Behavior of the Lithuanian investors at the period of economic growth

Abstract

Modern scientists speak and write about investor's psychological factors, decision-making processes, and the importance of financial behavior in the investment process. One of the modern theoriesan efficient marketfocused on rational investors. According to it, investors rationally manage their investment portfolio; rationally respond to constantly changing information and make rational changes to newly acquired information. However, the prospect theory has proven that irrational investor decisions play an important role in the investment process. An assessment of irrationality of investors is important for governments, fund managers and investors, eventually for all participants of financial market. For some, this is an opportunity to additional funds, to receive higher income, for others, would provide the added value, as they could identify themselves as investors. Understanding how decisions are influenced by behavior it is important both for self-education and investment decision-making. The article aims to identify the typology of the Lithuanian investors by distinguishing behavioral deviations that influence the behavior of investors' decisions in the stage of the country's economic growth. The research will identify types of physical entities, behavioral deviations, motives of investment decisions made. The qualitative and quantitative methods are used to perform the research: investor inquiry, correlation and regression analysis.

Model of Islamic Wealth Management Based on Maqasid al-Shariah

“…In addition, investment behavior deviations also occur in the secondary market, commonly referred to as the unusual market activity based on the disclosured information, it was conveyed that several types of unusual market activity, among others, include failure to pay, bare selling short, cornering, wash trade, indications of insider trading and others (Bikas & Saponaitė, 2018;Jagongo & Mutswenje, 2014). One relevant case example is the pseudo trade in shares of PT Sekawan Intipratama Tbk (SIAP) which resulted in a default of around Rp 100 billion.…”

Real estate as an investment asset

“…From the investment triangle, it is clear that the general investor is trying to decide on the investment according to three basic parameters, namely the expected return, the assumed risk and the liquidity of the investment. The relationship of all three variables is described by the behavior of the general investorthe general investor expects a higher return on higher risk, and vice versa [5]. Liquidity then expresses the ability to convert a given investment into a generally convertible asset (money) in a reasonable time at the usual price [6].…”

Income distribution peculiarities in differently developed selected European countries versus Qatar

“…Not aiming to embrace all the system of factors, let us just mention some constituents of business environment, which are tackled by the latest scientific literature. The following examples could be provided: business cycle (Bikas & Saponaitė, 2018;Filipishyna et al 2018;Luchko, Arzamasova & Vovk, 2019;Tvaronavičienė, 2018); economic policy (Veselovsky et al, 2018), attitudes to entrepreneurs on the side of the state and society, affecting the propensity to start business (Ključnikov et al, 2016;Naushad et al, 2018;Zajkowski & Domańska, 2019;Dvorský et al, 2019); health of banking system; availability, composition and quality of labour force (Sagiyeva et al, 2018;Prakash, Garg, 2019), accounting system, adopted in a particular country (Vegera et al, 2018;Hilkevics & Semakina, 2019) etc. The list could be continued, of course.…”