dc.contributor.author | Yao, Rui | eng |
dc.contributor.deptlab | Personal Financial Planning | eng |
dc.date.issued | 2012 | eng |
dc.description.abstract | This chapter investigates the factors that affect financial risk tolerance of Chinese American households. Research on the economic well-being of Chinese American households is extremely limited. Few national datasets differentiate Chinese Americans from other race/ethnicity groups. For this study, a survey of Chinese American households residing in Midwestern states was conducted. The results showed that about 80.5 % of the sample households expressed a willingness to take at least some financial risks. Factors that have an impact on financial risk tolerance of Chinese American households included gender, non-financial assets, income, and investment time horizon. Chinese Americans represents a small but fast-growing population in the USA. More research should be done to better serve the financial needs of this group. | eng |
dc.description.bibref | Includes bibliographical references. | eng |
dc.format.extent | 13 pages PDF of published book | eng |
dc.identifier | 10.1007/978-1-4614-0266-4_30 | eng |
dc.identifier.citation | Original: Yao, R. (2012). Financial risk tolerance of Chinese American families. In K. B. Chan (Ed.) International Handbook of Chinese Families (pp. 499-510). NY, NY: Springer. | eng |
dc.identifier.uri | https://doi.org/10.1007/978-1-4614-0266-4_30 | eng |
dc.identifier.uri | https://hdl.handle.net/10355/62739 | |
dc.language | English | eng |
dc.rights | OpenAccess. | eng |
dc.rights.license | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License. | eng |
dc.title | Financial risk tolerance of Chinese American families | eng |
dc.type | Book chapter | eng |