This study examines the behavioural and personality factors in the investment of public officials. Investment Decision Making (IDM) of the individual investors may be rational or irrational and here the study focused on the irrational IDM. The influence of eight types of behavioural biases and Big five personality traits (BFPT) on irrational IDM are studied along with mediation effect. Significant findings of the study are that BFPT and Behavioural biases pointedly influence public officials' Irrational IDM. Personality traits have a mediating role in behavioural bias and irrational decisions. The results suggest that personality traits and Behavioural biases are key in investment decisions and the investor education and awareness programmes are vital in overcoming the biases and lead to rational decisions.
Financial management’s key objective is to enrich capital structure and financial decisions. The vital issue during capital structure decision-making is determining a firm’s proper balance of owed and owned capital. One globally accepted issue is financial leverage, popularly known as the “Double-edged Sword”. It can maximize the shareholders’ benefit and boost the company’s financial performance and vice versa. So an effort made “to find out the impact of financial leverage on shareholders return and financial performance of Top 100 National Stock Exchange companies in India”. National Stock Exchange registered companies as per market capitalization were obtained. The Descriptive Statistics, Panel-Data Regression Analysis (Breusch-Pagan LM Test, Hausman Test) and Structural Equation Model (SEM) were analyzed from 2017 to 2021. The Outcome illustrates that DER has a positive influence on ROE, CR and NPR which relating to the “Trade-off Theory”. DER has negative impact on EPS, ICR and TATR supporting “Pecking order Theory”. The framed empirical SEM act as a theoretical contribution to the future researchers.
This study examines the behavioural and personality factors in the investment of public officials. Investment Decision Making (IDM) of the individual investors may be rational or irrational and here the study focused on the irrational IDM. The influence of eight types of behavioural biases and Big five personality traits (BFPT) on irrational IDM are studied along with mediation effect. Significant findings of the study are that BFPT and Behavioural biases pointedly influence public officials' Irrational IDM. Personality traits have a mediating role in behavioural bias and irrational decisions. The results suggest that personality traits and Behavioural biases are key in investment decisions and the investor education and awareness programmes are vital in overcoming the biases and lead to rational decisions.
Purpose: The aim of this study is to examine the impact of intellectual capital (human capital, structural capital, and employed capital) on the financial performance of listed insurance companies in the Amman Stock Exchange Theoretical framework: Intellectual capital has become increasingly important in generating value for companies, and many researchers have linked it to corporate financial performance and strategic competitive advantage. Design/methodology/approach: The study population consist of 21 insurance companies listed on the Amman Stock Exchange in Jordan during the period of 2011-2020. Intellectual capital was measured using the value added intellectual coefficient model (Pulic, 2000), and its impact on financial performance was analyzed using published financial statements of the insurance companies. Findings: The results of the study found a statistically significant positive effect of human and employed capital on financial performance as measured by the rate of return on assets and return on equity. Furthermore, the study revealed a significant positive effect of intellectual capital, specifically human capital, on financial performance measured by market value (Tobin's Q). Research, Practical & Social implications: The study suggests that insurance companies should treat intellectual capital as a strategic resource and monitor and invest in it periodically for continuous development. The study suggests building a positive organizational culture that supports intellectual capital is recommended Originality/value: This study contributes to the understanding of the relationship between intellectual capital and financial performance for the first time in the insurance industry in Amman Stock Exchange. The findings highlight the importance of managing and investing in intellectual capital as a strategic resource to enhance financial performance.
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