FINANCIAL RISK TOLERANCE OF EMPLOYEES IN FINANCIAL AND NON-FINANCIAL INSTITUTIONS IN SRI LANKA

Author's Name: Shashikala Amarasinghe
Subject Area: Social Science and Humanities
Subject Management
Section Research Paper

Keyword:

Financial Risk Tolerance; Composite Index; Risk Assessment


Abstract

The purpose of this study is to examine whether there is a significant difference in the level of Financial Risk Tolerance of employees in Financial Institutions with that of employees in Non-Financial Institutions in Sri Lanka. A sample of internet risk assessment survey respondents was considered.A composite index using the values for answers was developed to measure Financial Risk Tolerance of respondents with the help of a Likert-scale. The study employed descriptive statistics and one way Analysis Of Variancetest (ANOVA) to compare the levels of risk tolerance between the respondents of the two sectors, i.e. Financial Sector employees and Non-Financial Sector employees.

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