Investors' trading activity: a behavioural perspective

Kourtidis, Dimitrios; Šević, Željko; Chatzoglou, Prodromos D.

doi:10.1504/ijtgm.2010.030408

Cited by 4 publications

(3 citation statements)

References 63 publications

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“…Behavioural finance literature has developed a number of concepts that explain investment behaviour (Bailey, 2012; Nofsinger, 2007; McGraw et al , 2010; Kourtidis et al , 2010). This paper reviews some of the most significant and reliably measurable factors of behavioural finance, such as over-confidence, risk tolerance and sociability.…”

Section: Introductionmentioning

confidence: 99%

The role of personality traits in investors trading behaviour: empirical evidence from Greek

Kourtidis

Chatzoglou

Šević

2017

IJSE

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Purpose The purpose of this paper is to examine whether, and to what extent, specific personality traits drive investors’ trading behaviour. Design/methodology/approach This study investigates these assumptions in an innovative way by employing an integrated model and using structural equation modelling analysis to examine them simultaneously as they would occur in the complex real world environment. Findings The results provide strong evidence that these personality traits influence investors’ trading behaviour and stock trading performance. The most powerful relationships are found to be those between over-confidence and stock trading volume, frequency and performance. Originality/value To the best of the authors’ knowledge there is no any similar study. This paper is the authors’ original unpublished work and it has not been submitted to any other journal for reviews.

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Section: Introductionmentioning

confidence: 99%

The role of personality traits in investors trading behaviour: empirical evidence from Greek

Kourtidis

Chatzoglou

Šević

2017

IJSE

Self Cite

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“…The former usually studies institutional investors, and the latter mainly concerns the individual investors. The original intention of focusing on Behavioral Finance theories was to explain stock market anomalies and market bubbles and crashes in order to increase the efficiency of financial markets by applying psychology and other social science theories [ 8 ]. In the course of this research, scholars observed personal characteristics and behaviors from the perspective of an investment effect.…”

Section: Literature Reviewsmentioning

confidence: 99%

Individual investment decision behaviors based on demographic characteristics: Case from China

Lan

Xiong

2018

PLoS ONE

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Predicting and analyzing behaviors of investors is of great value to financial institutions. This paper uses survey data from about 9,000 individual investors across China to explore the predictability of decision behaviors by studying demographic characteristics that are relatively easy to obtain. After applying Pearson’s chi-squared test, Spearman rank correlation test, and several data mining methods, we verified that demographic characteristics are closely linked to decision behaviors, and it would be an economical and feasible solution for financial organizations to build initial behavioral prediction models especially when investors’ behavioral data are insufficient.

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“…Those with high Agreeableness scores are significantly less likely to be overconfident. This may partially explain the negative relationship between Agreeableness and risk tolerance is a potential mechanism in the relationship between personality traits (Kourtidis et al, 2010).…”

Section: Potential Mechanisms Between Personality and Riskmentioning

confidence: 98%

Beyond X and Y Chromosomes: Exploring Biopsychosocial and Environmental Factors of Gendered Differences in Household Finances

Harlan¹

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Investors' trading activity: a behavioural perspective

Cited by 4 publications

References 63 publications

The role of personality traits in investors trading behaviour: empirical evidence from Greek

The role of personality traits in investors trading behaviour: empirical evidence from Greek

Individual investment decision behaviors based on demographic characteristics: Case from China

Beyond X and Y Chromosomes: Exploring Biopsychosocial and Environmental Factors of Gendered Differences in Household Finances

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