TY  - JOUR
TI  - The role of financial literacy and risk tolerance: an analysis of gender differences in the textile sector of Pakistan
AU  - LI, NAIWEN
AU  - ZHANG, WENJU
AU  - MUHAMMAD, MOHSIN
AU  - MUHAMMAD ZIA UR, REHMAN
AU  - SOBIA, NASEEM
AU  - AMINA , AFZAL
T2  - Industria Textila
AB  - This research explores the effect of financial literacy and risk tolerance on decisions making for investment by men and
women in the textile sector of Pakistan. It examines the role of risk tolerance as mediator in relation between financial
literacy and individual’s investment decision making. It also examines the moderating effect of gender difference
between financial literacy and risk tolerance. Collection of research data was done from the 300 respondents in the
textile sector of Faisalabad through the self-administered questionnaire by using convenient sampling. This research
work represented the facts that financial literacy has a positive and significant relationship with risk tolerance, and
investment decisions are significantly influenced by it. Risk tolerance has a positive and insignificant impact on
investment decisions.
In contrast, the mediation role of risk tolerance is insignificant between the financial literacy level of individuals and
decisions made by them for investment. The purpose of a moderator as gender differences is significant. This study
empowers managers to provide basics financial services to employees. Management might be guided that what should
be highlighted and what has to be improved to enhance the financial literacy level of textile workers. Employers can play
a vital role in building awareness and to educate their employees on fiscal wellness, investment planning, and
retirement. Financial literacy can also help employees to achieve commercial success, and it is fruitful in providing
benefit plans at work and in their financial affairs.
DO  - http://doi.org/10.35530/IT.072.03.202023
VL  - 72
IS  - 3
SP  - 300
EP  - 308
LA  - English
SN  - 1222-5347
UR  - http://www.revistaindustriatextila.ro/images/2021/3/10%20LI%20NAIWEN%20Industria%20Textila%203_2021.pdf
ER  -