Behavioral Factors Affecting Investment Decision-Making. The Case of Ho Chi Minh Stock Exchange (HOSE), Vietnam

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Behavioral Factors Affecting Investment Decision-Making. The Case of Ho Chi Minh Stock Exchange (HOSE), Vietnam by : Trang Phung

Download or read book Behavioral Factors Affecting Investment Decision-Making. The Case of Ho Chi Minh Stock Exchange (HOSE), Vietnam written by Trang Phung and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral finance encompasses human behaviors in finance and has not been studied extensively in Vietnam. Behavioral finance theories, which are based on human psychology, attempt to understand how emotions and cognitive errors influence individual investors' behaviors (investors mentioned in this study are referred to as individual investors). The main objective of this study is to explore the behavioral factors influencing individual investors' decisions which were measured by their return achieved. The study proposed to research six behavioral factors including representativeness, mental accounting bias, gambler's fallacy, availability bias, herd behavior and over-under reaction. The results showed that representativeness, gambler's fallacy and over-under reaction influenced their investment decisions. Representativeness and over-under reaction had positive impacts, gambler's fallacy had negative impacts and representativeness positively influenced the investment decision at the highest level.

Behavioural Investing

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Publisher : Trafford Publishing
ISBN 13 : 1466998970
Total Pages : 93 pages
Book Rating : 4.4/5 (669 download)

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Book Synopsis Behavioural Investing by : Pauline Yong

Download or read book Behavioural Investing written by Pauline Yong and published by Trafford Publishing. This book was released on 2013-07-16 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: What drives investor behaviour? We would all like to think we always behave rationally but in reality we are often swayed by emotions. Most financial theories are based on the idea that everyone takes careful account of all available information before making investment decisions. However, researchers have uncovered a surprisingly large amount of evidence that this is not the case. Dozens of examples of irrational behaviour and repeated errors in judgement have been documented in academic studies. This book gives plenty of examples of investment mistakes, and analyses them from a Behavioural Finance perspective. Behavioural Finance is the study of the influence of psychology on the behaviour of investors and their subsequent effect on the markets. It combines the discipline of psychology and economics to explain why and how people make irrational or illogical decisions when they make investment decisions.

Behavioural Factors and Stock Investment Decision Making. The Moderating Role of Gender

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Behavioural Factors and Stock Investment Decision Making. The Moderating Role of Gender by : Meerakkuddy Siraji

Download or read book Behavioural Factors and Stock Investment Decision Making. The Moderating Role of Gender written by Meerakkuddy Siraji and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this study is to investigate the impact of most commonly used behvioural factors namely anchoring, disposition effect, home bias, herding, overconfidence and the risk perception on investment decision making and to check that either gender interact with the said relations through theoretical proposal and then verification through empirical evidence of individual investor's stock investment decision making at Colombo Stock Exchange (CSE).For this purpose, the primary data were collected from 405 individual investors through listed stockbrokers at the Colombo Stock Exchange and analysed using Confirmatory Factor Analysis (CFA) and Structure Equation Modelling (SEM). The survey evidence shows that, of six behavioural factors, viz, anchoring, disposition effect, overconfidence and risk perception influenced the investment decision making of individual investors. It further explores that gender has a significant moderation with respect to anchoring, disposition effect, herding, overconfidence, risk perception, and stock investment decision making. This study is first of its kind to quantify the moderating effect of male and female differences of irrationality caused by behavioural factors on stock investment decision making. The results of this study are basically useful for individual investors, investment managers, and also for policymakers.

Psychological Factors and Investment Decision Making

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ISBN 13 :
Total Pages : 19 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Psychological Factors and Investment Decision Making by : Ahmed Imran Hunjra

Download or read book Psychological Factors and Investment Decision Making written by Ahmed Imran Hunjra and published by . This book was released on 2018 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the current days, behavioral finance, a new financial sub discipline has ignited a wave in explaining the investment decisions behavioral aspects and is becoming a necessary part of the decision making process because of its great impact on decision making behavior of investors'. The current study aim is to check the questionnaire validity which is used to measure the main determinants of decision-making of investment such as Propensity of Risk, Framing of Problem, Information Asymmetry, and Perception of Risk. 100 investors from Islamabad Stock Exchange depending upon their expert opinion were requested to rate the 39 items initial scale. By using AMOS version 16, after applying confirmatory factor analysis, the instrument of twenty two items is finalized. Future research may be conducted to test the model by using the data collected by this refined instrument in Pakistani Scenario.

