Risky financial behavior and investment preference of teachers

Abstract

This study determined which domain of risky financial behavior significantly influences the investment preference of teachers. It applied the quantitative non – experimental research design using a correlational technique with 120 teachers as respondents. The researcher adapted the research questionnaire both for risky financial behavior and investment preference of teachers. Mean, Pearson Product Moment Correlation, and Regression was used to treat the gathered data statistically. Results revealed that teacher’s level of risk financial behavior was high. All indicators of economic-related economic behavior, related financial personality, attitude towards risk and return, and confidence level are high. The study revealed high investment preference, high value expressive, and very high in terms of utilitarianism perceived by teachers. The study also unveiled that risky economic behavior is significantly related to the investment preference of teachers. The overall result disclosed that risky financial behavior greatly influenced the investment preference of teachers. As it came out in the study, the domain that affects investment preference of teachers are economic financial-related behavior and confidence level. Keywords: education, risky financial behavior, investment preference, correlation, Philippines