Relationship between socio-economic variables and financial risk tolerance of investors in Sonora, Mexico
DOI:
https://doi.org/10.46588/invurnus.v14i3.7Keywords:
Risk tolerance, investment portfolio, risk perceptionAbstract
The present study is a non-experimental comparative cross-sectional design that aimed to associate and compare socioeconomic variables and tolerance to financial risk of investors from the cities of Guaymas and Hermosillo, Sonora, Mexico. From a snowball sampling, 147 investors were selected with wealth above 7 million dollars. By means of informed consent, a risk tolerance questionnaire, time horizon and financial objectives were applied through research on the issue of investment risks. The results indicated that the selected sample presents low to moderate levels of risk tolerance. Similarly, it was found that social economic variables such as level of schooling, age and wealth are related to risk tolerance. It was concluded that the study’s findings are of particular relevance to financial planners-advisers, professional organizations (of financial services) and industry regulators.
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