An Empirical Analysis of the Behavioural Factors Affecting Individual Investment Decisions

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis An Empirical Analysis of the Behavioural Factors Affecting Individual Investment Decisions by : Shilpi

Download or read book An Empirical Analysis of the Behavioural Factors Affecting Individual Investment Decisions written by Shilpi and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Behaviour finance is an evolving field that studies how behavioural factors affect investment decision making by the individuals. This study attempts to identify the behavioural factors that influence investment decisions of the investors. Hypotheses were formulated to study the behavioural factors and the variation in these factors across different demographic variables. Behavioural factors such as herd behaviour, overconfidence were identified using factor analysis. Socially responsible investing is a new form of investing. Awareness among the investors about socially responsible investing was also assessed separately in the study. Socially responsible investing (SRI) is any investment strategy which seeks to consider both financial return and social good while making investment decisions.

Determining the Factors Affecting Individual Investors' Behaviours

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ISBN 13 :
Total Pages : 16 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Determining the Factors Affecting Individual Investors' Behaviours by : Sevilay USLU DİVANOĞLU

Download or read book Determining the Factors Affecting Individual Investors' Behaviours written by Sevilay USLU DİVANOĞLU and published by . This book was released on 2019 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral finance is precisely non-rational behavior of market investors. Behavioral finance theory shows that investors make investment decisions rationally, by intermittent change from the past and that investment decisions can be taken under the influence of some psychological factors. This theory shows how human behaviors are effective in the functioning of investment decisions and that investment decisions can be made in nonrational behaviors. People are determined to invest under the influence of emotions and personal intuitions with models based on rational behavior and investment behaviors. Whether individuals are rational in the economic decision-making process is one of the key points of debate and it seems quite complex to be able to demonstrate this. This study will focus on individuals (investors), one of the economic decision makers. Socio-economic factors, as well as psychological factors, influence the risk that investors perceive in the decision-making process of individual investors. The purpose of this study is to identify stimuli that affect individual investors' drivers of financial investment decisions and to consider it in terms of behavioral finance. For this purpose, an individual investor questionnaire has been determined in the field which has previously been validated and reliable. This questionnaire was applied to 200 employees working in private and public banks operating in Aksaray and 177 people were provided feedback. In the case of Aksaray, it has been determined which stimulants are under the influence of predictions, estimates, emotions, personal intuitions, psychological and sociological behaviors of investment decision-making individuals.

The Biases Influencing an Investor's Behavior in India

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis The Biases Influencing an Investor's Behavior in India by : Soumita De

Download or read book The Biases Influencing an Investor's Behavior in India written by Soumita De and published by . This book was released on 2016 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to investigate the impact of behavioral biases on the investor's financial decision making with special focus on three biases, namely confirmation bias, loss aversion and endowment bias. Investors are always assumed to be rational thinkers as per the traditional economic theories but the volatile market behavior has challenged the efficient market hypothesis. Behavioral finance is a newly developed approach in response to the difficulties faced by the traditional investors. Investment markets are becoming increasingly risky making the investors behave differently upon different market dynamic forces. Recent researches on individual investor's behavior have shown that people do not act rationally while making decisions, rather several factors influence their decisions whether it is related to stock market or personal financial investments. It is necessary to understand the major cause of irrationality in the markets. Empirical data has been collected through administrating a questionnaire and this data is used to investigate whether investors' decision making is affected by the three biases. The study with the help of graphical representation of the data and proportionality Chi square analysis (goodness of fit) using SPSS software concludes that the biases have a direct impact on the decisions taken by the investors. This paper attempts to have an insight about the key factors influencing the behavior of the investors with respect to the demographics in relation to the investments and their personal financial decision making process. The findings of this study will be useful for investors to understand the common behaviors, identify their reactions while taking decisions for better returns and take corrective measures to not fall into the trap of the behavioral bias. It is also helpful for the financial planners to device suitable asset allocation strategies for their clients.

