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The effects of behavioural factors in investment decision making at Pakistan stock exchanges

The present study is an endeavour to investigate the effect of behavioural elements such as Market Factors, Overconfidence Factor, Prospect Factors, Anchoring Factor, and Behavioural Factors on individual investors and institutional mangers in the stock exchanges of Pakistan. The study collected re...

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Main Authors: Javed, Muhammad Aslam, Marghoob, Saira
Format: Article
Language:English
Published: Akademia Baru 2017
Subjects:
HD28 Management. Industrial Management
Online Access:http://repo.uum.edu.my/25848/1/ARBMS%207%201%202017%20103%20114.pdf
http://repo.uum.edu.my/25848/
http://www.akademiabaru.com/arbms.html
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spelling my.uum.repo.258482019-04-04T06:50:10Z http://repo.uum.edu.my/25848/ The effects of behavioural factors in investment decision making at Pakistan stock exchanges Javed, Muhammad Aslam Marghoob, Saira HD28 Management. Industrial Management The present study is an endeavour to investigate the effect of behavioural elements such as Market Factors, Overconfidence Factor, Prospect Factors, Anchoring Factor, and Behavioural Factors on individual investors and institutional mangers in the stock exchanges of Pakistan. The study collected response from 50 equity managers of investment banks and investment companies that invest in Islamabad, Karachi and Lahore Stock Exchanges via adapted questionnaire. The individual investor plays a vital role in the stock market because of their good savings. The regulators of the stock market cannot ignore the behaviour of individual investors. Many individuals find investments to be fascinating because they can participate in the decision making process and see the results of their choice. Not all investments will be profitable, as investors’ whims not always result in fruitful returns. Recent studies on the behaviour of individual investors’ have shown that investors do not act in a rational manner. Several behavioural factors influence their investment decisions in stock markets. The current study practiced descriptive statistics, reliability, regression and correlation analysis. Investment triumph fits with best approach to investment decision making not with irrational investment behaviour on instant accessible information. Behavioural finance has given a unique opportunity to explore the effects of behavioural factors on investment decision-making process. The outcomes of the study exhibit that independent variables i.e. Market Factors, Overconfidence Factor, Prospect Factors, Anchoring Factor and Behavioural Factors is important for dependent variable Investment Decision Making. Akademia Baru 2017 Article PeerReviewed application/pdf en http://repo.uum.edu.my/25848/1/ARBMS%207%201%202017%20103%20114.pdf Javed, Muhammad Aslam and Marghoob, Saira (2017) The effects of behavioural factors in investment decision making at Pakistan stock exchanges. Journal of Advanced Research in Business and Management Studies, 7 (1). pp. 103-114. ISSN 2462-1935 http://www.akademiabaru.com/arbms.html
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutionali Repository
url_provider http://repo.uum.edu.my/
language English
topic HD28 Management. Industrial Management
spellingShingle HD28 Management. Industrial Management
Javed, Muhammad Aslam
Marghoob, Saira
The effects of behavioural factors in investment decision making at Pakistan stock exchanges
description The present study is an endeavour to investigate the effect of behavioural elements such as Market Factors, Overconfidence Factor, Prospect Factors, Anchoring Factor, and Behavioural Factors on individual investors and institutional mangers in the stock exchanges of Pakistan. The study collected response from 50 equity managers of investment banks and investment companies that invest in Islamabad, Karachi and Lahore Stock Exchanges via adapted questionnaire. The individual investor plays a vital role in the stock market because of their good savings. The regulators of the stock market cannot ignore the behaviour of individual investors. Many individuals find investments to be fascinating because they can participate in the decision making process and see the results of their choice. Not all investments will be profitable, as investors’ whims not always result in fruitful returns. Recent studies on the behaviour of individual investors’ have shown that investors do not act in a rational manner. Several behavioural factors influence their investment decisions in stock markets. The current study practiced descriptive statistics, reliability, regression and correlation analysis. Investment triumph fits with best approach to investment decision making not with irrational investment behaviour on instant accessible information. Behavioural finance has given a unique opportunity to explore the effects of behavioural factors on investment decision-making process. The outcomes of the study exhibit that independent variables i.e. Market Factors, Overconfidence Factor, Prospect Factors, Anchoring Factor and Behavioural Factors is important for dependent variable Investment Decision Making.
format Article
author Javed, Muhammad Aslam
Marghoob, Saira
author_facet Javed, Muhammad Aslam
Marghoob, Saira
author_sort Javed, Muhammad Aslam
title The effects of behavioural factors in investment decision making at Pakistan stock exchanges
title_short The effects of behavioural factors in investment decision making at Pakistan stock exchanges
title_full The effects of behavioural factors in investment decision making at Pakistan stock exchanges
title_fullStr The effects of behavioural factors in investment decision making at Pakistan stock exchanges
title_full_unstemmed The effects of behavioural factors in investment decision making at Pakistan stock exchanges
title_sort effects of behavioural factors in investment decision making at pakistan stock exchanges
publisher Akademia Baru
publishDate 2017
url http://repo.uum.edu.my/25848/1/ARBMS%207%201%202017%20103%20114.pdf
http://repo.uum.edu.my/25848/
http://www.akademiabaru.com/arbms.html
_version_ 1644284442658734080
score 13.211869

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