Personality Traits and Perceived Investment Performance: Mediating Role of Social Influence

Abstract

The purpose of this paper is to investigate the effects of personality traits on the perceived investment performance. Also, it assesses the mediating effects of social influence between personality traits and investment performance. The total sample of 277 are gathered from different individuals who have investment experience. PLS-SEM was used to test the hypothesis, findings suggest that personality traits have a positive and significant impact on perceived investment performance. It is also found that personality traits have positive and significant effect on social influence. Similarly, social influence has positive and significant effects on perceived investment performance. Besides the direct relationships, it is found that social influence plays a complimentary mediating role between personality traits and perceived investment performance. Results suggest that awareness session should be conducted to engage investors with different personality traits.

Conditional Process Model the Influence of Personality Traits and Behavioral Bias on Perception of Investment Performance

“…Perception of investment performance is the feeling you get after investing in a certain period of time (Akhtar et al, 2018). Perceived investment performance is used to further investigate investor personality and behavior (Hasib, 2020 andNareswari, et.al., 2021). The dimensions and indicators that will be used in this study are adapted from (Alrabadi et al, 2018) and (Akhtar et al, 2018) including consideration of return, risk, information held & security, time or period.…”