Money and Happiness: Implications for Investor Behavior

Xiao, Jing Jian

doi:10.1002/9781118813454.ch9

Cited by 7 publications

(6 citation statements)

References 66 publications

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“…Researchers suggest that personal income is responsible for the increase of happiness. What's more, studies show that people who live in wealthy countries are happier and that there is an inverse causal relation that happier people create a higher income (Xiao, 2014). Fisher (2014) argues that in accordance with the behavioral finance theory, investors are not rational participants, as described by the economic theory.…”

Section: Literature Reviewmentioning

confidence: 97%

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The impact of certain psychological factors of investors and managers on the capital structure

Babanić¹

2018

EurJ Appl Econ

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Abstract:Psychology represents the basic requirement for the emergence of disciplines such as behavioral finance and behavioral economics. It has contributed to a better understanding of the behavior of economic actors under conditions of risk arising from the imperfections of cognitive abilities of human beings. Consequently, it is necessary to change the economic models based on mathematical laws in favor of descriptive models that consider the cognitive abilities of the human mind. The most common decisions that are being studied in the field of behavioral finance are the decisions regarding capital structure in companies. The methodology in this paper is based on the net operating income approach. This approach is analyzing the financial section of income statement that refers to the financial expenses of the companies. Financial expenses are assumed to be fixed, determining financial break even, as a consequence of use of financial leverage. The main task of this paper is to determine the impact of some psychological factors in the terms of capital structure and financial leverage, through two case studies of comparative analysis of income statements of the companies Puma and Adidas that will consequently affect the achievement of financial breakevens well as the profitability of the companies. Therefore it is possible to conclude that some analyzed psychological aspects in the process of financial decision making of investors and managers can influence the capital structure decisions, which can be a subject of further researches.

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Section: Literature Reviewmentioning

confidence: 97%

“…Religion actually has an enormous influence on people's lives and is closely linked to their economic conditions. Xiao (2014) writes about the issue of the relation of money and happiness. Money in this case represents factors associated with income, while happiness is usually measured as life satisfaction or life fulfillment.…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of certain psychological factors of investors and managers on the capital structure

Babanić¹

2018

EurJ Appl Econ

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“…Many studies have examined the relationship between income and SWB and generated many interesting fi ndings (Xiao 2013 ). For instance, data from Russian consumers show that the relationship between income and life satisfaction is complex (Schyns 2001 ).…”

Section: Money and Happinessmentioning

confidence: 99%

Consumer Economic Wellbeing

Xiao¹

2015

Consumer Economic Wellbeing

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Consumers in this book refer to individuals and families. The term consumer can be defi ned in broad and narrow ways. Broadly, consumers are those who acquire and use natural, market, and other goods. Natural goods are air and natural resources that are not privately owned and priced. Market goods are priced products and services provided by commercial companies. Other goods refer to products and services provided by nonprofi t organizations. Narrowly, consumers are those who purchase and use market goods. In this book the narrow defi nition of consumer is used in most discussions. This introductory chapter fi rst discusses several defi nitions relevant to consumer economic wellbeing, such as wellbeing, subjective wellbeing, economic wellbeing, and consumer wellbeing. Then, the key term of this book, consumer economic wellbeing, is defi ned and introduced. The organization of the book is presented at the end of this chapter.

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“…Income might be expected to have a wide-ranging effect on people's ability to maximize their quality of life, precisely because income itself has the potential to affect so many other life circumstances. In addition to the obvious benefits for material possessions, income can allow people to purchase better health care, more interesting leisure experiences, and many other objective benefits in their lives (Argyle and Furnham 1998;Diener and Biswas-Diener 2002;Diener and Oishi 2000;Ng 2013;Stevenson and Wolfers 2013;Weiman et al 2015;and Xiao 2014). In a large and representative sample of nations and individuals, Diener et al (2013) found that rising income was associated with both positive affect and life satisfaction.…”

Section: Review Of Literaturementioning

confidence: 99%

The Impact of Self Help Groups on the Psychosocial Well-Being of Female Members in Ethiopia

Fagan

Quinn-Gates

Rebsso

et al. 2020

Int J Appl Posit Psychol

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Tearfund self-help groups are a variety of self-help group (SHG) aimed at poverty alleviation in Sub-Saharan Africa. Despite a number of positive evaluations of SHGs, there have been no direct studies of impact on psychosocial well-being. This paper reports the first phase of a mixed methods examination of the impact of Tearfund SHG membership on the psychosocial well-being of womens' SHGs in Ethiopia. Five young SHGs (<2 years) acted as a comparison for five older SHGs (> 5 years) across selfevaluations and standardised scales while covarying for chronological age. These results were enriched by focus groups, semi-structured observations and structured interviews. Results showed that members of older SHGs reported statistically greater psychosocial well-being on 4/10 self-evaluated impact indices and 2/3 of the standardised scales. The younger vs older group differences are significant but small. A richer understanding of the impact is gained through the qualitative reports. Future studies will be strengthened by the addition of longitudinal data, through adjusting measures better to the culture, and through collecting baseline data from SHG initiation. This study provides extensive qualitative and quantitative evidence of the impact of Tearfund SHG membership on psychosocial well-being.

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Money and Happiness: Implications for Investor Behavior

Cited by 7 publications

References 66 publications

The impact of certain psychological factors of investors and managers on the capital structure

The impact of certain psychological factors of investors and managers on the capital structure

Consumer Economic Wellbeing

The Impact of Self Help Groups on the Psychosocial Well-Being of Female Members in Ethiopia

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