Individual Investors Financial Risk Tolerance and Personality Traits. A Systematic Review and Future Research Direction DOI Creative Commons
Shakira Mukhtar, Anisa Jan

Integrated Journal for Research in Arts and Humanities, Journal Year: 2023, Volume and Issue: 3(6), P. 89 - 104

Published: Dec. 9, 2023

Purpose: Using a systematic literature review the papers investigated relationship between various personality traits and volatility of financial risk tolerance levels investors. Further, study analyzed foundational work that has gone into making behavioural finance well-established distinct field over years. The tendencies individual investors, institutional advisors have also been included in this study. Design/Methodology/Approach: research were assessed using Scopus database, published journals, conference proceedings, working papers, keywords related to finance. These gathered from 1967 which laid groundwork for subject 2021. articles are divided categories according traits, year, country, author. All instruments connected primary secondary data writers utilized shown paper Findings: findings suggest on markets overtaken by new era studying human emotions, behaviour, attitudes. Moreover, not only academics paying attention field, but so corporations, intermediaries, entrepreneurs. Individual as well advisors, focus research, behaviour intermediary through most these investors invest should be examined. It allows researchers smaller subset population while examining emerging economies search theories. described form tables, include big five trait model their impact among Research Limitations/Implications: Based recent provides an overview significant developments field. So far, there few comprehensive reviews studies published. Now will benefit study's findings, those who looking areas efforts. use database is limitation study, web science could provided much more details. Practical implications: A practical implication policymakers, securities issuers can keep investors' interests mind before introducing security s market. Social Implications: Investors get acquainted with type level help them better investment decisions thereby reduce risk. Originality/Value: existing about based decision-making literature. Some concepts theories discussed addition established ones. Consequently, encourages readers look solutions limit decisions.

Language: Английский

The Impact of Financial Literacy on Retirement Planning with Serial Mediation of Financial Risk Tolerance and Saving Behavior: Evidence of Medium Entrepreneurs in Indonesia DOI Creative Commons

Subur Harahap,

Armanu Thoyib,

Sumiati Sumiati

et al.

International Journal of Financial Studies, Journal Year: 2022, Volume and Issue: 10(3), P. 66 - 66

Published: Aug. 9, 2022

This research examined the gist of financial literacy on medium entrepreneurs in Indonesia, impacting retirement planning through some mediator and moderating variables. Implementing prospect theory planned behavior to explore these interactions, a series hypotheses were constructed, considering risk tolerance saving as variables herding moderator The study partial least square-structural equation modelling (PLS-SEM) obtained by sampling data from 388 medium-scale Bekasi Regency, Indonesia. revealed (a) how is serial mediated behavior, (b) can strengthen literacy’s influence planning, (c) does not relationship between planning. confirms bridge positive

Language: Английский

Citations

38
Impact of investment behaviour on financial markets during COVID-19: a case of UK DOI Creative Commons
Fanyi Wang,

Ruobing Zhang,

Faraz Ahmed

et al.

Economic Research-Ekonomska Istraživanja, Journal Year: 2021, Volume and Issue: 35(1), P. 2273 - 2291

Published: July 1, 2021

This study aims to determine the impact of investment behavior on financial markets during COVID-19 with respect UK. is quantitative, where data has been gathered from primary sources information, i.e., through a survey questionnaire. The researcher adopted non-probability convenience sampling which 337 responses were gathered. questionnaire was self-administered, based 7 points Likert scale. Concerning analysis, SEM technique in CFA and path analysis carried out variables. study's determined significant moderation uncertainty over relationship risk perception general tolerance. Similarly, tolerance also determined. Additionally, profitability rate's effect by Moreover, Lastly, satisfaction be

Language: Английский

Citations

38
Decision Support Mathematical Model for a Production Line Design in a Context of High Demand DOI

Christophe Sauvey,

Wajdi Trabelsi

Computational Economics, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 13, 2025

Language: Английский

Citations

0
Risk tolerance as mediating factor in individual financial investment decisions: a developing-country study DOI
Shahid Hussain, Abdul Rasheed

Studies in Economics and Econometrics, Journal Year: 2023, Volume and Issue: 47(2), P. 185 - 198

Published: April 3, 2023

The key objective of this research paper is to estimate the impact financial literacy, investor’s personality and overconfidence bias on investment decisions by using risk tolerance as a mediator variable. Inclusive finance makes numerous products services accessible affordable micro-finance community, remarkably those absent from conventional system. Financial literacy leading factor affecting an individual’s ability access services. This study employed Structural Equation Modelling investigate whether other traits affect decisions. Regression results showed that investors’ personality, are significantly relevant (β = 0.128***, S.D 0.047, t 2.746; p < 1%; β 0.378***, 0.051, 7.414, 0.269***, 0.052, 5.155, 0.195***, 0.054, 3.619, 0.371***, 0.055, 6.706, β0.195***, 0.061, 3.190, 1%). As mediation showed, plays significant role in bias, 0.024**, 0.011, 2.15, 5%; 2.17, 0.047**, 0.018, 2.55, 5%). implications also provide valued recommendations for regulatory institutions improve inclusion emerging market context.

Language: Английский

Citations

4
Driving Forces: Generational Differences on the Purchasing Behavior of Investment Assets among Gen Y and Gen Z DOI Open Access

Karl Nikolai Quetua,

Maria Clarizze Jade Juan,

Gheena Rhae Mariah Katipunan

et al.

