Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock Exchange
The principal objective of the study is to find out the impact of overconfidence on investor’s investment decisions and to know whether risk perception and religiosity moderately affect the relationship between the overconfidence and investor’s investment decision. Data is collected through a well-...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Shaheed Zulfikar Ali Bhutto Institute of Science and Technology
2019-12-01
|
| Series: | JISR Management and Social Sciences & Economics |
| Subjects: | |
| Online Access: | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/74 |
| _version_ | 1797846605396705280 |
|---|---|
| author | Faryal Fahim Akhtiar Ali Mubashir Ali Khan Rizwan Ahmed Khan |
| author_facet | Faryal Fahim Akhtiar Ali Mubashir Ali Khan Rizwan Ahmed Khan |
| author_sort | Faryal Fahim |
| collection | DOAJ |
| description |
The principal objective of the study is to find out the impact of overconfidence on investor’s investment decisions and to know whether risk perception and religiosity moderately affect the relationship between the overconfidence and investor’s investment decision. Data is collected through a well-structured questionnaire. Systematic sampling is used, and the sample size is 156. Statistical results indicate a significant impact of overconfidence on investor’s investment decisions. For the moderating part of the model, however, there is no empirical evidence of religiosity and risk perception as a moderating effect. Thus, the study depicts that there is an impact of overconfidence on investor’s investment decisions, but there is no moderating impact of religiosity & risk perception. The review is useful for the brokers, investors in making decisions regarding the buying and selling of stocks, and also for entrepreneurs. This study is also exclusive and has greater importance as the role of religiosity and risk perception does not imply together before in the Pakistani stock market. The current research is also constructive for the scholars to further study the impact in a different context with further modified variables.
|
| first_indexed | 2024-04-09T17:57:41Z |
| format | Article |
| id | doaj.art-2a823a4636f347d89e59a99c7491ba3e |
| institution | Directory Open Access Journal |
| issn | 2616-7476 1998-4162 |
| language | English |
| last_indexed | 2024-04-09T17:57:41Z |
| publishDate | 2019-12-01 |
| publisher | Shaheed Zulfikar Ali Bhutto Institute of Science and Technology |
| record_format | Article |
| series | JISR Management and Social Sciences & Economics |
| spelling | doaj.art-2a823a4636f347d89e59a99c7491ba3e2023-04-14T10:32:04ZengShaheed Zulfikar Ali Bhutto Institute of Science and TechnologyJISR Management and Social Sciences & Economics2616-74761998-41622019-12-0117210.31384/jisrmsse/2019.17.2.6Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock ExchangeFaryal Fahim0Akhtiar Ali1Mubashir Ali Khan2Rizwan Ahmed Khan3Department of Management Sciences, Bahria University, Karachi, Pakistan.Department of Management Sciences, Bahria University, Karachi, PakistanDepartment of Management Sciences, Bahria University, Karachi, Pakistan.Agility, Bahrain The principal objective of the study is to find out the impact of overconfidence on investor’s investment decisions and to know whether risk perception and religiosity moderately affect the relationship between the overconfidence and investor’s investment decision. Data is collected through a well-structured questionnaire. Systematic sampling is used, and the sample size is 156. Statistical results indicate a significant impact of overconfidence on investor’s investment decisions. For the moderating part of the model, however, there is no empirical evidence of religiosity and risk perception as a moderating effect. Thus, the study depicts that there is an impact of overconfidence on investor’s investment decisions, but there is no moderating impact of religiosity & risk perception. The review is useful for the brokers, investors in making decisions regarding the buying and selling of stocks, and also for entrepreneurs. This study is also exclusive and has greater importance as the role of religiosity and risk perception does not imply together before in the Pakistani stock market. The current research is also constructive for the scholars to further study the impact in a different context with further modified variables. https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/74OverconfidenceRisk perceptionReligiosityPakistan stock Exchange |
| spellingShingle | Faryal Fahim Akhtiar Ali Mubashir Ali Khan Rizwan Ahmed Khan Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock Exchange JISR Management and Social Sciences & Economics Overconfidence Risk perception Religiosity Pakistan stock Exchange |
| title | Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock Exchange |
| title_full | Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock Exchange |
| title_fullStr | Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock Exchange |
| title_full_unstemmed | Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock Exchange |
| title_short | Impact of Overconfidence on Investor’s Investment Decision: Moderating Role of Risk Perception and Religiosity-A Survey of Pakistan Stock Exchange |
| title_sort | impact of overconfidence on investor s investment decision moderating role of risk perception and religiosity a survey of pakistan stock exchange |
| topic | Overconfidence Risk perception Religiosity Pakistan stock Exchange |
| url | https://jisrmsse.szabist.edu.pk/index.php/szabist/article/view/74 |
| work_keys_str_mv | AT faryalfahim impactofoverconfidenceoninvestorsinvestmentdecisionmoderatingroleofriskperceptionandreligiosityasurveyofpakistanstockexchange AT akhtiarali impactofoverconfidenceoninvestorsinvestmentdecisionmoderatingroleofriskperceptionandreligiosityasurveyofpakistanstockexchange AT mubashiralikhan impactofoverconfidenceoninvestorsinvestmentdecisionmoderatingroleofriskperceptionandreligiosityasurveyofpakistanstockexchange AT rizwanahmedkhan impactofoverconfidenceoninvestorsinvestmentdecisionmoderatingroleofriskperceptionandreligiosityasurveyofpakistanstockexchange |