Artikel

Determinants of investment decisions on the capital market

The article deals with the psychological determinants of investment decisions made by an individual investor on the capital market. The purpose of this article is to try to assess the relationship between capital involvement and selected personality traits and how individuals perceive investments in securities of different nominal unit price. The author attempts to verify whether specific price thresholds affect respondents in a similar way as prices of goods and services to customers, in the context of capital investment. The results of the nationwide survey of 564 individual investors are based on analyses using the model of the willingness to invest in shares with a specific nominal value compared to the individual characteristics of the respondents. The results of the study indicate a significant relationship between personality traits and the tendency to choose stocks with relatively low or very high denomination (current transaction price).

Sprache
Englisch

Erschienen in
Journal: e-Finanse: Financial Internet Quarterly ; ISSN: 1734-039X ; Volume: 14 ; Year: 2018 ; Issue: 2 ; Pages: 1-8 ; Warsaw: Sciendo

Klassifikation
Wirtschaft
Portfolio Choice; Investment Decisions
Information and Market Efficiency; Event Studies; Insider Trading
Behavioral Finance: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making in Financial Markets‡
Thema
Behavioral finance
investment
capital market
investment psychology
denomination effect

Ereignis
Geistige Schöpfung
(wer)
Jasiniak, Magdalena
Ereignis
Veröffentlichung
(wer)
Sciendo
(wo)
Warsaw
(wann)
2018

DOI
doi:10.2478/fiqf-2018-0007
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Jasiniak, Magdalena
  • Sciendo

Entstanden

  • 2018

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