SPSS). Results of Pearson correlation coefficient, and significant test indicated that age, income level and investment goals had the significant relationships with financial risk tolerance, although gender, education level and investment goals had no significant effect on financial risk tolerance.
Keywords: Risk Tolerance, Investment Goals, Investment Time Horizon, Retirement Plans.
Scope of the Article: e-governance, e-Commerce, e-business, e-Learning