Investment Attitudes Research Articles

An Empirical Analysis of Motivating Factors Behind Purchase of Gold Investment

This study is based on a sample of 613 respondents chosen using judgement cum convenience sampling to understand the gold-buying behaviour of individual investors. The paper attempts to explore the various attributes that investors consider important while investing in gold. Six underlying factors of importance are extracted, namely, family and cultural influence, diversification properties, safe haven properties, financial security, wealth preservation and liquidity. The influence of family and culture is evident from the results, with buying at weddings and festivals being a major reason to purchase gold, followed by investment purposes. Furthermore, the attitude of investors towards the imposition of taxes and tariffs on gold by the government is found to be negative, which could adversely affect investment in gold. Taking the findings into consideration, regulatory authorities could devise strategies to formulate a comprehensive gold policy to help gold contribute more to the exchequer instead of adversely affecting the current account.

CARBON ACCOUNTING INFORMATION DISCLOSURE AND INVESTORS’ ATTITUDES TOWARDS INVESTING IN NIGERIAN ECONOMY

Users of financial reports of companies have shifted their interest from only profitability to efforts of enterprises in addressing environmental problems, global climate change, carbon reduction, and their vision for green development. Business stakeholders particularly investors are more interested in investing their funds in enterprises that demonstrate commitment to de-carbonization and reduction of harmful effects of their operation on society and reporting. Reporting/disclosure is an issue in Nigeria where Carbon Accounting Information Disclosure (CAID) is voluntary. The voluntary disclosure has generated doubts about whether it has impacted on investors' attitudes to commit their funds to enterprises in the Nigerian economy. The aim of this study there is to examine the impact of CAID on the attitudes of investors to invest in enterprises in Nigeria. Data for the study were collected primarily through a questionnaire administered to a sample of investors in corporate enterprises in Nigeria. Analysis of the data was done through Partial Least Square Structural Equation Modeling (PLS-SEM). Results indicated that the disclosure has a positive and significant impact on investors' attitudes toward investing in enterprises in the Nigerian economy. The study recommended that the government should by legislation make CAID compulsory in Nigeria, especially for those enterprises whose activities have a direct impact on the environment and society.

The Dual Leverage and Mechanism of ESG Information Disclosure on Investor Behavior

Abstract: With the global emphasis on sustainable development, ESG information disclosure has become a key factor for investors to assess corporate value and risk. The academic value of this paper lies in an in-depth analysis of the reverse effect, which is not mentioned in most literature. It stands from the perspective of investors' investment purposes and interests, the attitudes of long-term investors who desire sustainable development and short-term investors who only care about immediate returns in a short period when facing ESG information disclosure. On the other hand, there are negative impacts on investors due to reasons such as government policy standards or the level of corporate ESG information disclosure itself, which may also prevent investors from achieving their expected goals, leading to investment risks and ultimately investors may flow out of the company. At the same time, some external factors can also lead to a dual leverage effect, such as the economic slowdown caused by the pandemic.

A Study of Consumer Awareness and Investor Attitude toward Mutual Fund and SIP

Our study looked into what people know about mutual funds and SIPs and how they feel about investing in them. We asked questions and talked to different people to find out what they think. We found that some people know a lot about these investments, while others don't know much. People's feelings about investing in mutual funds and SIPs varied, too. Some liked the idea because it can help grow their money, while others were worried about losing money or found it too complicated. We also found that many people don't invest because they don't understand or are afraid of the risks involved. To help more people invest, we suggest making information easier to understand and helping people feel more comfortable with investing. Our study gives important insights for anyone trying to make investing easier and more accessible to everyone. In conclusion, our study sheds light on the different perspectives people have on mutual funds and SIPs. It highlights the importance of breaking down barriers to investing and making financial opportunities more inclusive for all. By addressing these challenges, we can empower more people to take control of their financial futures and make informed decisions about their money. Key Word: Mutual Funds, SIPs, Investments, Financial Opportunities.

