Providing a prediction model for investment decision based on the individual characteristics of investors

Document Type : Original Article

Authors
Abdulrahman Erfanniya 1
hamid rostami jaz 2
Mehdi Dasineh 3
Hojatollah Salari 3
1 Ph.D. Candidate, Department of Accounting, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran.
2 Department of Accounting, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran.
3 Assistant Prof, Department of Accounting, Bandar Abbas Branch, Islamic Azad University, Bandar Abbas, Iran.
10.30495/jik.2024.77554.4526
Abstract
Investment decisions are very important for managing current needs and future goals, and individuals and families spend considerable time and resources on financial planning, and much research has documented the importance of such decisions. These studies show the importance of evaluating the impact of personality traits on investment decisions. This research aims to investigate the relationship between individual characteristics (including psychological characteristics, personality characteristics and risk-taking attitude) with investment decisions. The statistical population of this research is all investors. Considering the unlimitedness of the statistical population and considering Cochran's formula, 384 people were selected by available sampling method and the questionnaire was distributed among them. The content validity method was used to determine the validity of the questionnaires, and Cronbach's alpha coefficient was used to determine the reliability of the questionnaires, and the coefficients showed that the data collection tool has high reliability. In this research, SPSS software and SmartPls software were used for data analysis. The results of the present study showed that individual characteristics (including psychological characteristics, personality characteristics and risk-taking attitude) have a significant effect on investment decisions.
Keywords
Individual characteristics
psychological characteristics
personality characteristics
risk taking attitude
investment decisions
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