The Risk Tolerance and Stock Ownership of Business Owning Households

16 Pages Posted: 4 Mar 2013

See all articles by Wang Cong

Wang Cong

Ohio State University (OSU)

Sherman D. Hanna

Ohio State University (OSU)

Date Written: 2007

Abstract

Data from the 1992-2004 Survey of Consumer Finances were used to examine the risk tolerance and stock ownership of three types of households: those that do not own a business, those that own and manage a business, and those that own but do not manage a business. Non-manager business owners were the most likely to be willing to take risks and to hold stocks. Manager-business owners were more willing to take risk than non-owners but were less likely to own stocks than otherwise similar non-owner households. Research on risk tolerance and stock ownership should consider business ownership to account for differences between the household types.

Keywords: business management, business ownership, risk tolerance, stock ownership, Survey of Consumer Finances

Suggested Citation

Cong, Wang and Hanna, Sherman D., The Risk Tolerance and Stock Ownership of Business Owning Households (2007). Journal of Financial Counseling and Planning, Vol. 18, No. 2, 2007. Available at SSRN: https://ssrn.com/abstract=2228367

Wang Cong (Contact Author)

Ohio State University (OSU) ( email )

Blankenship Hall-2010
901 Woody Hayes Drive
Columbus, OH OH 43210
United States

Sherman D. Hanna

Ohio State University (OSU) ( email )

1787 Neil Avenue
Campbell 265D
Columbus, OH 43210
United States
614-292-4584 (Phone)

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