Purpose: The primary goal of this study is to look at the behavioral factors that influence an individual's decision to invest in the Pakistan Stock Exchange (PSX).Design/methodology/approach: Existing behavioral finance theories serve as a foundation for hypotheses. Further hypotheses were investigated by disseminating questionnaire results from a number of individual Pakistani investors. Brokerage and asset management fund managers were also questioned in semi-structured interviews. The obtained data were analyzed using statistical package for the social sciences, and latent variables were identified using the structural equation model (SEM) and an asset management operating system (AMOS).Findings: Individual investor investment decisions in the PSX are influenced by five behavioral factors: herding, market, prospect, overconfidence and gambler fallacy and anchoring-ability bias. The majority of the variables have a modest impact; however, the market component has a significant impact. Only three behavioral elements, herding, prospect and heuristic, are found to influence investment performance among the behavioral factors stated above. Heuristic habits have been discovered to have the greatest positive impact on investment performance.Practical implications: This study is one of the few in Pakistan that looked at the factors that influence stock investment decisions using behavioral finance. Prior research has only considered the effects of a restricted number of behavioral characteristics on Pakistani individual investors; however, this study seeks to use a whole collection of behavioral factors to examine their impacts on Pakistani individual investors.Research limitations: The focus of the study remains on the individual investor, whereas the impact of institutional investors on investment behavior could bring different outcomes.Originality/value: This is among the few studies that investigated the impact of cognitive factors on investment decisions in the context of Pakistan and will help policy makers, opinion makers and individuals.
ですから、気候変動の問題を効果的に解決するため、自然環境を志向するメンタリティや文化価値が必要と思います。
(Xây dựng) - Ngày 26/7, ông Phạm Minh Chính, lần thứ hai trong vòng hơn 100 ngày có lẻ, đã tuyên thệ nhậm chức Thủ tướng. Lần đầu ông làm điều này là ngày 5/4/2021, trong phiên họp cuối cùng của Quốc hội khóa trước, chuẩn bị cho ngày bầu cử Quốc hội khóa mới.
人間の社会では自然を優先しない考え方が「エコ欠損の文化」である。気候変動との戦いには、どの国の声も役に立つ。気候科学には多様性が重要である。
这些有问题的论文 都来自中国的实验室,在 PubPeer 上被标记,该期刊目前有 70 多个条目。有关详细信息,请阅读。
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