The Effect of Demographic Factors on Investor’s Risk Tolerance using Fuzzy Analytic Hierarchy Process

Alber, Nader; Gamal, Gehad

doi:10.2139/ssrn.3314721

Cited by 2 publications

(4 citation statements)

References 3 publications

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“…Investors do not have similar investment outcomes because they have different demographic characteristics which affect how they take their decisions (Kannadhasan, 2015). The foregoing demonstrates a possible moderated mediation effect of demographic characteristics on the relationship between investor sentiment and risk appetite (Alber & Gamal, 2019).…”

Section: Demographic Characteristicsmentioning

confidence: 90%

“…This study however apart from being done in China, only relied on a correlational analysis and did not conduct any inferential statistics. Alber and Gamal (2019) investigated the relationship between demographics and risk tolerance in Giza and Cairo using Fuzzy Analytic Hierarchical Process (FAHP) and established that the two variables were related. FAHP is too specialised and the rate of error increases with the number of variables in the model.…”

Section: Research Problemmentioning

confidence: 99%

“…Findings showed that demographics were highly correlated to decision making however further analysis would have given more insights into the relationship of the variables. Alber and Gamal (2019) investigated the effect of demographics on investor risk tolerance in Cairo and Giza among 73 investment consultants and 40 individual investors. The study found that age, education, wealth, occupation, experience and the number of dependents influenced risk tolerance.…”

Section: Empirical Review Investor Sentiment Demographic Characterist...mentioning

confidence: 99%

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The Effect of Demographic Characteristics on the Relationship between Sentiment and Risk Appetite of Individual Investors at Nairobi Securities Exchange

Saiti

2023

JOFA

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The effect of demographic characteristics in the market and how it influences investor sentiment and risk appetite is a concept that has not been exhaustively investigated. Moreover, most of the reviewed literature, investigated the moderating influence of demographic characteristics but not the moderated mediation effect. Hence, the objective of the study was to determine the effect of demographic characteristics in the relationship between investor sentiment and risk appetite. Demographic characteristics like age or experience could influence sentiments such as fear, joy or sadness that an investor manifests in the market and thus affect performance. The study adopted a positivistic approach since it wanted to get insights into a phenomenon. In addition, a correlational descriptive survey was deemed appropriate because the study was about investigating the relationship between variables. This implies that primary data was collected from individual investors at NSE using a structured questionnaire and the response rate was 70.3%. ANOVA and stepwise regression were used to examine the moderated mediation effect of demographic characteristics on the relationship between investor sentiment and risk appetite. Moderated mediation occurs when the moderating term impacts the link between the independent and mediating variable meaning that the relationship is not bivariate. The outcome of the study revealed that the coefficient tests were not significant and therefore the study concluded that demographic characteristics did not have a moderated mediation effect.

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Section: Demographic Characteristicsmentioning

confidence: 90%

Section: Research Problemmentioning

confidence: 99%

Section: Empirical Review Investor Sentiment Demographic Characterist...mentioning

confidence: 99%

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The Effect of Demographic Characteristics on the Relationship between Sentiment and Risk Appetite of Individual Investors at Nairobi Securities Exchange

Saiti

2023

JOFA

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“…and evaluation (Höglund & Mellblom, 2019). In terms of the investor's investment return demand and risk tolerance, the investment policy is the first and most important phase in the investment management process (Alber & Gamal, 2019). Other key restrictions that might impact investment management constraints should be stated in the investment policy, such as the investor's liquidity demands, estimated investment horizon, and various individual wants and preferences.…”

Section: Investment Processmentioning

confidence: 99%

Moderating Role of Foreign Investor Characteristics on the relationship between Regulatory Factors of International Trade and Environmental Degradation in UAE

Albahar

Islam

2022

sajssh

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The study has been conducted to analyze the moderating role of economic factors of foreign investor over the relationship between regulatory factors and environmental degradation in Dubai. The study has been conducted in Dubai considering the country as a fastest growing economy and attracting foreign direct investment in all fields. For the purpose of fulfilment of the study objectives the research developed two hypotheses. The hypothesis was tested over a sample of 335 responses generated from the executives of multinational firms of Dubai. The results confirmed that regulatory factors have a direct impact over environmental degradation, similarly, foreign investor characteristics also have a significant moderating role over the significant relationship between regulatory factors of foreign direct investment and environmental degradation. The study is important for the policy makers to develop such rules that negative influence over the environment may be curtailed.

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The Effect of Demographic Factors on Investor’s Risk Tolerance using Fuzzy Analytic Hierarchy Process

Cited by 2 publications

References 3 publications

The Effect of Demographic Characteristics on the Relationship between Sentiment and Risk Appetite of Individual Investors at Nairobi Securities Exchange

The Effect of Demographic Characteristics on the Relationship between Sentiment and Risk Appetite of Individual Investors at Nairobi Securities Exchange

Moderating Role of Foreign Investor Characteristics on the relationship between Regulatory Factors of International Trade and Environmental Degradation in UAE

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