Influence of financial literacy on retail investors' decisions in relation to return, risk and market analysis

被引：13
|
作者：
Prasad, Swati [1 ]
Kiran, Ravi [1 ]
Sharma, Rakesh Kumar [1 ]
机构：
[1] Thapar Inst Engn & Technol Deemed Univ, Sch Humanities & Social Sci, Patiala, Punjab, India
来源：
INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS | 2021年 / 26卷 / 02期
关键词：
financial literacy; individual investors; investment decisions; partial least square; structural equation modelling; INDIVIDUAL INVESTORS; INVESTMENT; BEHAVIOR; PERCEPTION; REGRESSION; DEMAND;
D O I：
10.1002/ijfe.1920
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Investors differ in their decisions with respect to risk, returns and market analysis. The present study attempts to examine the influence of financial literacy on retail investors' decisions in relation to return, risk and market analysis. The study uses convenience sampling to collect data from the retail investors through stock brokerage managers. Factor analysis has been employed for understanding factors of financial literacy. Financial literacy is composed of Accounting Information; Market Information; Broad Overview; and Technical Knowledge. The factors of Investment decisions are: Return Analytics; Risk Analytics; and Market. The risk and return analytics have stronger impact on investors decision than market analytics. PLS SEM has been employed for examining relation between financial literacy and Investment decision. The results suggest a significant positive relation between financial literacy and investment decision.
引用
收藏
页码：2548 / 2559
页数：12
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