Naiwen Li|Wenju Zhang|Muhammad Mohsin|Muhammad Zia ur Rehman|Sobia Naseem|Amina Afzal
The role of financial literacy and risk tolerance: an analysis of genderdifferences in the textile sector of Pakistan
Liaoning Technical University|Liaoning Technical University|Liaoning Technical University|National Textile University|Liaoning Technical University|National Textile University
research explores effect financial literacy risk tolerance decisions making investment men andwomen textile sector pakistan examines role risk tolerance mediator relation financialliteracy individuals investment decision making also examines moderating effect gender differencebetween financial literacy risk tolerance collection research data done 300 respondents thetextile sector faisalabad selfadministered questionnaire using convenient sampling researchwork represented facts financial literacy positive significant relationship risk tolerance andinvestment decisions significantly influenced risk tolerance positive insignificant impact oninvestment decisionsin contrast mediation role risk tolerance insignificant financial literacy level individuals anddecisions made investment purpose moderator gender differences significant studyempowers managers provide basics financial services employees management might guided shouldbe highlighted improved enhance financial literacy level textile workers employers playa vital role building awareness educate employees fiscal wellness investment planning andretirement financial literacy also help employees achieve commercial success fruitful providingbenefit plans work financial affairs