The Role of Working Women in Investment Decision Making in the Family In India

Sharma, Manish; Kota, Hima

doi:10.14453/aabfj.v13i3.7

Cited by 7 publications

(12 citation statements)

References 31 publications

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“…This research is also in line with the findings of Sharma & Kota (2019)that women have a greater interest in financial management related to precious metal investment, savings, pension funds, and insurance. While male group prefer investment in the form of real estate, shares, bonds, and derivatives.…”

Section: Resultssupporting

confidence: 89%

Women and Islamic Financial Literacy

Amaroh

Istianah

2020

palastren J. Studi Gend.

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<p>This study aims to understand about Islamic financial literacy of women’s groups. The measurement includes financial goals and concepts, efforts to achieve financial goals, preferences for financial institutions both in product and services, knowledge of Islamic financial literacy, and financial practices. This study used survey method and carried out in 64 female respondents with various professional backgrounds. This research found several findings. The main financial purposes are to fulfill basic need, children’s education costs, and survive. The efforts to achieve financial goals are by working, saving, or reducing expenditure. When respondents have a surplus of money, they choose for saving, pay for the hajj or umrah, or support orphans and the poor. Saving and pension funds will be used to meet requirement in the elderly. Financial security if lack of money or loss of income was by take saving, find a new job, or open a business. Bank is the main choice in carrying out of financial transaction, the pension fund and health insurance. The preferred informal financial institution is social gathering or called as “<em>arisan</em>”. Respondents prefer to choose Islamic financial institutions due to fit with religious values and give an inner peace, however not refuse to choose conventional financial institutions because it is guaranteed by the governance. The knowledge of Islamic finance is quite good (sufficient literate) with a correct answer score at 51% to 75%. While the financial practices that have been carried out are saving, transferring, and paying installments.</p>

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Section: Resultssupporting

confidence: 89%

Women and Islamic Financial Literacy

Amaroh

Istianah

2020

palastren J. Studi Gend.

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“…Furthermore, majority of the women are being joint decision-makers with their husband since they are also contributing for the expenses of the family. So, they are also able to provide their stand when any decision is made regarding financial aspect in the family (Sharma and Kota, 2019). Moreover, majority of the respondents mentioned that they are the final decision-maker regarding children affairs.…”

Section: The Participation Of Women In the Decision-making In Household Mattersmentioning

confidence: 99%

Decision Making Power in Domestic Sphere: Participation of Professional Indian Women in Kuala Lumpur and Selangor

Salvamani¹

2021

IJARBSS

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In most of the societies, the decision making power of women is limited due to gender perspectives and cultural practices. Similarly in Indian society, patriarchy ideology is very common in which men are the main breadwinners and decision-makers of the family but this belief is gradually changing. Thus, this study aims to explore the participation of professional Indian women in the decision making power in the family on the aspect of household matters. Fifteen Indian women, who work in different professional sectors and live in Kuala Lumpur and the Selangor area, were selected for this study. A qualitative approach using one to one in-depth interview method was used to gather the primary data. The findings show that majority of the husbands are sharing the household chores equally with their wife but there are still some men who do not provide any assistance in doing house works. Moreover, women have freedom to decide on basic things but there are differences in practice for men and women in terms of outing planning with friends. This study also revealed that the participation of Indian women in the decision-making in their family have increased in terms of financial aspects and children affairs.

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“…There is a need for saving mobilization, which comprises advocating for the need to increase savings in order to improve economic policies. Women have a particular predisposition for saving, which is increasingly accompanied by an interest in investing (Hanaoka et al, 2018;Kuzniak et al, 2015a;Sharma & Chaturvedi, 2021;Trujillo-Barrera, Pennings, &Hofenk, 2016).…”

Section: Introductionmentioning

confidence: 99%

“…To reap the advantages of long-term investments in the form of higher returns, working women today highlight the importance of investing and begin investing early in life. The life-altering impacts of employment have been both a cause and an effect of the socioeconomic liberation of Indian women (Sharma & Chaturvedi, 2021). Globally, the economic condition and personal status of women have seen significant upheaval in recent years.…”

Section: Introductionmentioning

confidence: 99%

Assessment of Risk Tolerance and Investment Pattern of Working Women- A Pragmatic Approach within Metropolitan Cities

Ajabnoor¹,

Faisal²

2023

Int. J. Res. Publ. Rev.

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Behavioral factors play a significant role in influencing investment decisions, and it is no different for women who have experienced significant changes in their roles and economic standing in recent years. As women have become increasingly independent and involved in various facets of society, they have also started actively investing their surplus funds. However, several factors impact their investment decisions, including their risk tolerance, influence from family and friends, and availability of investment options.The results of the study revealed that several factors significantly impact investment decisions among Indian working women. Attachment to the investment, the source of information, risk tolerance, quality of life, and independent decision-making were identified as the most crucial factors. The study found that women who felt a strong emotional attachment to their investments were more likely to invest, whereas those who relied only on their family and friends for investment advice were less likely to invest. Risk tolerance also emerged as a crucial factor, with women who were willing to take risks being more likely to invest.The study also revealed that women who had a better quality of life were more likely to invest, indicating that financial stability and security are crucial for investment decisions. Additionally, women who made independent decisions about investments were more likely to invest, as they felt more in control of their finances.

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The Role of Working Women in Investment Decision Making in the Family In India

Cited by 7 publications

References 31 publications

Women and Islamic Financial Literacy

Women and Islamic Financial Literacy

Decision Making Power in Domestic Sphere: Participation of Professional Indian Women in Kuala Lumpur and Selangor

Assessment of Risk Tolerance and Investment Pattern of Working Women- A Pragmatic Approach within Metropolitan Cities

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