Modeling the Relationship between Personal Risk Tolerance, Work-Related Risk Tolerance, and Risk-Taking Behavior of Construction Workers

Bhandari, Siddharth; Hallowell, Matthew R.; Alruqi, Wael; Salas, Rico

doi:10.1061/(asce)co.1943-7862.0002021

Cited by 7 publications

(3 citation statements)

References 63 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Every individual, including investors, has different meanings and definitions of the word "success"; therefore, there are different levels of satisfaction in life for every individual, regardless of their age, sex, or presumed levels of risk tolerance. The term quality of life refers to one's general well-being, and an individual's opinion of his own quality of life can be subjective and influenced by mood or circumstances (Bidzan-Bluma et al, 2020). Some of the theories behind subjective well-being include cognitive theories, telic theories, and top-down versus bottom-up theories (Diener and Ryan, 2009).…”

Section: Review Of the Literaturementioning

confidence: 99%

“…Section B of the questionnaire included a self-report and a 20item scale on risk tolerance behaviour. Bhandari et al (2021) defined risk tolerance as the level of risk an individual is set to accept. This section included risks related to financial events that resulted from existing risk scales and theories, such as the Consumer Finance Survey (SCF), domain-specific risk-taking (DOSPERT), and the Grable and Lytton risk tolerance scale (GL-RTS), in which individual investors were requested to indicate the amount financial risk they would be prepared to accept when making financial decisions (VD Bergh-Lindeque, 2021).…”

Section: Section B: Self-report On Risk Tolerance Behaviourmentioning

confidence: 99%

See 1 more Smart Citation

Analysing the Life Satisfaction of Risk-averse and Risk-loving Investors in South Africa

Shenjere,

Ferreira-Schenk

2024

IJEFI

View full text Add to dashboard Cite

Financial well-being is normally referred to as a person’s contentment with their financial situation. The level of life satisfaction among investors may vary depending on factors such as their risk tolerance and demographics. Demographic variables such as age and gender may influence an investor’s life satisfaction, which, in turn, could influence their financial decisions. Furthermore, an investor’s willingness to take risks can also affect financial decisions, ultimately influencing their life satisfaction. The objective of this paper is to identify and determine the influence of demographics and risk tolerance levels on individual investor life satisfaction. Secondary data were obtained in the private domain from an investment company that collected 1 059 from its client base. The results of this research paper indicated that there is a significant difference between the satisfaction of life of risk-averse and risk-loving investors. Risk-averse investors showed a negative relationship with life satisfaction, while risk-loving investors showed a positive relationship. This meant that the more risk-averse investors were, the lower the life satisfaction, indicating that high life satisfaction was accompanied by high risk. A significant difference was also found between life satisfaction and age and gender. Male investors were more satisfied with their lives than female investors. Older investors experienced higher levels of life satisfaction compared to investors in other age groups. As a result, these findings will make a considerable contribution to the way financial managers create investment portfolios for their clients.

show abstract

Section: Review Of the Literaturementioning

confidence: 99%

Section: Section B: Self-report On Risk Tolerance Behaviourmentioning

confidence: 99%

Analysing the Life Satisfaction of Risk-averse and Risk-loving Investors in South Africa

Shenjere,

Ferreira-Schenk

2024

IJEFI

View full text Add to dashboard Cite

show abstract

“…There is generally a lack of research investigating safety risk tolerance and the subsequent safety decisions regarding the safety behaviors [ 35 , 36 ]. Nonetheless, a growing body of primary and secondary evidence suggests that employees with higher safety risk tolerance are more likely to demonstrate risk-taking behaviors, such as reduced safety compliance.…”

Section: Literaturementioning

confidence: 99%

Divergent effects of transformational leadership on safety compliance: A dual-path moderated mediation model

Wang

Ruan

et al. 2022

PLoS ONE

View full text Add to dashboard Cite

Research on the relationship between transformational leadership and safety compliance has yielded equivocal results. This study investigates how and when transformational leadership produces divergent effects on safety compliance. Using a time-lagged research design, we collect data from a sample of 309 employees in the Chinese construction industry to examine the hypothesized relationship. We find that transformational leadership positively affects safety compliance through employees’ felt obligation toward their leader. However, transformational leadership also negatively impacts safety compliance through safety risk tolerance. We further show that employees’ perception of the safety climate plays a contingent role in the above processes. Specifically, a high-level perceived safety climate strengthens the positive indirect effect of transformational leadership on safety compliance through felt obligation, while a low-level perceived safety climate strengthens the negative indirect effect of transformational leadership on safety compliance through safety risk tolerance. The theoretical and practical implications of the findings are also discussed.

show abstract

Influence of safety climate on risk tolerance and risk-taking behavior: A cross-cultural examination

Bhandari

Hallowell²

2022

Safety Science

View full text Add to dashboard Cite

Modeling the Relationship between Personal Risk Tolerance, Work-Related Risk Tolerance, and Risk-Taking Behavior of Construction Workers

Cited by 7 publications

References 63 publications

Analysing the Life Satisfaction of Risk-averse and Risk-loving Investors in South Africa

Analysing the Life Satisfaction of Risk-averse and Risk-loving Investors in South Africa

Divergent effects of transformational leadership on safety compliance: A dual-path moderated mediation model

Influence of safety climate on risk tolerance and risk-taking behavior: A cross-cultural examination

Contact Info

Product

Resources

About