Influence of perceived past portfolio returns on investing decisions in Malaysia under the presence of behavioural biases and preferences for firm characteristics
General Material Designation
[Thesis]
First Statement of Responsibility
Mohammad Tariqul Islam Khan
Subsequent Statement of Responsibility
Siow Hooi, Tan; Lee Lee, Chong
.PUBLICATION, DISTRIBUTION, ETC
Name of Publisher, Distributor, etc.
Multimedia University (Malaysia)
Date of Publication, Distribution, etc.
2015
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
229
NOTES PERTAINING TO PUBLICATION, DISTRIBUTION, ETC.
Text of Note
Place of publication: United States, Ann Arbor; ISBN=978-1-369-45845-9
DISSERTATION (THESIS) NOTE
Dissertation or thesis details and type of degree
Ph.D.
Discipline of degree
Management
Body granting the degree
Multimedia University (Malaysia)
Text preceding or following the note
2015
SUMMARY OR ABSTRACT
Text of Note
Stockholding participation among retail investors in the Malaysian stock market has been low with a large number of inactive trading accounts. Stock market liquidity has been reduced; retail investors have lost their opportunities on stockholding premium and have ultimately held undiversified portfolios. To address these issues, this study investigates investors' preference for firm characteristics, optimism and overconfidence as potential determinants of their trading activity, financial risk taking, and asset allocation in the Malaysian stock market. The study then investigates the role of perceived past portfolio returns on investors' preferences for firm characteristics, optimism, overconfidence and investing decisions. Ultimately, the study investigates the mediating effects between perceived past portfolio returns and investing decisions. This study is more comprehensive as previous literature has only considered one of these determinants in investing decisions. This study also investigates the mediating channels between perceived past portfolio returns and investing decisions, which are empirically lacking in the literature.
TOPICAL NAME USED AS SUBJECT
Management; Economics; Finance
UNCONTROLLED SUBJECT TERMS
Subject Term
Social sciences;Behavioural biases;Firm characteristics;Investing decisions;Investment analysis;Stock market;Stockholding