Recent Developments In Vietnamese Business And Finance

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Publisher : World Scientific
ISBN 13 : 9811227160
Total Pages : 808 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Recent Developments In Vietnamese Business And Finance by : Dong Phong Nguyen

Download or read book Recent Developments In Vietnamese Business And Finance written by Dong Phong Nguyen and published by World Scientific. This book was released on 2021-02-10 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent Developments in Vietnamese Business and Finance, is the first volume in the series titled Vietnam and the Global Economy. This edited volume is a collection of papers presented at the International Conference on Business and Finance (ICBF) 2019, organized by the Institute of Business Research (IBR), University of Economics Ho Chi Minh City, Vietnam, and focuses on recent issues in business and finance with Vietnam as the main focus of study. The book covers various issues from innovation to gender equality and the banking sector, with analyses on the policies and managerial implications.

Behavioral Finance

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Publisher : John Wiley & Sons
ISBN 13 : 0470769688
Total Pages : 1184 pages
Book Rating : 4.4/5 (77 download)

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Book Synopsis Behavioral Finance by : H. Kent Baker

Download or read book Behavioral Finance written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2010-10-01 with total page 1184 pages. Available in PDF, EPUB and Kindle. Book excerpt: A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Multi-Asset Risk Modeling

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Publisher : Academic Press
ISBN 13 : 0124016944
Total Pages : 545 pages
Book Rating : 4.1/5 (24 download)

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Book Synopsis Multi-Asset Risk Modeling by : Morton Glantz

Download or read book Multi-Asset Risk Modeling written by Morton Glantz and published by Academic Press. This book was released on 2013-12-03 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: Multi-Asset Risk Modeling describes, in a single volume, the latest and most advanced risk modeling techniques for equities, debt, fixed income, futures and derivatives, commodities, and foreign exchange, as well as advanced algorithmic and electronic risk management. Beginning with the fundamentals of risk mathematics and quantitative risk analysis, the book moves on to discuss the laws in standard models that contributed to the 2008 financial crisis and talks about current and future banking regulation. Importantly, it also explores algorithmic trading, which currently receives sparse attention in the literature. By giving coherent recommendations about which statistical models to use for which asset class, this book makes a real contribution to the sciences of portfolio management and risk management. Covers all asset classes Provides mathematical theoretical explanations of risk as well as practical examples with empirical data Includes sections on equity risk modeling, futures and derivatives, credit markets, foreign exchange, and commodities

Econometrics for Financial Applications

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Publisher : Springer
ISBN 13 : 3319731505
Total Pages : 1089 pages
Book Rating : 4.3/5 (197 download)

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Book Synopsis Econometrics for Financial Applications by : Ly H. Anh

Download or read book Econometrics for Financial Applications written by Ly H. Anh and published by Springer. This book was released on 2017-12-18 with total page 1089 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses both theoretical developments in and practical applications of econometric techniques to finance-related problems. It includes selected edited outcomes of the International Econometric Conference of Vietnam (ECONVN2018), held at Banking University, Ho Chi Minh City, Vietnam on January 15-16, 2018. Econometrics is a branch of economics that uses mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable economic performance. An extremely important part of economics is finances: a financial crisis can bring the whole economy to a standstill and, vice versa, a smart financial policy can dramatically boost economic development. It is therefore crucial to be able to apply mathematical techniques of econometrics to financial problems. Such applications are a growing field, with many interesting results – and an even larger number of challenges and open problems.

