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Publication
The Perception and Knowledge of Financial Risk of the Portuguese
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Authors
Advisor(s)
Abstract(s)
This study will help academics, researchers, and professionals to better understand how
the Portuguese population perceives financial risk. Thus, the main objective of this study is to analyse
and compare the perception and knowledge of financial risk by the Portuguese. The methodology
used is quantitative, and the measurement instrument consists of three parts: financial risk perception,
financial risk knowledge and sociodemographic characterization of the participants. The sample is
composed of 830 Portuguese individuals, over 18 years old. The results demonstrate that financial
risk perception is a one-dimensional measurement and that there are low levels of both perception
and knowledge of financial risk. It can also be concluded that the Portuguese individuals have a
higher level of financial risk perception, when compared to financial risk knowledge, and it is men
who have higher levels of perception and knowledge of financial risk. Thus, this study contributes to
the literature on financial risk by presenting empirical evidence and relevant conclusions, and it is
therefore expected that it will help to improve the perception and knowledge of the financial risk
of the Portuguese and, consequently, their financial decisions and financial well-being. Therefore,
the study fills a gap, since there are no studies in Portugal that assess the perception and knowledge
of financial risk of the Portuguese.
Description
Keywords
Portugal Financial decisions Financial learning Financial education Financial risk Financial literacy
Citation
Tavares F, Santos E, Tavares V, Ratten V. The Perception and Knowledge of Financial Risk of the Portuguese. Sustainability. 2020; 12(19):8255. https://doi.org/10.3390/su12198255
Publisher
MDPI