JURNAL ILMIAH MAKSITEK
Vol 3 No 3 (2018): JURNAL ILMIAH MAKSITEK

THE IMPACT OF DECISION POWER ON FINANCIAL RISK TOLERANCE AND ASSET ALLOCATION ON HOUSEHOLD

Anne Rumondang Malau (Universitas HKBP Nommensen)
Halomoan Sihombing (Universitas HKBP Nommensen)

Article Info

Publish Date
17 Sep 2018

Abstract

This study considers the impact of decision power and demographic variable on risk tolerance and portfolio in households. Financial management in the household becomes an important issue in creating community welfare. Married Couple (N= 154) separately completed a survey using Decision Power Index by Blood and Wolfe, The Survey of Consumer Finances risk tolerance question, demographic information such as, age, education level, gender, working status, and tribe. The study found that effect of decision power for husband and finance and portofolio risk level, Suggesting that husband more affects to take financial decision, but Age and Education of spouse was found to be a significan factor in risk tolerance. Further, a tribe indicating the decision power, risk tolerance level among spouse in household.

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Journal Info
JURNAL ILMIAH MAKSITEK
Website

Abbrev

JIM

Publisher

LP2MTBM MAKARIOZ

Subject

Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Health Professions Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Medicine & Pharmacology Public Health Social Sciences

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