The Impact of Testosterone on Financial Risk Tolerance

Joudar Fadoua; Dinar Brahim

doi:doi:10.11648/j.ijafrm.20220702.18

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The Impact of Testosterone on Financial Risk Tolerance

Joudar Fadoua, Dinar Brahim

Published in International Journal of Accounting, Finance and Risk Management (Volume 7, Issue 2)

Received: 4 June 2022 Accepted: 20 June 2022 Published: 30 June 2022

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Abstract

This study aims to examine the relationship between gender and financial risk tolerance. A mixed (qualitative and quantitative) approach was adopted with 100 respondents consisting of 63 Moroccan men and 37 Moroccan women, aged between 18 and 47 years. The analysis of the responses to the questionnaire based on the risk tolerance question of The Survey Of Consumer Finances, demonstrated that men have a higher risk tolerance than women and that there is a relationship between gender and individuals' attitude toward risk. The results of the questionnaire show that 78.37% of the women surveyed have no tolerance for risk and only 21.62% of women are more tolerant of financial risk. While 35 men in our sample are willing to take significant financial risks and only 11 men prefer not to take any. Otherwise, 23.81% of the men surveyed are intolerant of financial risk and 76.19% are more tolerant of financial risk. The regression analysis examined the relationship between testosterone levels in the sample and financial risk tolerance. It was found that there was a positive relationship between the two variables. However, the study reveals that testosterone is not the only factor that could explain excessive risk-taking and thatother variables can also explain financial risk tolerance.

Published in	International Journal of Accounting, Finance and Risk Management (Volume 7, Issue 2)
DOI	10.11648/j.ijafrm.20220702.18
Page(s)	86-91
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Testosterone, Gender, Risk Tolerance

References

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APA Style

Joudar Fadoua, Dinar Brahim. (2022). The Impact of Testosterone on Financial Risk Tolerance. International Journal of Accounting, Finance and Risk Management, 7(2), 86-91. https://doi.org/10.11648/j.ijafrm.20220702.18

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ACS Style

Joudar Fadoua; Dinar Brahim. The Impact of Testosterone on Financial Risk Tolerance. Int. J. Account. Finance Risk Manag. 2022, 7(2), 86-91. doi: 10.11648/j.ijafrm.20220702.18

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AMA Style

Joudar Fadoua, Dinar Brahim. The Impact of Testosterone on Financial Risk Tolerance. Int J Account Finance Risk Manag. 2022;7(2):86-91. doi: 10.11648/j.ijafrm.20220702.18

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@article{10.11648/j.ijafrm.20220702.18,
  author = {Joudar Fadoua and Dinar Brahim},
  title = {The Impact of Testosterone on Financial Risk Tolerance},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {7},
  number = {2},
  pages = {86-91},
  doi = {10.11648/j.ijafrm.20220702.18},
  url = {https://doi.org/10.11648/j.ijafrm.20220702.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20220702.18},
  abstract = {This study aims to examine the relationship between gender and financial risk tolerance. A mixed (qualitative and quantitative) approach was adopted with 100 respondents consisting of 63 Moroccan men and 37 Moroccan women, aged between 18 and 47 years. The analysis of the responses to the questionnaire based on the risk tolerance question of The Survey Of Consumer Finances, demonstrated that men have a higher risk tolerance than women and that there is a relationship between gender and individuals' attitude toward risk. The results of the questionnaire show that 78.37% of the women surveyed have no tolerance for risk and only 21.62% of women are more tolerant of financial risk. While 35 men in our sample are willing to take significant financial risks and only 11 men prefer not to take any. Otherwise, 23.81% of the men surveyed are intolerant of financial risk and 76.19% are more tolerant of financial risk. The regression analysis examined the relationship between testosterone levels in the sample and financial risk tolerance. It was found that there was a positive relationship between the two variables. However, the study reveals that testosterone is not the only factor that could explain excessive risk-taking and thatother variables can also explain financial risk tolerance.},
 year = {2022}
}

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TY  - JOUR
T1  - The Impact of Testosterone on Financial Risk Tolerance
AU  - Joudar Fadoua
AU  - Dinar Brahim
Y1  - 2022/06/30
PY  - 2022
N1  - https://doi.org/10.11648/j.ijafrm.20220702.18
DO  - 10.11648/j.ijafrm.20220702.18
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 86
EP  - 91
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20220702.18
AB  - This study aims to examine the relationship between gender and financial risk tolerance. A mixed (qualitative and quantitative) approach was adopted with 100 respondents consisting of 63 Moroccan men and 37 Moroccan women, aged between 18 and 47 years. The analysis of the responses to the questionnaire based on the risk tolerance question of The Survey Of Consumer Finances, demonstrated that men have a higher risk tolerance than women and that there is a relationship between gender and individuals' attitude toward risk. The results of the questionnaire show that 78.37% of the women surveyed have no tolerance for risk and only 21.62% of women are more tolerant of financial risk. While 35 men in our sample are willing to take significant financial risks and only 11 men prefer not to take any. Otherwise, 23.81% of the men surveyed are intolerant of financial risk and 76.19% are more tolerant of financial risk. The regression analysis examined the relationship between testosterone levels in the sample and financial risk tolerance. It was found that there was a positive relationship between the two variables. However, the study reveals that testosterone is not the only factor that could explain excessive risk-taking and thatother variables can also explain financial risk tolerance.
VL  - 7
IS  - 2
ER  -

