Determinants of herding behaviour on financial decisions: a theory of planned behaviour

This study analyses factors that influence herding behaviour among university lecturers in Malaysia. The quantitative approach is adopted through questionnaires and the theory of Planned Behaviour is chosen to identify the significant factors that influence individuals’ herding behaviour in making a...

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Main Authors: Che Mohd Salleh, Marhanum, Mohd Nasarudin, Ahmad Fawwaz, Chowdhury, Mohammad Abdul Matin
Format: Article
Language:English
Published: World Academy of Islamic Management (WAIM) 2022
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Online Access:http://irep.iium.edu.my/101626/7/101626_Determinants%20of%20herding%20behaviour%20on%20financial%20decisions.pdf
http://irep.iium.edu.my/101626/
http://publications.waim.my/index.php/jims/article/view/209/92
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spelling my.iium.irep.1016262022-12-05T07:22:23Z http://irep.iium.edu.my/101626/ Determinants of herding behaviour on financial decisions: a theory of planned behaviour Che Mohd Salleh, Marhanum Mohd Nasarudin, Ahmad Fawwaz Chowdhury, Mohammad Abdul Matin HG3368 Islamic Banking and Finance HG4501 Stocks, investment, speculation This study analyses factors that influence herding behaviour among university lecturers in Malaysia. The quantitative approach is adopted through questionnaires and the theory of Planned Behaviour is chosen to identify the significant factors that influence individuals’ herding behaviour in making a financial decision with the sample of 125 university lecturers. The data were analysed using multiple regression analysis. Overall, attitude and behavioural control are found to have a significant influence towards individuals’ herding behaviour. The findings from this study indicate the unfavourable attitude towards herding behaviour among lecturers which lessens the possibility of engagement of individuals in financially related herding activities. Hence, behavioural control is found significantly influence the individuals’ herding behaviour. The findings elucidate the positive impact of behavioural control towards any individual’s financial decision including herding. It indicates that financial institutions that have strong marketing approaches and skills may influence individuals’ financial decision-making. World Academy of Islamic Management (WAIM) 2022-11-16 Article PeerReviewed application/pdf en http://irep.iium.edu.my/101626/7/101626_Determinants%20of%20herding%20behaviour%20on%20financial%20decisions.pdf Che Mohd Salleh, Marhanum and Mohd Nasarudin, Ahmad Fawwaz and Chowdhury, Mohammad Abdul Matin (2022) Determinants of herding behaviour on financial decisions: a theory of planned behaviour. Journal of Islamic Management Studies, 4 (2). pp. 54-67. E-ISSN 2600-7126 http://publications.waim.my/index.php/jims/article/view/209/92
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG3368 Islamic Banking and Finance
HG4501 Stocks, investment, speculation
spellingShingle HG3368 Islamic Banking and Finance
HG4501 Stocks, investment, speculation
Che Mohd Salleh, Marhanum
Mohd Nasarudin, Ahmad Fawwaz
Chowdhury, Mohammad Abdul Matin
Determinants of herding behaviour on financial decisions: a theory of planned behaviour
description This study analyses factors that influence herding behaviour among university lecturers in Malaysia. The quantitative approach is adopted through questionnaires and the theory of Planned Behaviour is chosen to identify the significant factors that influence individuals’ herding behaviour in making a financial decision with the sample of 125 university lecturers. The data were analysed using multiple regression analysis. Overall, attitude and behavioural control are found to have a significant influence towards individuals’ herding behaviour. The findings from this study indicate the unfavourable attitude towards herding behaviour among lecturers which lessens the possibility of engagement of individuals in financially related herding activities. Hence, behavioural control is found significantly influence the individuals’ herding behaviour. The findings elucidate the positive impact of behavioural control towards any individual’s financial decision including herding. It indicates that financial institutions that have strong marketing approaches and skills may influence individuals’ financial decision-making.
format Article
author Che Mohd Salleh, Marhanum
Mohd Nasarudin, Ahmad Fawwaz
Chowdhury, Mohammad Abdul Matin
author_facet Che Mohd Salleh, Marhanum
Mohd Nasarudin, Ahmad Fawwaz
Chowdhury, Mohammad Abdul Matin
author_sort Che Mohd Salleh, Marhanum
title Determinants of herding behaviour on financial decisions: a theory of planned behaviour
title_short Determinants of herding behaviour on financial decisions: a theory of planned behaviour
title_full Determinants of herding behaviour on financial decisions: a theory of planned behaviour
title_fullStr Determinants of herding behaviour on financial decisions: a theory of planned behaviour
title_full_unstemmed Determinants of herding behaviour on financial decisions: a theory of planned behaviour
title_sort determinants of herding behaviour on financial decisions: a theory of planned behaviour
publisher World Academy of Islamic Management (WAIM)
publishDate 2022
url http://irep.iium.edu.my/101626/7/101626_Determinants%20of%20herding%20behaviour%20on%20financial%20decisions.pdf
http://irep.iium.edu.my/101626/
http://publications.waim.my/index.php/jims/article/view/209/92
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score 13.211869