Comparative Analysis of Financial Forecasting Techniques in Machine Learning for Netflix Stock Price Prediction

Abstract - In the stock market, predicting the price of stocks is still a hot research issue. One of the most challenging tasks in the field of computation is prediction of the stock market. The prediction depends on a number of variables, including physiological vs. Physical elements, rational vs. irrational investor behavior, investor attitude, market rumors, etc. All these factors work together to make stock values unpredictable and very challenging to predict accurately. Supervised Machine Learning (SML) algorithms is used to predict future value by using past stock price data. ML approaches have the ability to reveal trends and knowledge that hadn't previously noticed, and they can be used to predict that are incredibly accurate. The primary objective of this project is to predict stock prices of Netflix for analyzing profit on day closing. Data was gathered between the years of 2002 and 2022, and separated into two parts: training set and testing set. Only the testing portion is to be used for the final forecast. Four machine learning algorithms such as linear regression, decision tree, MLP, and KNN are used to forecast the close value of the Netflix stock price. This project's output adds to the body of knowledge on predicting stock prices and offers investors some new information for accurate prediction of stock prices.

Nhân tố ảnh hưởng đến thái độ sử dụng dịch vụ AI trong đầu tư chứng khoán của các nhà đầu tư thiếu kinh nghiệm

Using the partial least squares Structural Equation Modelling (SEM) on primary data collected from surveys of 466 inexperienced investors in Vietnam during September and October 2023, our study explores the factors that influence investor attitudes towards the use of AI services in six distinct tasks within the stock investment process. The results indicate that perceived usefulness, subjective norms, and trust significantly affect these investors’ attitudes towards AI use in stock investments. However, the perceived ease of use impacts only the tasks that involve straightforward processing. Based on these findings, we recommend that financial service providers tailor their product development strategies to attract potential customers in this emerging market.

The factors influencing the selection of fund management companies by Malaysian retail investors in the context of islamic unit trust funds

The purpose of this study is to analyze the impact of fund management companies' past performance, fees, perceived religiosity, and perceived risk on Malaysian Muslim investors' attitude toward them. The moderating effects of investor risk aversion, price sensitivity, religiosity, and Islamic financial literacy are considered. A model based on the unified theory of acceptance and use of technology is built to analyze the impact of the variables considered. The study data were collected using a survey of 550 Malaysian retail investors. Our findings show that Muslim investor attitudes are negatively affected by the perceived risk of a fund management company and positively affected by a fund management company's perceived religiosity and past performance. Moreover, the perceived religiosity impact is positively moderated by an investor's Islamic financial literacy and negatively moderated by the investor's price sensitivity. Practical implications of the results and avenues for further investigation in future research are discussed.

The Link between Family Financial Socialization in Adulthood and Investment Literacy of P2P Investors

AbstractThis paper examines how family financial socialization in adulthood is linked to the development of investment literacy among individual family members within the context of innovative financial services, specifically peer-to-peer (P2P) lending. Our findings revealed that P2P lending investors engage in a moderate level family financial socialization suggesting that family, as a key financial socialization agent in childhood and adolescence, maintains its role in adulthood. Additionally, such investors possess a high-level investment knowledge, skills, and attitudes. Explicit family financial socialization has a significant and positive effect on the individuals’ investment knowledge, skills, and attitudes, while the effect of implicit financial socialization is significant but negative for knowledge and attitudes. Such findings suggest that family discussion among adult members result in higher, while observations of family members’ investment behavior led to lower investment literacy. Our study found no significant moderating effect of the strength of social ties indicating that dynamics of family relations neither strengthen nor weaken proximal socialization outcomes. The analysis of differences across demographic groups unveiled statistically significant distinctions concerning respondents’ gender, income, and education. These results provide important insights for stakeholders, underscoring the significant role family socialization in adulthood plays in shaping individuals’ investment literacy, particularly of those investing on P2P lending platforms.

An Empirical Review of Capital Structure Decision-Making

The capital structure reflects the proportional relationship between a company's debt and equity, indicating the company's ability to repay debt and refinance. The quality of the capital structure determines the company's future profitability and development trend, serving as an indispensable indicator of the company's financial situation. However, with approximately 70 million companies in the global market, their scales and operating conditions vary in stability and growth. Additionally, their financial and asset structures differ significantly and are subject to macroeconomic fluctuations every year. The risk preferences and attitudes of managers and investors in every enterprise are subjective and affect the development plan of the enterprise. Moreover, tax and fiscal policies in different countries and regions also influence the capital strategies of enterprises. Furthermore, after a successful listing, the capital structure of the enterprise undergoes fundamental changes, diversifying the sources of funds and experiencing new changes in operating models, which is beneficial to the future operational planning and financial strength of funds. Nevertheless, not all companies that go public are beneficial to their development, such as Huawei, Heinz Group, Koch Industrial Group, etc., due to changes in capital structure after going public being detrimental to future corporate profits. Hence, the capital structure of enterprises in different countries, regions, or types of scale needs to be tailored to local conditions. Enterprises should analyze specific situations to establish a more reasonable capital structure with the aim of optimizing company operations.

