Generation Y investment decision: an analysis using behavioural factors

By Mahfuzur Rahman, S. Gan. 2020

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This study aims to investigate the behavioural factors that affect individual investment decisions among Generation Y in Malaysia.,Five human behaviours such as trait anger, trait anxiety, overconfidence, herding factor and self-monitoring have been examined using a sample of 502 respondents.,The results reveal that trait anxiety and overconfidence are negatively related to investment decisions while self-monitoring is positively associated. Trait anger and herding behaviour do not significantly affect investment decision. The results also show that investment decision-making is significantly distinct when examined by gender, employment status and income allocation. Among these three variables, the result shows that only self-employed individuals and those in the 5–10 per cent income allocation group are marginally positive vis-a-vis investment decision-making.,The outcomes of this study will expand investors' knowledge about the financial decision-making process.

Subfields: Accounting, Finance, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/413c1aca0a6cf9381aea361c27f428387f923df5