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Author Information

Joudar Fadoua

Research Laboratory in Economics, Management and Business Management, Faculty of Economics and Management, Hassan First University, Settat, Morocco
Dinar Brahim

Research Laboratory in Economics, Management and Business Management, Faculty of Economics and Management, Hassan First University, Settat, Morocco

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Plain Text BibTeX RIS

APA Style

Joudar Fadoua, Dinar Brahim. (2022). The Impact of Testosterone on Financial Risk Tolerance. International Journal of Accounting, Finance and Risk Management, 7(2), 86-91. https://doi.org/10.11648/j.ijafrm.20220702.18

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ACS Style

Joudar Fadoua; Dinar Brahim. The Impact of Testosterone on Financial Risk Tolerance. Int. J. Account. Finance Risk Manag. 2022, 7(2), 86-91. doi: 10.11648/j.ijafrm.20220702.18

Copy | Download

AMA Style

Joudar Fadoua, Dinar Brahim. The Impact of Testosterone on Financial Risk Tolerance. Int J Account Finance Risk Manag. 2022;7(2):86-91. doi: 10.11648/j.ijafrm.20220702.18

Copy | Download

@article{10.11648/j.ijafrm.20220702.18,
  author = {Joudar Fadoua and Dinar Brahim},
  title = {The Impact of Testosterone on Financial Risk Tolerance},
  journal = {International Journal of Accounting, Finance and Risk Management},
  volume = {7},
  number = {2},
  pages = {86-91},
  doi = {10.11648/j.ijafrm.20220702.18},
  url = {https://doi.org/10.11648/j.ijafrm.20220702.18},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijafrm.20220702.18},
  abstract = {This study aims to examine the relationship between gender and financial risk tolerance. A mixed (qualitative and quantitative) approach was adopted with 100 respondents consisting of 63 Moroccan men and 37 Moroccan women, aged between 18 and 47 years. The analysis of the responses to the questionnaire based on the risk tolerance question of The Survey Of Consumer Finances, demonstrated that men have a higher risk tolerance than women and that there is a relationship between gender and individuals' attitude toward risk. The results of the questionnaire show that 78.37% of the women surveyed have no tolerance for risk and only 21.62% of women are more tolerant of financial risk. While 35 men in our sample are willing to take significant financial risks and only 11 men prefer not to take any. Otherwise, 23.81% of the men surveyed are intolerant of financial risk and 76.19% are more tolerant of financial risk. The regression analysis examined the relationship between testosterone levels in the sample and financial risk tolerance. It was found that there was a positive relationship between the two variables. However, the study reveals that testosterone is not the only factor that could explain excessive risk-taking and thatother variables can also explain financial risk tolerance.},
 year = {2022}
}

Copy | Download

TY  - JOUR
T1  - The Impact of Testosterone on Financial Risk Tolerance
AU  - Joudar Fadoua
AU  - Dinar Brahim
Y1  - 2022/06/30
PY  - 2022
N1  - https://doi.org/10.11648/j.ijafrm.20220702.18
DO  - 10.11648/j.ijafrm.20220702.18
T2  - International Journal of Accounting, Finance and Risk Management
JF  - International Journal of Accounting, Finance and Risk Management
JO  - International Journal of Accounting, Finance and Risk Management
SP  - 86
EP  - 91
PB  - Science Publishing Group
SN  - 2578-9376
UR  - https://doi.org/10.11648/j.ijafrm.20220702.18
AB  - This study aims to examine the relationship between gender and financial risk tolerance. A mixed (qualitative and quantitative) approach was adopted with 100 respondents consisting of 63 Moroccan men and 37 Moroccan women, aged between 18 and 47 years. The analysis of the responses to the questionnaire based on the risk tolerance question of The Survey Of Consumer Finances, demonstrated that men have a higher risk tolerance than women and that there is a relationship between gender and individuals' attitude toward risk. The results of the questionnaire show that 78.37% of the women surveyed have no tolerance for risk and only 21.62% of women are more tolerant of financial risk. While 35 men in our sample are willing to take significant financial risks and only 11 men prefer not to take any. Otherwise, 23.81% of the men surveyed are intolerant of financial risk and 76.19% are more tolerant of financial risk. The regression analysis examined the relationship between testosterone levels in the sample and financial risk tolerance. It was found that there was a positive relationship between the two variables. However, the study reveals that testosterone is not the only factor that could explain excessive risk-taking and thatother variables can also explain financial risk tolerance.
VL  - 7
IS  - 2
ER  -

Copy | Download