dc.description.abstract | While the relationship between sex and financial risk-taking behavior has been
well explored in previous research, the existing literature lacks research that
distinguishes between sex and gender as antecedents of financial risk-taking.
Further, sensation-seeking and time pressure have shown to be associated with
financial risk-taking. Our research goal is, therefore, to generate a better
understanding of whether differences in financial risk-taking stem from sex or
gender and how these factors interact with time pressure and sensation-seeking.
Combining previous research findings, we construct a model of mediated
moderation. We collect data to test this model through a self-reported online
questionnaire (N = 127). From our analyses, we do not find our hypothesized
model to be significant. However, further post-hoc analyses indicate that
masculinity mediates the relationship between sex and financial risk-taking
behavior. From a theoretical standpoint, these findings indicate that time pressure
may not play as critical a role in explaining financial risk-taking as assumed. For
practice, our findings indicate that masculinity may be a useful approximation
measure for financial risk-taking behavior in organizational selection and
promotion decisions.
Keywords: financial risk-taking behavior, risk-aversion, risk-seeking, sex,
gender, male, female, masculinity, femininity, sensation-seeking, time-pressure | en_US |