文章基本信息

标题：Impact of RISK on BEHAVIOURAL Biases across the Stock Market Investors: Evidence from Pakistan
其他标题：Impact of RISK on BEHAVIOURAL Biases across the Stock Market Investors: Evidence from Pakistan
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作者：Muhammad Usman Arshad
期刊名称：Research Journal of Finance and Accounting
印刷版ISSN：2222-1697
出版年度：2018
卷号：9
期号：3
页码：64-79
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The study aimed at exploring the major behavioural factors that affect the investment decision of individual investors of Lahore Stock exchange. The objective was also to gain the insight of both type of behavioural finance and standard finance and see where standard finance theories fail to address market anomalies. This research was conducted in Lahore stock exchange with the help of structured and closed ended questionnaires survey. Data was analysed using quantitative technique. The empirical investigation was carried out by using two statistical techniques. First exploratory factor analysis was used to find out the most influential factors that affect the investment decision. Then discriminant analysis is used to identify the relationship between the independent variables and dependent variables.Conclusion of this study helps the investors and broker sitting in stock exchange and new investors coming in the market. It is also helpful to others to investigate the other factors that affect the investment decision of investors. Keywords: Disposition Effect, Overconfidence, Herding, Gambler Fallacy
关键词：Disposition Effect; Overconfidence; Herding; Gambler Fallacy