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标题：Are the Customers of Participation Banks Noise Traders? The Case of Turkey
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作者：Ahmet Hakan Özkan ; Ahmet Hakan Özkan
期刊名称：Procedia - Social and Behavioral Sciences
印刷版ISSN：1877-0428
出版年度：2014
卷号：109
页码：584-589
DOI：10.1016/j.sbspro.2013.12.510
语种：English
出版社：Elsevier
摘要：AbstractThe participation banks, which are founded on the base of Profit and Loss Sharing system, are important for behavioral finance. As a matter of fact, these institutions manage the behaviours which are directed by the beliefs. Besides it is estimated that the investors of participation banks are noise traders and do not act rationally for their investments. Because the financial instruments are not widespread among these investors and as a result, they are expected to have limited knowledge about the financial markets. The profile of the customers of the participation banks are elaborated with this study. The rationality of the participation banks are measured by using semi-structured interviews with Likert scale. The results are compared to the other commercial bank customers and it is seen that the participation bank customers are less rational than the other commercial bank customers. The statistical analyses have shown that there is positive correlation between income and rationality.
关键词：Participation banks;noise traders;profile of bank customers