Full metadata record
DC poleHodnotaJazyk
dc.contributor.authorSrinivasan, Kuppusamy
dc.contributor.authorKarthikeyan, Parthasarathy
dc.date.accessioned2024-02-03T15:21:41Z
dc.date.available2024-02-03T15:21:41Z
dc.date.issued2023
dc.identifier.citationE+M. Ekonomie a Management = Economics and Management. 2023, roč. 26, č. 4, s. 119–133.cs
dc.identifier.issn1212-3609 (print)
dc.identifier.issn2336-5064 (online)
dc.identifier.urihttp://hdl.handle.net/11025/55262
dc.format15 s.cs
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.rightsCC BY-NC 4.1en
dc.subjectheuristikacs
dc.subjectprospektová teoriecs
dc.subjectstádový efektcs
dc.subjectvlastní účinnostcs
dc.subjectindividuální investořics
dc.subjectakciový trhcs
dc.subjectinvestiční rozhodnutícs
dc.titleInvestigating self-efficacy and behavioural bias on investment decisionsen
dc.typečlánekcs
dc.typearticleen
dc.rights.accessopenAccessen
dc.type.versionpublishedVersionen
dc.description.abstract-translatedThe determinants of irrational decisions on the stock market are found in numerous empirical studies. However, self-efficacy and behavioural biases have a sturdy influence on stock market investment decisions. Behavioural biases are formed with heuristics, prospect theory and herding effect concerning stock market investments. Self-efficacy is independent of behavioural biases but is closely connected with controlling behavioural intentions in decision-making. The research was conducted to find the influence of self-efficacy and behavioural biases in the decision of stock market investment. The study was conducted with 250 individual investors and applied the SEM technique. Findings indicated that heuristics had a positive relationship with behavioural biases, but behavioural biases reported a negative relationship with the herding effect and prospect theory. Heuristics were mostly developed on the intrinsic strength of individual investors; therefore, investors believe heuristics will be a better decision-making tool than prospect theory or the herding effect. Prospect theory is shaped and influenced by regret aversion, loss aversion, self-control and mental accounting. Financial literacy, risk tolerance, and peer support profoundly develop the self-efficacy of investors to make profitable investment decisions. Self-efficacy is formed by risk tolerance, financial literacy and peer support in the stock market investment decision and identified the evidence of individual investors not making rational decisions and facing one or more behavioural biases and self-efficacy factors. The study finds the combined effect of behavioural biases and self-efficacy in stock market investment decisions, which have significant implications among individual investors, particularly in emerging markets.en
dc.subject.translatedheuristicsen
dc.subject.translatedprospect theoryen
dc.subject.translatedherding effecten
dc.subject.translatedself-efficacyen
dc.subject.translatedindividual investorsen
dc.subject.translatedstock marketen
dc.subject.translatedinvestment decisionsen
dc.identifier.doihttps://doi.org/10.15240/tul/001/2023-4-008
dc.type.statusPeer revieweden
Vyskytuje se v kolekcích:Číslo 4 (2023)
Číslo 4 (2023)

Soubory připojené k záznamu:
Soubor Popis VelikostFormát 
E+M_4_2023_08.pdfPlný text1,65 MBAdobe PDFZobrazit/otevřít
Zobrazit minimální záznam Zobrazit statistiky


Použijte tento identifikátor k citaci nebo jako odkaz na tento záznam: http://hdl.handle.net/11025/55262

Všechny záznamy v DSpace jsou chráněny autorskými právy, všechna práva vyhrazena.

hledání
navigace
  1. DSpace at University of West Bohemia
  2. Publikace ZČU / UWB Publications
  3. Časopisy ZČU / UWB Journals
  4. Ekonomie a management
  5. 2023
  6. Číslo 4 (2023)