The Effects of Money Beliefs on Investment Addiction
As the impact of culture, especially money belief, is greater than the rational analysis of the capital market in developing countries, the expansion of Iran’s capital market has led to an increased investment addiction. Since a few studies have been conducted in this area so far, this study investi...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Ferdowsi University of Mashhad
2022-01-01
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| Series: | Iranian Journal of Accounting, Auditing & Finance |
| Subjects: | |
| Online Access: | https://ijaaf.um.ac.ir/article_41520_163e09abe3fc73ab5bbe44d453e08bd4.pdf |
| _version_ | 1818553135360114688 |
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| author | Ali Bahrami Amirhossein Taebi Noghondari Hadis Zeinali |
| author_facet | Ali Bahrami Amirhossein Taebi Noghondari Hadis Zeinali |
| author_sort | Ali Bahrami |
| collection | DOAJ |
| description | As the impact of culture, especially money belief, is greater than the rational analysis of the capital market in developing countries, the expansion of Iran’s capital market has led to an increased investment addiction. Since a few studies have been conducted in this area so far, this study investigates the impact of money beliefs on investment addiction. Thus, 415 questionnaires were distributed among investors, of which 346 were accepted. The data were analyzed using structural equations in AMOS software using the maximum likelihood estimation (MLE) method. The findings suggest that money worship and money status beliefs significantly affect investment addiction, whereas money avoidance belief does not affect investment addiction. In addition, the money vigilance belief has a significant negative impact on investment addiction. Given the effects of most money beliefs on investment addiction, policymakers and consultants of the capital market can readily safeguard traders from capital market dilemmas through effective money belief-building training. |
| first_indexed | 2024-12-12T09:22:00Z |
| format | Article |
| id | doaj.art-224e5944c13f4187b4b5eb6e8851a0b8 |
| institution | Directory Open Access Journal |
| issn | 2717-4131 2588-6142 |
| language | English |
| last_indexed | 2024-12-12T09:22:00Z |
| publishDate | 2022-01-01 |
| publisher | Ferdowsi University of Mashhad |
| record_format | Article |
| series | Iranian Journal of Accounting, Auditing & Finance |
| spelling | doaj.art-224e5944c13f4187b4b5eb6e8851a0b82022-12-22T00:29:11ZengFerdowsi University of MashhadIranian Journal of Accounting, Auditing & Finance2717-41312588-61422022-01-0161536610.22067/ijaaf.2022.4152041520The Effects of Money Beliefs on Investment AddictionAli Bahrami0Amirhossein Taebi Noghondari1Hadis Zeinali2Department of accounting, faculty of literature and humanities, Islamic Azad University, Kerman, IranDepartment of accounting, faculty of literature and humanities, Islamic Azad University, Kerman, IranDepartment of accounting, faculty of literature and humanities, Islamic Azad University, Kerman, IranAs the impact of culture, especially money belief, is greater than the rational analysis of the capital market in developing countries, the expansion of Iran’s capital market has led to an increased investment addiction. Since a few studies have been conducted in this area so far, this study investigates the impact of money beliefs on investment addiction. Thus, 415 questionnaires were distributed among investors, of which 346 were accepted. The data were analyzed using structural equations in AMOS software using the maximum likelihood estimation (MLE) method. The findings suggest that money worship and money status beliefs significantly affect investment addiction, whereas money avoidance belief does not affect investment addiction. In addition, the money vigilance belief has a significant negative impact on investment addiction. Given the effects of most money beliefs on investment addiction, policymakers and consultants of the capital market can readily safeguard traders from capital market dilemmas through effective money belief-building training.https://ijaaf.um.ac.ir/article_41520_163e09abe3fc73ab5bbe44d453e08bd4.pdfmoney avoidancemoney worshipmoney statusmoney vigilanceinvestment addiction |
| spellingShingle | Ali Bahrami Amirhossein Taebi Noghondari Hadis Zeinali The Effects of Money Beliefs on Investment Addiction Iranian Journal of Accounting, Auditing & Finance money avoidance money worship money status money vigilance investment addiction |
| title | The Effects of Money Beliefs on Investment Addiction |
| title_full | The Effects of Money Beliefs on Investment Addiction |
| title_fullStr | The Effects of Money Beliefs on Investment Addiction |
| title_full_unstemmed | The Effects of Money Beliefs on Investment Addiction |
| title_short | The Effects of Money Beliefs on Investment Addiction |
| title_sort | effects of money beliefs on investment addiction |
| topic | money avoidance money worship money status money vigilance investment addiction |
| url | https://ijaaf.um.ac.ir/article_41520_163e09abe3fc73ab5bbe44d453e08bd4.pdf |
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