2019
DOI: 10.5539/ass.v15n3p27
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Factors influencing Individual Investor Behaviour: Evidence from the Kuwait Stock Exchange

Abstract: This study investigates the effects of psychological factors on investor behaviour regarding the Kuwait Stock Exchange (KSE). These psychological factors are, namely: excessive optimism vs pessimism, herd behaviour and risk appetite. The data for this study obtained from KSE and a survey of a random sample of 398 individual investors. By using qualitative analysis and based on the theory of behavioural finance, the study findings show that herd behaviour, optimism and psychology risk have an impact on the indi… Show more

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Cited by 25 publications
(27 citation statements)
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“…According to Ajzen (2005), subjective norms are one's perception of social pressure to do or not do. Previous research states that subjective norms have a significant positive effect on interest (Abul, 2019). However, different research states that subjective norms do not affect interest (Idris & Kasmo, 2017).…”
Section: Analysis Of Investor Behavior In the Islamic Capital Market mentioning
confidence: 96%
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“…According to Ajzen (2005), subjective norms are one's perception of social pressure to do or not do. Previous research states that subjective norms have a significant positive effect on interest (Abul, 2019). However, different research states that subjective norms do not affect interest (Idris & Kasmo, 2017).…”
Section: Analysis Of Investor Behavior In the Islamic Capital Market mentioning
confidence: 96%
“…This means, even if someone does not like the behavior, he can still do it under pressure and social influence (Venkatesh and Davis 2000). Previous research states that subjective norms have a significant positive effect on interest (Abul, 2019). H5: Subjective Norms have a significant positive effect on investment interests in the Islamic capital market Influence of Interest on Investment Behavior According to Kotler & Keller (2016) interest is something that arises after receiving a stimulus.…”
Section: Effect Of Attitude On Investment Interestmentioning
confidence: 98%
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“…According to (Lan et al 2017), the factors that affect investment behaviours are composite situations, investment techniques, and more importantly the information that investors need for investment purposes. Investors who are able to effectively master market information have an advantage over others as investment knowledge will be more likely to profit (Abul 2019). The research objectives are to identify the relationship between financial status and investors' behaviours for mutual fund investment; to identify the relationship between risk taking behaviour and investors' behaviours regarding mutual funds; to identify the relationship between investment revenue and investors' behaviours regarding mutual funds; and to identify the relationship between availability of information and investors' behaviours regarding mutual funds.…”
Section: Research Problemmentioning
confidence: 99%
“…Information is important for individuals to decide on different aspects, especially for investment decisions, whereby investors make their investment decisions based on the information of the instruments, such as the company's past financial performance, the distributed dividends, and the past market share price movements (Abul 2019). There are many factors affecting the investor's decision-making, and information is an important consideration because it plays an important role in decision-making as it affects investors' consideration and decision making for investing (Sarwar and Afaf 2016).…”
Section: Availability Of Informationmentioning
confidence: 99%