文章基本信息

标题：An Empirical Investigation on Retail Investor's perception towards derivative trading in Udaipur city
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作者：Srashti Nagori ; Ahmed Sayyed ; Rachna Singh 等
期刊名称：International Journal of Advances in Engineering and Management
电子版ISSN：2395-5252
出版年度：2020
卷号：2
期号：6
页码：129-141
DOI：10.35629/5252-02069396
语种：English
出版社：IJAEM JOURNAL
摘要：Purpose:- Derivative trading was introduced in India in the year 2000 on NSE and BSE. Since the launch of Derivatives securities, it has penetrated the Indian stock market and investors are using these securities for different purposes like risk management, profit enhancement, speculation, hedging, and arbitrage. There is a need to grab the attention of the investor's towards the derivative market and draw inferences from investor's behavior so that the derivative market can benefit and understand investor's preferences better. This study will give quantitative model reflecting the factors affecting the investor behavior in the derivative market with load factors which will not only help the asset management companies to frame their investment policy but also the macro policymakers to frame certain policy which will encourage investors to invest in the derivatives market. The study will not only help the asset management companies to frame their investment policy but also the macro policymakers to frame certain policy which will encourage investors to invest in the derivatives market. Design:-The present study has surveyed by ―Structured Questionnaire targeting the top 50 investors in Udaipur City, to know the awareness and attractiveness of different derivative products. Findings: - There is no significant effect of the educational qualification, age of investors and awareness on investor's perceptions towards derivatives. There is significant effect of the gender, income level and occupation on investor's perceptions towards derivatives. Research Limitation:-  The primary data has been collected through a structured questionnaire from a sample of only 50 investors in Udaipur City, which may not reflect the opinion of the entire population.  The Referral Sampling used for the purpose may not represent the universe and hence generalization of inference based on findings of this research may not be appropriate.  Due to a lack of awareness about derivatives, many investors may not be responded to accurately. The study is not focused on professional investors who have the expertise and invests a big amount in the stock market. Because these professional investors are less in number and they are not easily accessible.  There is always a sampling error. Investors 'response may be biased.  One of the most serious limitations concerns the fact that the investors' response comes from subjective questions and there is no way to reliably assess whether their actual behavior would mimic their answers. Originality/Value:- It is the first study which is conducted in Udaipur City and showing all the factors which affect investor’s perception.
关键词：derivatives;investor’s perception;asset management company;professional investors