Cover Image

A Study of investor behavior in purchasing financial assets

This study investigated whether the process of purchasing financial assets follows a rational decision-making process using Engel-Blackwell-Miniard (EBM) model. The method of investigation was a questionnaire survey of Malaysian individual investors. The sample consisted of 223 responses collecte...

Full description

Saved in:
Bibliographic Details
Main Authors: Ruhani Ali,, Jiang, Haibing
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2014
Online Access:http://journalarticle.ukm.my/7805/1/00000004.PDF
http://journalarticle.ukm.my/7805/
Tags: Add Tag
No Tags, Be the first to tag this record!
id my-ukm.journal.7805
record_format eprints
spelling my-ukm.journal.78052016-12-14T06:45:15Z http://journalarticle.ukm.my/7805/ A Study of investor behavior in purchasing financial assets Ruhani Ali, Jiang, Haibing This study investigated whether the process of purchasing financial assets follows a rational decision-making process using Engel-Blackwell-Miniard (EBM) model. The method of investigation was a questionnaire survey of Malaysian individual investors. The sample consisted of 223 responses collected through convenience sampling and online survey. The data was analyzed using factor analysis, reliability analysis, path analysis, and multivariate analysis of variance. The results show that investors' decision-making process of purchasing financial assets is in line with a rational decision-making process in EBM Model. However, the tendency for irrational investment behaviors also exists at the same time. The findings imply that irrational investment behaviors may still occur even though the decision-making process is rational. We also found significant differences in the tendencies for herding, disposition effect and over-confidence based on gender and age. Penerbit Universiti Kebangsaan Malaysia 2014 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7805/1/00000004.PDF Ruhani Ali, and Jiang, Haibing (2014) A Study of investor behavior in purchasing financial assets. Journal of Finance & Financial Services, 1 (1). pp. 55-70. ISSN 2289-6597 -
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description This study investigated whether the process of purchasing financial assets follows a rational decision-making process using Engel-Blackwell-Miniard (EBM) model. The method of investigation was a questionnaire survey of Malaysian individual investors. The sample consisted of 223 responses collected through convenience sampling and online survey. The data was analyzed using factor analysis, reliability analysis, path analysis, and multivariate analysis of variance. The results show that investors' decision-making process of purchasing financial assets is in line with a rational decision-making process in EBM Model. However, the tendency for irrational investment behaviors also exists at the same time. The findings imply that irrational investment behaviors may still occur even though the decision-making process is rational. We also found significant differences in the tendencies for herding, disposition effect and over-confidence based on gender and age.
format Article
author Ruhani Ali,
Jiang, Haibing
spellingShingle Ruhani Ali,
Jiang, Haibing
A Study of investor behavior in purchasing financial assets
author_facet Ruhani Ali,
Jiang, Haibing
author_sort Ruhani Ali,
title A Study of investor behavior in purchasing financial assets
title_short A Study of investor behavior in purchasing financial assets
title_full A Study of investor behavior in purchasing financial assets
title_fullStr A Study of investor behavior in purchasing financial assets
title_full_unstemmed A Study of investor behavior in purchasing financial assets
title_sort study of investor behavior in purchasing financial assets
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2014
url http://journalarticle.ukm.my/7805/1/00000004.PDF
http://journalarticle.ukm.my/7805/
_version_ 1643737252651597824
score 13.211869

Similar Items