文章基本信息

标题：Study of the Impact of Different Investor Behaviours on Market Volatility
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作者：Abdolkarim Moghadam ; Hamidreza Ghiabi
期刊名称：Asian Journal of Economics, Business and Accounting
印刷版ISSN：2456-639X
出版年度：2020
卷号：16
期号：2
页码：46-55
DOI：10.9734/ajeba/2020/v16i230236
语种：English
出版社：Sciencedomain International
摘要：The purpose of this research is to study the impact of different investor behavior on the volatility of the bourse market. The field study consists of the companies listed on the stock exchange during the years 2012-2016. In this study, the different investor behaviour is considered the independent variable and the market volatility is the dependent variable. The present research is an applied study, in case the classification of researches in characteristics and methodology is considered, this study is considered descriptive research based on its characteristics and it is in the correlation study category based on its methodology. In this study collecting data and information has been done by library method and the data compilation has been fulfilled by referring to the financial statements, explanatory notes and monthly magazine of the bourse. In sample size determination based on data collecting system, 114 companies have been selected as the sample statistics. In order to describe and summarize the collected data descriptive and inferential statistics have been utilized. In analyzing the data first pre-test of variance homogeneity, Limer F test, Hausman test and JB test and then the multivariable regression (Eviews software) for confirmation or rejection of the hypothesis of the research has been used. The results show that the different investor behaviour consisting of the trading value of capital, investors net business flow and the investor trading volume share has a considerable impact on the volatility of the stock exchange.
关键词：Market volatility;different investor behavior;trading value of the capital;net business flow.