Measuring the Effecting Behaviors Finance Factors on Investment Decision Making/

Analytical study at private universities at Kurdistan Region

توێژەران

  • Ammar Waleed Mohammed Department of Accounting, College of Administration and Financial Sciences, Knowledge University, Kirkuk Road, 44001 Erbil, Kurdistan Region, Iraq

##semicolon##

https://doi.org/10.25212/lfu.qzj.8.5.44

##semicolon##

Behavior Factors, investment, Overconfidence, Risk Aversion, Choice Architecture.

پوختە

The investment is the economy pillar in any country, so there are some factors the investors need to know about it to be courage for investment in any sector with the many existing risks in every investment.

In this paper we offer some finance behaviors factors that effect on decision making in investment and how that factors  effect on the selective behavior to decide which investments are the best. We distributed about 100 questioners to the Cihan University and Knowledge University academic staff and we received 88, so the sample of the research is 88 individuals. The aim we look for its testing the hypothesis and give some theoretical framework and give the results of this paper

##plugins.generic.usageStats.downloads##

##plugins.generic.usageStats.noStats##

سەرچاوەکان

Avram E. L. et al. (2009) Investment decision and its appraisal, DAAAM International, Vienna, Austria, EU, 2009, Vol. 20, No. 1, p. 1905-1906

Barberis, N., & Thaler, R. (2005). Advances in behavioral finance, volume II.

Dangol, J., & Manandhar, R. (2020). Impact of Heuristics on Investment Decisions: The Moderating Role of Locus of Control. Journal of Business and Social Sciences Research, 5(1), 1-14.

Duxbury, D. (2015). Behavioral finance: insights from experiments II: biases, moods and emotions. Review of Behavioral Finance.

Evans, D. A. (2006). Subject perceptions of confidence and predictive validity in financial information cues. The Journal of Behavioral Finance, 7(1), 12-28.

Farooq, A., & Sajid, M. (2015). Factors affecting investment decision making: Evidence from equity fund managers and individual investors in Pakistan. Research Journal of Finance and Accounting, 6(9), 2222-1697.

Fieger, J. (2017). Behavioral finance and its impact on investing. acceptance of senior honors thesis, 43.

Hirshleifer, D., & Teoh, S. H. (2003). Herd behavior and cascading in capital markets: A review and synthesis. European Financial Management, 9(1), 25–66.

Humra, Y. A. S. H. B. A. (2014). Behavioral finance: An introduction to the principles governing investor behavior in stock markets. International Journal of Financial Management, 5(2), 23-30.

Javed, M. A., & Marghoob, S. (2017). The effects of behavioral factors in investment decision making at Pakistan stock exchanges. Journal of Advanced Research in Business and Management Studies, 7(1), 103-114.

Kahneaman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision making under risk. Econometrica, 47(3), 63-91.

Kartini, K., & NAHDA, K. (2021). Behavioral biases on investment decision: A case study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(3), 1231-1240.

Kengatharan, L., & Kengatharan, N. (2014). The influence of behavioral factors in making investment decisions and performance: study on investors of Colombo stock exchange, Sri Lanka. Asian Journal of Finance & Accounting, 6(1), 1. https://doi.org/10.5296/ajfa.v6i1.4893

Khan, I., Afeef, M., Adil, M., & Ullah, W. (2021). Behavioral factors influencing investment decisions of institutional investors: Evidence from asset management industry in Pakistan. Ilkogretim Online, 20(2).

Linde, K., & Willich, S. N. (2003). How objective are systematic reviews? Differences between reviews on complementary medicine. Journal of the royal society of medicine, 96(1), 17-22.

Lourrine, A., & Nairobi, O. (2017). Behavioural factors that influence individual investment decisions at the nairobi securities exchange. The School of Business University of Nairobi.

Mahmood, Z., Kouser, R., Abbas, S. S., & Saba, I. (2016). The Effect of Hueristics, Prospect and Herding Factors on Investment Performance. Pakistan Journal of Social Sciences (PJSS), 36(1).

Masomi, S. R., & Ghayekhloo, S. (2011). Consequences of human behaviors’ in Economic: the Effects of Behavioral Factors in Investment decision making at Tehran Stock Exchange. In International Conference on Business and Economics Research (Vol. 1, No. 2, pp. 234-237).

Mushinada, V. N. C., & Veluri, V. S. S. (2020). Self-attribution, overconfidence and dynamic market volatility in Indian stock market. Global Business Review, 21(4), 970-989.

Phung, T. (2016). Behavioral Factors Affecting Investment Decision-Making. The Case of Ho Chi Minh Stock Exchange (HOSE), Vietnam. Trang, TMP (2015). Behavioral Factors Affecting Investment Decision-Making. The Case of Ho Chi Minh Stock Exchange (Hose), Vietnam. Journal of Transportation Science and Technology, 14(2), p106-110.

Pokharel, P. R. (2020). Behavioral Factors and Investment Decision: A Case of Nepal. Available at SSRN 3687104.

Pokharel, P. R. (2020). Behavioral factors and investment decision: A case of Nepal. Available at SSRN 3687104.

Qureshi, S. A., Rehman, K., Hunjra, A. I., Rehman, K. U., & Ali Qureshi, S. (2012). Factors affecting investment decision making of equity fund managers. Wulfenia Journal, 19 (10), 280–291.

Rahayu, S., Rohman, A., & Harto, P. (2020). Herding behavior model in investment decision on Emerging Markets: Experimental in Indonesia. Journal of Asian Finance, Economics, and Business, 8(1), 53–59. https://doi. org/10.13106/jafeb.2021.vol8.no1.053

Shah, S. F., Alshurideh, M., Kurdi, B. A., & Salloum, S. A. (2020, October). The Impact of the behavioral factors on investment decision-making: a systemic review on financial institutions. In International Conference on Advanced Intelligent Systems and Informatics (pp. 100-112). Springer, Cham.

Shahid, M. N., Aftab, F., Latif, K., & Mahmood, Z. (2018). Behavioral finance, investors’ psychology and investment decision making in capital markets: an evidence through ethnography and semi-structured interviews. Asia Pacific J. Emerg. Mark, 2(1), 14.

Virlics, A. (2013). Investment decision making and risk. Procedia Economics and Finance, 6, 169-177.

Wang, B. F. (2012). Attitudes and behavior in everyday finance: evidence from switzerland. Emerald international journal of bank marketing, 108-128.

Waweru, N. M., Uliana, E. O., & Munyoki, E. (2008). The effects of behavioral factors in investment decision-making: a survey of institutional investors operating at theNairobi Stock Exchange. International Journl of Business and Emerging Markets, 1(1), 24-41.

Zaidi, F. B., & Tauni, M. Z. (2012). Influence of investor’s personality traits and demographics on overconfidence bias. Institute of Interdisciplinary Business Research, 4(6), 730-746.

##submission.downloads##

بڵاو کرایەوە

2024-01-09

ژمارە

بەش

Articles