Behavioral finance factors and investment decisions: A mediating role of risk perception

Almansour, Bashar Yaser; Elkrghli, Sabri; Almansour, Ammar Yaser

doi:10.1080/23322039.2023.2239032

Cited by 21 publications

(6 citation statements)

References 64 publications

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“…Higher marital status is associated with positive family planning decisions, consistent with many studies (32,33) that highlight the role of economic stability in family planning choices, aligning with the notion that nancial considerations are crucial in decision-making.…”

Section: Social Dimension Of Decision-makingsupporting

confidence: 82%

Factors Influencing Family Planning Decisions in Saudi Arabia

Miskeen,

Korkoman,

Alhassoun

et al. 2024

Preprint

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Background: Family planning (FP) is an essential intervention to improve the health and well-being of women and their children. Understanding the determinants of FP decisions among Saudi women is critical to the success of FP efforts. This study aims to assess socio-cultural factors related to FP decisions in Saudi Arabia (SA). Method: A cross-sectional survey-based survey examined a convenient sample of 1489 ever-married women living in SA. A structured online questionnaire was developed to assess the personal and socio-demographic characteristics of the sample as well as their fertility and FP preferences, practices, and experiences. Participants were approached through different social media platforms. Results: Women's reported ever use of contraceptive method was 64.1%. Challenges women face in trying to use contraceptive methods were side-effects of the method (40%) and partner opposition (19%). Women's ever use of contraception was significantly different according to their age group, residence, occupation, income level, duration of marriage, number of children, reaching their desired number of children, having challenges in using contraception (p<0.001), their career goals (p=0.005) and access to FP (p=0.030). Logistic regression results for the factors influencing the decision toward family planning showed the significant factors: marital status (odd 1.28, p-value = 0.042, 95 % CI 1.02-1.61), having a supportive husband (odds 1.35, p-value = 0.018, 95% CI 1.08-1.69), and family and societal expectations (odds 1.32, p-value = 0.034 and 95% CI 1.04-1.68). Conclusion: This study contributes essential insights into the socio-cultural factors influencing FP decisions among Saudi women. The identified determinants, including economic considerations, spousal support, and societal expectations, provide a foundation for tailored interventions to promote informed and autonomous FP choices. These findings ultimately contributed to women's and their children's health and well-being in SA.

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Section: Social Dimension Of Decision-makingsupporting

confidence: 82%

Factors Influencing Family Planning Decisions in Saudi Arabia

Miskeen,

Korkoman,

Alhassoun

et al. 2024

Preprint

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“…Herding bias and overconfidence bias are able to influence risk perception as found in the study by Wibowo et al (2023). Moreover, risk perception functions as a mediator when herding bias and overconfidence bias influence investment decision, which strengthens the study by Almansour et al (2023).…”

Section: Discussionsupporting

confidence: 69%

“…When making financial decisions, many investors have a propensity to follow the herd or overconfidence biases. Herding behavior results from the influence of risk perception on stock returns, as suggested by Almansour et al (2023), and is supported by Wibowo et al (2023) who stated that herding bias develops because of how much risk investors perceive from stock returns. Moreover, Almansour et al (2023) state that investors with overconfidence tend to possess a positive view of risk and demonstrate a greater propensity to embrace a risky approach when making investment decisions.…”

Section: Risk Perception As the Mediatormentioning

confidence: 83%

The Risk Perception as a Mediator Between Herding and Overconfidence on Investment Decision by Gen Z in Indonesia

Kaban,

Linata

2024

MEC-J

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Behavioral finance theory highlights how psychological factors can lead to poor investment decisions, which may threaten investors' trust in the stock market, discourage investments, and hinder economic growth. This study aims to examine how behavioral finance factors, particularly herding bias and overconfidence bias, influence investment decision on the Indonesia Stock Exchange through risk perception. The research was conducted using an online questionnaire distributed to 120 Gen Z stock investors and analyzed using PLS-SEM. The results show that herding and overconfidence biases have a significant positive influence on risk perception. Both herding and overconfidence biases have indirect positive influences on investment decision through risk perception. Although overconfidence bias and risk perception can directly affect investment decision, herding bias fails to do so. These findings highlight the importance of considering an individual's behavioral biases and risk perception, while policymakers should devise strategies to mitigate their impacts; so that investors can benefit from investing, which may eventually lead to the growth of the national economy

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“…This theory is built on the premise that individuals' psychological biases or behavioral biases act as obstacles to make a rational decision, resulting in adverse outcomes regarding investment choices and suboptimal investor performance. Additionally, judgement, intuitive thinking, and decision-making can impact the effectiveness of investor decisions in finance (De Bondt et al, 2013) whether cause irrational behavior (Almansour et al, 2023). Psychological factors significantly influence investment decision-making, contributing to biased financial choices where individuals incorporate psychological elements that deviate from rational behavior (Hashmi et al, 2023).…”

Section: Theory Of Planned Behavior (Tpb)mentioning

confidence: 99%

“…Before behavioral finance theory, investment decisions relied on utility theory, assuming rationality. Researches in traditional finance highlight a preference among individual investors to approach their decisions in investing with rationality (Almansour et al, 2023). Within a study by Arora and Kumari (2015), investors adopt various existing financial theories and models to consider risks and expected returns in their investment decisions.…”

Section: Introductionmentioning

confidence: 99%

The Role of Financial Behavior in Mediating Financial Literacy, Financial Attitudes, Business Performance, and Business Sustainability in Jayapura City’s MSMEs

Sesa,

Wonar,

Allolayuk

2024

IJTHAP

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Examining the mediating role of financial behavior on the relationships between financial literacy, financial attitudes, business performance, and the sustainability of MSMEs in Jayapura City is the aim of this study. It is anticipated that the analysis will serve as a helpful guide for the next studies. This study is quantitative in nature and tests hypotheses using a descriptive methodology. The way that data is gathered is through distributing questionnaires. One tool for data analysis methods is WarpPLS analysis. The findings showed that as a mediating variable between financial literacy and company performance, financial management behavior has a big impact on the sustainability of businesses. This indicates that MSME owners in Jayapura City are aware that taking financial literacy-related actions will assist the long-term viability of their company. Nevertheless, financial management behavior characteristics are unable to moderate the relationship between financial attitudes toward company sustainability among MSME actors in Jayapura City. It is anticipated that similar future studies can be conducted with a moderation or intervention approach and apply wider data, for example, in provinciallevel areas, to create conclusions that are more applicable to the expansion of MSMEs in other locations

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Behavioral finance factors and investment decisions: A mediating role of risk perception

Cited by 21 publications

References 64 publications

Factors Influencing Family Planning Decisions in Saudi Arabia

Factors Influencing Family Planning Decisions in Saudi Arabia

The Risk Perception as a Mediator Between Herding and Overconfidence on Investment Decision by Gen Z in Indonesia

The Role of Financial Behavior in Mediating Financial Literacy, Financial Attitudes, Business Performance, and Business Sustainability in Jayapura City’s MSMEs

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