... of risky assets. This enhancement in financial literacy, achieved through financial planning and a reduction in the influence of Taoist culture, effectively bolsters the quantity of risky financial assets held. Moreover, the impact of financial literacy on the allocation of risky financial assets...

..., are money set aside for emergencies (Netemeyer et al., 2018), which is an important form of individual financial planning (Nam and Loibl, 2021). While rainy-day savings are beneficial for maintaining financial stability during emergencies (Chen and Livermore, 2020), the advice seems difficult...

... Limited Licensed re-use rights only Behavioral finance Risk aversion Female investments Financial planning D14 D91 G40 G50 However, despite the increase, women still represent the minority in the variable income market in Brazil, accounting for just over 25% of total investors...