Investment management and personality type
By C. Mayfield, Grady Perdue, Kevin C. Wooten. Financial Services Review, 2008
285 citations recorded by the source corpus.
We examine several psychological antecedents to both short-term and long-term investment intentions, with specific focus on the Big Five personality taxonomy. The effects of specific person- ality traits are evaluated using structural equation modeling (SEM). Our results indicate that individ- uals who are more extraverted intend to engage in short-term investing, while those who are higher in neuroticism and/or risk aversion avoid this activity. Risk adverse individuals also do not engage in long-term investing. Individuals who are more open to experience are inclined to engage in long-term investing; however, openness did not predict short-term investing. The implications of these findings are discussed.
Subfields: Accounting, Finance, General Decision Sciences
View Paper: https://www.semanticscholar.org/paper/2c1868a18175c115fa44b9a33811eb0b337c4e39
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Citations in the corpus
- Investors' Personality Influences Investment Decisions: Experimental Evidence on Extraversion and Neuroticism (2018, background): “[2015], Mayfield et al. [2008], and Barber and Odean [2001] that men behave basically different regarding”
- An Empirical Investigation for Determining of the Relation Between Personal Financial Risk Tolerance and Demographic Characteristic (2010, background): “…biological makeup, demographic and socioeconomic profile, personality type and psychological constructs are of primary importance when answering this question (Cesarini et al., 2008: 2; Filbeck et al., 2005: 177; Grable and Joo, 2000; Mayfield et al., 2008: 231; Schooley and Worden, 1996: 87).”