文章基本信息

标题：Factors influencing Individual Investor Behaviour: Evidence from the Kuwait Stock Exchange
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作者：Sadeq J. Abul
期刊名称：Asian Social Science
印刷版ISSN：1911-2017
电子版ISSN：1911-2025
出版年度：2019
卷号：15
期号：3
页码：27-39
DOI：10.5539/ass.v15n3p27
出版社：Canadian Center of Science and Education
摘要：This study investigates the effects of psychological factors on investor behaviour regarding the Kuwait Stock Exchange (KSE). These psychological factors are, namely: excessive optimism vs pessimism, herd behaviour and risk appetite. The data for this study obtained from KSE and a survey of a random sample of 398 individual investors. By using qualitative analysis and based on the theory of behavioural finance, the study findings show that herd behaviour, optimism and psychology risk have an impact on the individual investors’ decisions. However, we did not find any evidence of overconfidence behaviour’s effects on investors’ decisions. To our knowledge, KSE has been examined by several researchers without taking into consideration the effects of psychological factors on individual investor decisions. This study finds that psychological factors play a significant role in individual investors’ decisions regarding KSE. This study might contribute positively to the development of this field of research in (KSE).
关键词：behavioural finance; psychological factors influencing investors decisions; kuwait stock exchange