MEC-J (Management and Economics Journal), Journal Year: 2023, Volume and Issue: 7(1), P. 43 - 62

Published: April 26, 2023

With the rising numbers and interest in financial literacy of Filipinos, more people are delving into investment assets. In this case, firms Philippines must discover new methods to address current demand for assets better plan effective strategies. This study aims identify purchasing behavior factors influencing intention among Gen Y Z investors. order assess generational differences behavioral patterns, researchers used a quantitative approach using convenience sampling technique data collection. The was analyzed Partial Least Square-Structural Equation Modeling (PLS-SEM). collected research will help know their target market. Thus, acquiring right strategies would increase sales said them determine appropriate shows that only has significant relationship with both investors, there is no difference between intentions. influence generations, marketing promotions appeal investors' prior knowledge. results market, thus, lead

Language: Английский

Citations

2
Financial Literacy and other Factors Influencing Investment Behaviour of Individual Investor: A Review of Literature DOI Creative Commons

Monjita Bordoloi -,

Gobinda Deka

International Journal For Multidisciplinary Research, Journal Year: 2024, Volume and Issue: 6(3)

Published: May 22, 2024

Indian investor’s behavior has been changing drastically in the post-economic reforms era investment activity, preferences selecting various financial instruments, evaluating and analyzing avenues. In this paper diverse literature available worldwide on individual investor explored. Its main objective is to understand behavior.

Language: Английский

Citations

0
Correlating Investor Patterns and ESG Performance With Neuro Marketing Insights DOI

Mukul Bhatnagar,

Rajendra Rajaram

Advances in business strategy and competitive advantage book series, Journal Year: 2024, Volume and Issue: unknown, P. 1 - 20

Published: Oct. 18, 2024

This research explores the multifaceted interdependencies between corporate sustainability performance, risk mitigation strategies, investor behaviour patterns, ESG ratings, and perception, utilizing advanced statistical methodologies such as bootstrapping, correlation analysis, neuromarketing insights, to unravel intricate cognitive emotional dynamics that underpin investment decision-making; by decoding subconscious drivers of choices through frameworks aligning them with imperatives financial metrics, study reveals a comprehensive paradigm where management, socio-environmental governance converge, offering profound managerial implications for optimizing long-term stakeholder value in an increasingly complex global landscape.

Language: Английский

Citations

0
Empirical Study on Financial Literacy, Investors’ Personality, Overconfidence Bias and Investment Decisions and Risk Tolerance as Mediator Factor DOI Creative Commons
Shahid Hussain, Abdul Rasheed

Research Square (Research Square), Journal Year: 2022, Volume and Issue: unknown

Published: Sept. 27, 2022

Abstract The key objective of this research paper is to estimate the impact financial literacy, investor’s personality and overconfidence bias on investment decisions by using risk tolerance as a mediator variable. Inclusive finance makes numerous products services accessible affordable micro-finance community, remarkably those absent from conventional system. Financial literacy leading factor affecting an individual's ability access services. This study employed Structural Equation Modeling investigate whether other traits affect decisions. Regression results showed that investors' personality, are significantly relevant (β = 0.128***, S.D 0.047, t 2.746; p < 1%; β 0.378***, 0.051, 7.414, 0.269***, 0.052, 5.155, 0.195***, 0.054, 3.619, 0.371***, 0.055, 6.706, β0.195***, 0.061, 3.190, 1%). As mediation showed, plays significant role in bias, 0.024**, 0.011, 2.15, 5%; 2.17, 0.047**, 0.018, 2.55, 5%). implications also provide valued recommendations for regulatory institutions improve inclusion emerging market context. JEL Classification: G40, G41

Language: Английский

Citations

2
Individual Investors Financial Risk Tolerance and Personality Traits. A Systematic Review and Future Research Direction DOI Creative Commons
Shakira Mukhtar, Anisa Jan

Integrated Journal for Research in Arts and Humanities, Journal Year: 2023, Volume and Issue: 3(6), P. 89 - 104

Published: Dec. 9, 2023

Purpose: Using a systematic literature review the papers investigated relationship between various personality traits and volatility of financial risk tolerance levels investors. Further, study analyzed foundational work that has gone into making behavioural finance well-established distinct field over years. The tendencies individual investors, institutional advisors have also been included in this study. Design/Methodology/Approach: research were assessed using Scopus database, published journals, conference proceedings, working papers, keywords related to finance. These gathered from 1967 which laid groundwork for subject 2021. articles are divided categories according traits, year, country, author. All instruments connected primary secondary data writers utilized shown paper Findings: findings suggest on markets overtaken by new era studying human emotions, behaviour, attitudes. Moreover, not only academics paying attention field, but so corporations, intermediaries, entrepreneurs. Individual as well advisors, focus research, behaviour intermediary through most these investors invest should be examined. It allows researchers smaller subset population while examining emerging economies search theories. described form tables, include big five trait model their impact among Research Limitations/Implications: Based recent provides an overview significant developments field. So far, there few comprehensive reviews studies published. Now will benefit study's findings, those who looking areas efforts. use database is limitation study, web science could provided much more details. Practical implications: A practical implication policymakers, securities issuers can keep investors' interests mind before introducing security s market. Social Implications: Investors get acquainted with type level help them better investment decisions thereby reduce risk. Originality/Value: existing about based decision-making literature. Some concepts theories discussed addition established ones. Consequently, encourages readers look solutions limit decisions.

Language: Английский

Citations

0