Interaction between demographic and financial behavior factors in terms of investment decision making
Küçük Resim Yok
Tarih
2011
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The purpose of this study is to show that there is an interaction between demographic and financial behavior factors in investment decisions. It is found that gender has interaction with five of the financial behavior factors (overreaction, herding, cognitive bias, irrational thinking, and overconfidence). The second finding of our study is that the level of individual savings has an interaction with four of the financial behavior factors (overreaction, herding, cognitive bias, and irrational thinking). Based on these findings, it would not be wrong to argue that gender and savings level are effective demographic factors that interact with behavioral finance factors in investment decisions. On the other hand, no interaction is found between age and behavioral finance factors in this study. Finally, it is also found that behavioral finance factors are effective in individuals' investment decisions. © EuroJournals Publishing, Inc. 2011.
Açıklama
Anahtar Kelimeler
Behavioral Finance; Cognitive Bias; Demographic Factors; Herding; Irrational Thinking; Media Effect; Overconfidence; Overreaction
Kaynak
International Research Journal of Finance and Economics
WoS Q Değeri
Scopus Q Değeri
N/A
Cilt
66
