Meditation for level of institutional quality to combat income inequality through financial development

Madni, Ghulam Rasool; Ali, Anwar

doi:10.1002/ijfe.1932

Cited by 16 publications

(9 citation statements)

References 52 publications

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“…Understanding prospect theory aids in comprehending how investors evaluate investment opportunities, perceive risks, and make decisions based on potential gains and losses. The asymmetrical impact of gains and losses, reference points, and framing effects significantly shape investment choices, risk preferences, and the overall decision-making process in financial markets [ 36 ].…”

Section: Earlier Literature and Hypothesismentioning

confidence: 99%

“…This suggests that short-term factors like a higher demand for previously successful stocks and/or an oversupply of stocks that have performed poorly in the past contribute to achieving outstanding enactment. In short run, but not over long time periods, behaviors have the effect of pushing up equities with a history of high performance and pushing down stocks with a history of negative performance [ 36 ]. The predominance of short run performance, especially when powered by the momentum of winners rather than losers, suggests that buying behavior adds fresh knowledge to market.…”

Section: Earlier Literature and Hypothesismentioning

confidence: 99%

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Unleashing the behavioral factors affecting the decision making of Chinese investors in stock markets

Xia,

Madni

2024

PLoS ONE

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This research paper delves into the behavioral factors that have impact on decision making of Chinese investors in stock markets. As one of the world’s most dynamic and rapidly evolving financial landscapes, stock markets of China have witnessed significant growth and transformation in recent years. However, the role of behavioral biases in shaping investment decisions remains a relatively understudied aspect. Drawing upon a detailed review of studies, psychological theories, and empirical studies, this research explores various behavioral factors affecting the decision of investors at Beijing, Shanghai and Shenzhen stock markets. Through a structured questionnaire and by collecting a sample of 521 respondents, this paper investigates that herding, overconfidence, prospect, market, gamble’s fallacy, and anchoring-ability bias often lead investors to deviate from rational decision-making and contribute to market inefficiencies. While herding, prospect, and heuristic affect the investment performance in stock markets of China. Moreover, the research underscores the need for investor education programs and regulatory interventions that acknowledge the presence of behavioral biases and encourage more informed decision-making. By shedding light on these dynamics, it provides valuable insights for policymakers, financial institutions, and investors seeking to navigate the intricacies of this rapidly growing financial landscape.

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Section: Earlier Literature and Hypothesismentioning

confidence: 99%

Section: Earlier Literature and Hypothesismentioning

confidence: 99%

Unleashing the behavioral factors affecting the decision making of Chinese investors in stock markets

Xia,

Madni

2024

PLoS ONE

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“…The focus of the first set is to find the effects of economic institutions on countries [11,12] while the second describes the impact of political institutions (study 15 discussed brief literature on the topic). Moreover, some studies [13,14] examined the impact of both types of institutions on economic variables. In the same way, the effectiveness of political and economic institutional reforms is also discussed by numerous studies but their impact on macroeconomic indicators is hardly discussed [15][16][17][18].…”

Section: Introductionmentioning

confidence: 99%

Institutional Reforms and Their Impact on Economic Growth and Investment in Developing Countries

et al. 2021

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It is widely accepted that the economic and social system may be more efficient by reforming institutions. Institutional reforms are attempts to change the rules affecting human interactions and these reforms are fundamental for development and economic prosperity. The reforms can be divided into two categories; political and economic institutional reforms. It is need of the hour to determine the category of reform that is more suitable for developing countries. Moreover, a vast literature describes the impact of institutional reforms but little focused on exploring their impacts on macroeconomic activities. So, this study is an effort to determine the impact of institutional reforms on macroeconomic variables by considering the panel data of 122 developing countries covering the time span from 1996 to 2019. The study applied treatment analysis using the difference-in-differences technique to gauge the effects of reforms. Besides, it will be interesting to know the causes triggering the institutional reforms in developing countries. The findings of the study reveal that economic reforms are more important as compared with political reforms to grow the economies. The countries focusing on political reforms are not able to overcome the economic crisis. Moreover, both types of reforms do not cause each other in these countries.

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“…The aim of their study was to identify the long-run relationship between development performance (human development) and governance (institutional quality). Madni and Anwar (2021) employed 124 countries in a panel study to assess the role of institutional quality in financial development by emphasizing the intervening role of income inequality. According to their findings, educational attainment as a measure of human development is a significant factor in determining income inequality and possibly influences economic growth when institutional quality is at a high improvement threshold.…”

Section: Institutional Quality and Human Developmentmentioning

confidence: 99%

Exploring the heterogeneous influence of social media usage on human development: The role of carbon emissions and institutional quality

Vitenu‐Sackey

2023

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Social media has grown in importance as a means of social connection and provides a significant avenue for learning about sustainability and related issues. This study aimed to reveal the long-run heterogeneous relationship between social media usage, institutional quality, carbon emissions and human development. We employ second generation techniques, namely augmented mean group (AMG) and common correlated effects mean group (CCEMG) estimators to ensure that cross-sectional dependence and heterogeneity are captured. In addition, the system generalized method of moments (GMM) dynamic panel data estimator was used to deal with the issue of endogeneity and serial correlation. The analyses were categorized into three: all sample groups, advanced economies, and transition and developing economies. Our findings show that there is a positive relationship between social media usage, institutional quality, carbon emission and human development. However, social media usage in transition and developing economies is more pronounced than in advanced economies and likewise for institutional quality. With regard to carbon emissions, the impacts are symmetric. Overall, the interaction between social media and carbon emissions adversely affects human development, while the interaction between social media and institutional quality proportionally lead to human development. Most importantly, the impact of social media on human development is not economically beneficial and may be more promising in transition and developing countries.

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Meditation for level of institutional quality to combat income inequality through financial development

Cited by 16 publications

References 52 publications

Unleashing the behavioral factors affecting the decision making of Chinese investors in stock markets

Unleashing the behavioral factors affecting the decision making of Chinese investors in stock markets

Institutional Reforms and Their Impact on Economic Growth and Investment in Developing Countries

Exploring the heterogeneous influence of social media usage on human development: The role of carbon emissions and institutional quality

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