Women’s Investment Decision: An Examination of Risk Tolerance and Financial Literacy

Abstract

“This study investigates the impact of Digital Financial Literacy (DFL), Access to Technology (AT), and Socioeconomic Status (SES) on Financial Decision-Making (FDM). Using a sample of 147 participants, the research employs regression analysis to reveal significant positive relationships between DFL, AT, and SES with FDM. Findings indicate that higher levels of digital financial literacy and improved access to technology enhance individuals' ability to make informed financial decisions. Furthermore, SES is shown to play a crucial role in shaping financial behavior. The study's insights underscore the need for targeted educational initiatives and policies aimed at improving digital financial literacy, particularly among economically disadvantaged populations. This research contributes to the understanding of factors influencing financial decision-making and offers recommendations for stakeholders aiming to foster financial inclusion in an increasingly digital landscape.”