Rajesh Kumar Mishra
Financial Literacy, Risk Tolerance and Stock Market Participation
Institute of Chartered Financial Analysts of India|ICFAI Business School
study explores households stock market investment decisions influenced selfassessed financial literacy investment awareness risk propensity socioeconomic characteristics study used national survey data indian households across country survey conducted sebi securities exchange board india get comprehensive view households characteristics behaviour investment patterns results logistic regression indicate individual risk tolerance financial literacy investment awareness significantly influences stock market investment decisions anova results indicate significant difference among different groups responding households according age education zone saving debt income level significant difference found level stock market participation based gender occupation marital status results also validate usefulness financial education programme enhancing financial awareness among households positively impacts investment decision regarding stock market investments