Studying the Effect of Investors’ Personality on their Business Behavior and Investment Performance: Evidences of Tehran Stock Exchange

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

JAMSHIDI NASER; GHALIBAF ASL HASSAN

Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: FINANCIAL RESEARCH Year:2018 | Volume:20 | Issue:1 Page(s): 75-90

Download Full-Text

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Verion

View:

2,152

Download:

Cites:

Information Journal Paper

Title

Studying the Effect of Investors’ Personality on their Business Behavior and Investment Performance: Evidences of Tehran Stock Exchange

Author(s)

JAMSHIDI NASER | GHALIBAF ASL HASSAN | Issue Writer Certificate

Keywords

PersonalityQ1

Investor behaviorQ1

Investor performanceQ1

Portfolio diversificationQ1

Trading frequencyQ1

Abstract

Objective: To date, the main source of inspiration for behavioral finance scholars has been cognitive psychology. This study builds on this tradition by merging in insights from yet another psychological sub-discipline: Personality psychology. We argue that a human being’ s Personality is a key determinant of his/her behavior and performance. We illustrate, for a subset of five Personality traits (locus of control, maximizing tendency, self-monitoring, sensation seeking and type-A/B behavior), how this logic can be applied in the context of the study of traders’ behavior and performance. Methods: we investigated the behavioral and functional components of 380 individual investors in the stock market using survey method and collecting the questionnaire. Results: The results suggested that Investors with an external locus of control, type-A behavior and high maximizing tendency are busy working on trading more frequently. Investors with an external locus of control, high sensation seeking and high selfmonitoring have a less diverse portfolio. Finally, the frequency of transactions is related to better performance, while Portfolio diversification does not affect the performance of the individuals. Conclusion: Different Personality traits affect distinct components of trading behavior, and so trading performance.

Cites

No record.

References

No record.

Cite

APA: Copy

JAMSHIDI, NASER, & GHALIBAF ASL, HASSAN. (2018). Studying the Effect of Investors’ Personality on their Business Behavior and Investment Performance: Evidences of Tehran Stock Exchange. FINANCIAL RESEARCH, 20(1 ), 75-90. SID. https://sid.ir/paper/91185/en

Vancouver: Copy

JAMSHIDI NASER, GHALIBAF ASL HASSAN. Studying the Effect of Investors’ Personality on their Business Behavior and Investment Performance: Evidences of Tehran Stock Exchange. FINANCIAL RESEARCH[Internet]. 2018;20(1 ):75-90. Available from: https://sid.ir/paper/91185/en

IEEE: Copy

NASER JAMSHIDI, and HASSAN GHALIBAF ASL, “Studying the Effect of Investors’ Personality on their Business Behavior and Investment Performance: Evidences of Tehran Stock Exchange,” FINANCIAL RESEARCH, vol. 20, no. 1 , pp. 75–90, 2018, [Online]. Available: https://sid.ir/paper/91185/en

Related Journal Papers