由於社會型態的改變，女性投入勞動市場的比率越杁越高，自主能力提升，參與金融資產配置的機會也增加，因此本文檢驗性別差異對於賌產配置風險的影響。本文以壽險公司的有效保戶進行抽樣調查，以股票持有比率為應變數，採用Tobit迴歸分析與分量迴歸進分析。實證結果顯示女性、房貸股票持有比率呈現顯著負相關，而年齡、收入、資產等變顯著正向影響股票持有比率，婚姻狀況與自有房屋因素則呈現不顯著;而分量迴歸分析顯示在股票有比率較高的族群中，女性越是顯得趨避風險，即股票持有比率更為下降。由本文實證顯示女性承擔投資風險顯著低於男性，金融、保險機構可針對不同性別之區隔市場，採取不同的行銷策略或資產配置。

The purpose of study is to investigate the impact of gender on asset risk. Using a survey of the insureds from a life insurance company in Taiwan, we test whether female respondents hold lower proportions of stocks in their portfolios. Our empirical results show that female respondents hold significantly lower proportion of stock in their investment. Our results also indicate that the logged amount of house mortgage has negative effect on stock holdings, and age, income and wealth have positive effect on stock holdings. Finally, our quantile regression results show that older female respondents hold significantly lower proportion of stock investment than younger female, and this reduction is more evident in the higher quantile.