Has financial attitude impacted the trading activity of retail investors during the COVID-19 pandemic?

By Manish Talwar, Shalini Talwar, Puneet Kaur, N. Tripathy, Amandeep Dhir. Journal of Retailing and Consumer Services, 2020

243 citations recorded by the source corpus.

Financial attitude influences the financial behavior of retail investors. Although the extant research has acknowledged and examined this relationship, the measures of financial attitude and behavior still vary widely and are generally posed as a series of questions rather than statements. In addition to this, there is insufficient knowledge regarding retail investors' behavior in the face of a health crisis, such as the current COVID-19 pandemic. This study addresses these gaps in the prior literature by examining the relative influence of six dimensions of financial attitude, namely, financial anxiety, optimism, financial security, deliberative thinking, interest in financial issues, and needs for precautionary savings, on the trading activity of retail investors during the pandemic. Data were collected from 404 respondents and analyzed using the artificial neural network (ANN) method. The results revealed that all six dimensions had a positive influence on trading activity, with interest in financial issues exerting the strongest influence, followed by deliberative thinking. The study thus contributes important inferences for researchers and managers.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/e081b149ed07f159235f5c3248c81658a51229a0

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In Accounting

  1. Usama Awan
  2. Amandeep Dhir
  3. Shalini Talwar

In Economics and Econometrics

  1. Usama Awan
  2. Amandeep Dhir
  3. Shalini Talwar

In Finance

  1. Amandeep Dhir
  2. Shalini Talwar

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