Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availability
This study aims to investigate the influence of psychological biases on the investment decision of Chinese individual investors after the pandemic of COVID-19 with a moderating role of information availability. A cross-sectional method with a quantitative research approach was employed to investigat...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-09-01
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| Series: | Frontiers in Psychology |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.846088/full |
| _version_ | 1811264517747769344 |
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| author | Naveed Jan Vipin Jain Zeyun Li Javeria Sattar Korakod Tongkachok |
| author_facet | Naveed Jan Vipin Jain Zeyun Li Javeria Sattar Korakod Tongkachok |
| author_sort | Naveed Jan |
| collection | DOAJ |
| description | This study aims to investigate the influence of psychological biases on the investment decision of Chinese individual investors after the pandemic of COVID-19 with a moderating role of information availability. A cross-sectional method with a quantitative research approach was employed to investigate the hypothesized relationships among variables. The snowball sampling technique was applied to collect the data through a survey questionnaire from individual investors investing in the Chinese stock market. Smart-PLS statistical software was used to analyze the data and for the estimation of hypotheses. Results indicated that overconfidence, representative bias, and anchoring bias have a significant and positive influence on investment decisions during the post-Covid-19 pandemic; however, the availability bias has insignificant and negative effects on the investment decision during the post-COVID-19 pandemic. Moreover, findings indicated that information availability has a significant moderating role in the relationship of psychological biases with the investment decision during the post-COVID-19 pandemic. This study contributes to the body of knowledge regarding behavior finance, psychological biases, and investment decision in emerging stock markets. The findings of the present study improve the understanding that how investors’ psychology affects their investment decisions. |
| first_indexed | 2024-04-12T20:05:41Z |
| format | Article |
| id | doaj.art-698f71c148f148b59f64c7ea79db6886 |
| institution | Directory Open Access Journal |
| issn | 1664-1078 |
| language | English |
| last_indexed | 2024-04-12T20:05:41Z |
| publishDate | 2022-09-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Psychology |
| spelling | doaj.art-698f71c148f148b59f64c7ea79db68862022-12-22T03:18:24ZengFrontiers Media S.A.Frontiers in Psychology1664-10782022-09-011310.3389/fpsyg.2022.846088846088Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availabilityNaveed Jan0Vipin Jain1Zeyun Li2Javeria Sattar3Korakod Tongkachok4Business School, Shandong Normal University, Jinan, ChinaDepartment of Management and Technology, Teerthanker Mahaveer University, Moradabad, Uttar Pradesh, IndiaSchool of Humanity, University Sains Malaysia, George Town, MalaysiaLahore Business School, The University of Lahore, Lahore, PakistanDepartment of Law, School of Law, Thaksin University, Songkhla, ThailandThis study aims to investigate the influence of psychological biases on the investment decision of Chinese individual investors after the pandemic of COVID-19 with a moderating role of information availability. A cross-sectional method with a quantitative research approach was employed to investigate the hypothesized relationships among variables. The snowball sampling technique was applied to collect the data through a survey questionnaire from individual investors investing in the Chinese stock market. Smart-PLS statistical software was used to analyze the data and for the estimation of hypotheses. Results indicated that overconfidence, representative bias, and anchoring bias have a significant and positive influence on investment decisions during the post-Covid-19 pandemic; however, the availability bias has insignificant and negative effects on the investment decision during the post-COVID-19 pandemic. Moreover, findings indicated that information availability has a significant moderating role in the relationship of psychological biases with the investment decision during the post-COVID-19 pandemic. This study contributes to the body of knowledge regarding behavior finance, psychological biases, and investment decision in emerging stock markets. The findings of the present study improve the understanding that how investors’ psychology affects their investment decisions.https://www.frontiersin.org/articles/10.3389/fpsyg.2022.846088/fullpsychological biasesinvestment decisionCOVID-19stock marketsChina |
| spellingShingle | Naveed Jan Vipin Jain Zeyun Li Javeria Sattar Korakod Tongkachok Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availability Frontiers in Psychology psychological biases investment decision COVID-19 stock markets China |
| title | Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availability |
| title_full | Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availability |
| title_fullStr | Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availability |
| title_full_unstemmed | Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availability |
| title_short | Post-COVID-19 investor psychology and individual investment decision: A moderating role of information availability |
| title_sort | post covid 19 investor psychology and individual investment decision a moderating role of information availability |
| topic | psychological biases investment decision COVID-19 stock markets China |
| url | https://www.frontiersin.org/articles/10.3389/fpsyg.2022.846088/full |
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