Beyond Traditional Probabilistic Methods in Economics

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Publisher : Springer
ISBN 13 : 3030042006
Total Pages : 1157 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis Beyond Traditional Probabilistic Methods in Economics by : Vladik Kreinovich

Download or read book Beyond Traditional Probabilistic Methods in Economics written by Vladik Kreinovich and published by Springer. This book was released on 2018-11-24 with total page 1157 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents recent research on probabilistic methods in economics, from machine learning to statistical analysis. Economics is a very important – and at the same a very difficult discipline. It is not easy to predict how an economy will evolve or to identify the measures needed to make an economy prosper. One of the main reasons for this is the high level of uncertainty: different difficult-to-predict events can influence the future economic behavior. To make good predictions and reasonable recommendations, this uncertainty has to be taken into account. In the past, most related research results were based on using traditional techniques from probability and statistics, such as p-value-based hypothesis testing. These techniques led to numerous successful applications, but in the last decades, several examples have emerged showing that these techniques often lead to unreliable and inaccurate predictions. It is therefore necessary to come up with new techniques for processing the corresponding uncertainty that go beyond the traditional probabilistic techniques. This book focuses on such techniques, their economic applications and the remaining challenges, presenting both related theoretical developments and their practical applications.

Accounting Disclosure and Real Effects

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Publisher : Now Publishers Inc
ISBN 13 : 1601980620
Total Pages : 105 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Accounting Disclosure and Real Effects by : Chandra Kanodia

Download or read book Accounting Disclosure and Real Effects written by Chandra Kanodia and published by Now Publishers Inc. This book was released on 2007 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kanodia presents a new approach to the study of accounting measurement that argues that how firms' economic transactions, earnings, and capital flows are measured and reported to the capital markets has substantial effects on the firms' real decisions and on the allocation of resources.

ESG Investment

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Publisher : Brookings Institution Press
ISBN 13 : 4899742061
Total Pages : 0 pages
Book Rating : 4.8/5 (997 download)

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Book Synopsis ESG Investment by : Naoko Nemoto

Download or read book ESG Investment written by Naoko Nemoto and published by Brookings Institution Press. This book was released on 2020-02-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors are increasingly integrating environmental, social, and governance (ESG) issues into their investment decisions. Currently, more than half of managed assets in Europe are linked to ESG factors, while in Japan, ESG investment has grown dramatically in recent years. In principle, ESG investment can help to bridge the gap between profit-driven investment and economic and social sustainability in Asia and the Pacific. However, a number of challenges, such as unclear and varied sustainable investment criteria, untested impacts on corporate value and social issues, and the lack of quality data cloud the potential for increasing ESG investment. This book aims to contribute to developing a framework for future analysis and monitoring to ensure the growth of ESG investment.

Entrepreneurial Finance at the Dawn of Industry 4.0

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Publisher : MDPI
ISBN 13 : 3039435973
Total Pages : 108 pages
Book Rating : 4.0/5 (394 download)

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Book Synopsis Entrepreneurial Finance at the Dawn of Industry 4.0 by : Quan-Hoang Vuong

Download or read book Entrepreneurial Finance at the Dawn of Industry 4.0 written by Quan-Hoang Vuong and published by MDPI. This book was released on 2020-12-04 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The advent of the fourth industrial revolution, Industry 4.0, brings about both opportunities and challenges that are likely to set developed economies even farther apart from emerging economies. This book, through the perspective of researchers in the emerging markets, presents analyses on a number of issues important to entrepreneurial finance, such as debt financing, mergers and acquisitions, stock market efficiency, resource allocation and consumption, and sustainable development. It aims at improving our understanding of the financing needs as well as the financial risks involved in entrepreneurial endeavors in less developed settings in the new era.

Money and Banking

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Publisher : Houghton Mifflin College Division
ISBN 13 : 9780618161263
Total Pages : 201 pages
Book Rating : 4.1/5 (612 download)

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Book Synopsis Money and Banking by : Dean Croushore

Download or read book Money and Banking written by Dean Croushore and published by Houghton Mifflin College Division. This book was released on 2006-04 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by the author, the study guide offers learning objectives, chapter summaries, and reviews, as well as a variety of true/false and multiple-choice exercises, worked problems, and practice problems with solutions.

