A study on the effect of emotional intelligence on retail investors’ behavior
Investment decisions are normally accomplished based on fundamental or technical methods. However, there are many cases where investors make their investment decisions based on their emotions. This study investigates the effects of various factors including biases representation, mental accounting a...
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| Format: | Article |
| Language: | English |
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Growing Science
2014-01-01
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| Series: | Management Science Letters |
| Subjects: | |
| Online Access: | http://www.growingscience.com/msl/Vol4/msl_2013_372.pdf |
| _version_ | 1819094800983392256 |
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| author | Reza Pirayesh |
| author_facet | Reza Pirayesh |
| author_sort | Reza Pirayesh |
| collection | DOAJ |
| description | Investment decisions are normally accomplished based on fundamental or technical methods. However, there are many cases where investors make their investment decisions based on their emotions. This study investigates the effects of various factors including biases representation, mental accounting and risk aversion when an investment decision is executed. In other words, the study examines the effects of emotional intelligence components on retail investors’ investment strategies on Tehran Stock Exchange (TSE). The proposed study selects a sample of 270 investors who had some experiences on TSE randomly and using a questionnaire based survey detected that there was a positive and meaningful relationship between emotional intelligence and investment decisions. |
| first_indexed | 2024-12-21T23:33:10Z |
| format | Article |
| id | doaj.art-89b3fb4fc7dc48c5a89e255cab44ffc4 |
| institution | Directory Open Access Journal |
| issn | 1923-9335 1923-9343 |
| language | English |
| last_indexed | 2024-12-21T23:33:10Z |
| publishDate | 2014-01-01 |
| publisher | Growing Science |
| record_format | Article |
| series | Management Science Letters |
| spelling | doaj.art-89b3fb4fc7dc48c5a89e255cab44ffc42022-12-21T18:46:27ZengGrowing ScienceManagement Science Letters1923-93351923-93432014-01-0141434810.5267/j.msl.2013.11.037A study on the effect of emotional intelligence on retail investors’ behaviorReza PirayeshInvestment decisions are normally accomplished based on fundamental or technical methods. However, there are many cases where investors make their investment decisions based on their emotions. This study investigates the effects of various factors including biases representation, mental accounting and risk aversion when an investment decision is executed. In other words, the study examines the effects of emotional intelligence components on retail investors’ investment strategies on Tehran Stock Exchange (TSE). The proposed study selects a sample of 270 investors who had some experiences on TSE randomly and using a questionnaire based survey detected that there was a positive and meaningful relationship between emotional intelligence and investment decisions.http://www.growingscience.com/msl/Vol4/msl_2013_372.pdfTehran Stock ExchangeBias representsEmotional intelligenceRisk aversion |
| spellingShingle | Reza Pirayesh A study on the effect of emotional intelligence on retail investors’ behavior Management Science Letters Tehran Stock Exchange Bias represents Emotional intelligence Risk aversion |
| title | A study on the effect of emotional intelligence on retail investors’ behavior |
| title_full | A study on the effect of emotional intelligence on retail investors’ behavior |
| title_fullStr | A study on the effect of emotional intelligence on retail investors’ behavior |
| title_full_unstemmed | A study on the effect of emotional intelligence on retail investors’ behavior |
| title_short | A study on the effect of emotional intelligence on retail investors’ behavior |
| title_sort | study on the effect of emotional intelligence on retail investors behavior |
| topic | Tehran Stock Exchange Bias represents Emotional intelligence Risk aversion |
| url | http://www.growingscience.com/msl/Vol4/msl_2013_372.pdf |
| work_keys_str_mv | AT rezapirayesh astudyontheeffectofemotionalintelligenceonretailinvestorsbehavior AT rezapirayesh studyontheeffectofemotionalintelligenceonretailinvestorsbehavior |