| Issue |
SHS Web Conf.
Volume 132, 2022
Innovative Economic Symposium 2021 – New Trends in Business and Corporate Finance in COVID-19 Era (IES2021)
|
|
|---|---|---|
| Article Number | 01021 | |
| Number of page(s) | 6 | |
| Section | New Trends in Business and Corporate Finance in COVID-19 Era | |
| DOI | https://doi.org/10.1051/shsconf/202213201021 | |
| Published online | 05 January 2022 | |
Does COVID-19 really make people risk aversion in investment decision-making?
1 Graduate School of Venture, Hoseo University, Seoul, Korea
2 College of Business Administration, Kookmin University, Seoul, Korea
* Corresponding author: lilin@kookmin.ac.kr
The economic fallout from COVID-19 pandemic changes individuals’ investment perceptions and behaviors in a tremendous way. Consequently, investment decision-making has been affected as people have to adjust to the new environment. This study aims to study whether COVID-19 really make people risk aversion due to the economic slowdown. Our empirical results are analyzed from household finance data in U.S in July 2021. It is found that COVID-19 proximity, income, and occupation are positively associate with risking taking in investment decision-making, while age and family size are not. This study contributes to the newly emerged body of knowledge on post pandemic investment decision-making and risk behavior analysis and provide implications for financial investment institutions.
Key words: Risk aversion / Risk taking / Investment decision-making / COVID-19 pandemic
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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