Contemporary Issues in Business and Economics

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Publisher : MDPI
ISBN 13 : 3039360949
Total Pages : 246 pages
Book Rating : 4.0/5 (393 download)

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Book Synopsis Contemporary Issues in Business and Economics by : Chia-Lin Chang

Download or read book Contemporary Issues in Business and Economics written by Chia-Lin Chang and published by MDPI. This book was released on 2020-07-01 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of high-impact papers accepted and presented at the 2019 Vietnam’s Business and Economics Research Conference (VBER2019) organised by Ho Chi Minh City Open University held on 18th–20th July 2019. The Special Issue is associated with a broad coverage of the contemporary issues in Business and Economics in Vietnam and other emerging markets reflecting a key theme of VBER2019: Vietnam’s Place in the Asia Pacific Region. A total of 14 papers were published from more than the 120 submissions to the VBER2019 Conference. Published papers had been undergone a rigorous reviewing process conducted by the Journal of Risk and Financial Management. The papers incorporated in this book address contemporary issues in business and economics from Vietnam and other emerging markets in the Asian region from various angles such as economics, finance, and statistics to management science. At the time of writing this note, some of the papers have attracted more than 1000 downloads in 3 months. In particular, a paper on “Foreign Direct Investment and Economic Growth from Developing Countries in the Short Run and Long Run” by Trang Thi-Huyen Dinh and her team has attracted almost 6000 downloads in 3 months. These statistics indicate that the papers published in this Special Issue have attracted the wide interest of readers. Among these 14 published papers, three main areas of important contemporary issues in Business and Economics in the Asian region can be identified. First, a block of papers deals with various important and fundamental issues in the emerging markets the Asian region, from exchange rate regime, financial inclusion, and financial development to energy consumption and environmental degradation. On the issue of CO2 emissions, energy consumption and economic growth in the ASEAN, Vo, Vo, and Le utilized various time series econometrics approaches. Key findings from this paper indicate that there are no long-run relationships among carbon dioxide (CO2) emissions, energy consumption, renewable energy, population growth, and economic growth in the Philippines and Thailand, but a relationship does exist in Indonesia, Myanmar, and Malaysia. Loo, in his paper on financial inclusion for the ASEAN, concluded that advancing internet capability and availability present investors an opportunity to offer financial technology or Fintech to meet the need for financial services in this digital era. Second, a challenge in quantitative studies for a single country, such as Vietnam, with limited data is generally noted. However, various empirical studies on Vietnam’s business and economics issues have been conducted. Nguyen, Quan, and Pham examined the cultural distance and entry mode of foreign direct investment in Vietnam. A key finding from their paper is that when there is a great cultural difference between Vietnam and their home country, foreign-invested firms prefer wholly owned subsidiaries over equity joint ventures. Within the Vietnamese market, Pham, Vo, Ho, and McAleer conducted a study on the issue of corporate financial distress. The authors conclude that the corporate financial distress prediction model, which includes accounting factors with macroeconomic indicators, performs much better than alternative models. In addition, the evidence confirms that the global financial crisis (GFC) had a damaging impact on each sector, with the Health & Education sector demonstrating the most impressive recovery post-GFC, and the utilities sector recording a dramatic increase in bankruptcies post-GFC. At another extreme of the spectrum, Van and Nguyen considered that competitive context, social influences, the understanding of managers about corporate social responsibility (CSR), and the internal environment of companies are the four drivers of CSR. The authors also argued that in the four drivers, competitive context has the strongest impact on adopting CSR. Third, last but not least, various papers focus on an important aspect of public finance. For an example, Pham, Pham, and Ly documented the effect of double taxation treaties on the bilateral trade of Vietnam with ASEAN member states, thereby making an extensive comparison with its EU partner countries. Their findings indicate the significant contributions of the tax treaties to Vietnam’s trade performance, not exclusively with ASEAN but also with EU partner countries. In addition, regarding public finance for Vietnam, Nguyen, Vo, Ho, and Vo investigated the contribution of fiscal decentralisation to economic growth across provinces in Vietnam. For the first time in Vietnam, the fiscal decentralisation index together its two subcomponents, including fiscal importance and fiscal autonomy, are developed. Findings from this paper indicate that while fiscal importance and an overall level of fiscal decentralisation have provided negative impact on provincial economic growth, fiscal autonomy has a positive impact on economic growth across provinces in Vietnam.