Risk Attitudes and Personality Traits Among Investors in Funds

How do an investor’s thoughts and feelings influence their behavior? Financial institutions must assess the risk attitudes of investors to ensure investors are being recommended appropriate financial products. This study is a further examination into whether risk attitudes are correlated with personality traits and to determine the risk attitudes of investors from different backgrounds. The risk attitudes of investors were examined according to the Big Five personality traits. Investor personality traits were linked to their investment decisions and risk attitudes. Differences in risk attitudes between investors from different backgrounds were also explored. A questionnaire survey was administered. Investors with fund investment experience were recruited. Correlations were observed between the Big Five personality traits and risk attitudes. Extroversion, agreeableness, conscientiousness, and openness to new experiences were positively correlated with risk attitudes, and neuroticism was inversely correlated with risk attitudes. These results indicated direct relationships between the Big Five personality traits and risk attitudes. This study also revealed significant differences in risk preferences between gender, marital status, discretionary budget, fund investment experience, and risk profile. The study results provide a broader reference for establishing investment risk profile charts that integrate personality traits into behavioral finance models in financial practices.

Инвестиционные аттитюды и отношение к экономической политике российских предпринимателей

Economic transformations caused by the sanctions policy of Western countries require changes in the activity and attitudes of Russian entrepreneurs. The aim of the research is to study the investment atti-tudes of Russian entrepreneurs taking into account their attitude to the current economic policy and personal attitudes. The study involved 217 representatives of small and medium-sized businesses (with the number of employees in the company from 10 to 500 people) aged 25 to 60 years. The methodological toolkit included a scale multifactorial “Questionnaire of Attitudes towards Economic Policy” (assuming assessments both at the macrosocial and personal levels), an express investment preference’s questionnaire and socio-demographic variables. The study was conducted in May 2023 using the “Anketolog” online survey service. According to the results the motivational portrait of an entrepreneur who is ready to help the state with financial investments in new territories, there is the satisfaction with their income, in addition to a positive attitude towards the current state economic policy. The correlates of investing in shares and other securities are financial literacy, economic optimism and strong-willed activity.

Evaluating the feasibility of constructing shopping centers on urban vacant land through a spatial multi-criteria decision-making model

Shopping centers are among the major economic and commercial places in cities in terms of social function, urban sustainability, environment, etc. Therefore, it is crucial to determine suitable locations for building new shopping centers. In this regard, urban vacant lands can be considered as high-potential locations to transform the urban landscape and enhance socio-economic development. The main purpose of this study is to assess the potential of urban vacant lands based on a spatial multi-criteria decision-making (SMCDM) system for building shopping centers in 22 districts of Tehran. In this study, first, 16 effective spatial criteria for locating the new shopping centers were identified using expert opinions and a literature review. The best-worst method (BWM) and the Min/Max method were used to calculate the weight and standardized values of each criterion. Then, the ordered weighted averaging (OWA) method was used to prepare a potential map of urban vacant lands for the construction of a shopping center under different decision-making scenarios, including very optimistic, optimistic, intermediate, pessimistic, and very pessimistic. Finally, the spatial distribution of potential locations in the 22 districts of Tehran was investigated. The results showed that among the different criteria, the distance from the highway networks and distance from public transportation stations had the most weight, whereas the distance from fault and distance from stream networks had the least weight. The number of vacant lands with a very high potential for building a shopping center in Tehran based on very pessimistic, pessimistic, intermediate, optimistic and very optimistic scenarios was obtained at 29, 95, 105, 122, and 224, respectively. An increase in the degree of optimism in the attitude of decision-makers or investors increased the number of available options in the very high potential category. Under all scenarios, all vacant lands in 10 of Tehran’s 22 districts with very high potential for building shopping centers. The results of the proposed model in this study can be useful and practical for a wide range of planners, decision-makers, and investors with different mental attitudes and risk tolerance. Close attention to these results can contribute to achieving sustainable urban development.

The Study on Investors Attitude towards Mutual Funds as an Investment Avenue

There are several investment options available. We would categorise or put them into groups to make our lives simpler. There are many different investing opportunities in India. Some of them are liquid and marketable, while others cannot be liquidated. Some of them are also very dangerous, while others are essentially risk-free. Depending on his individual needs, risk preferences, and expectations, the person must select Proper Avenue from among them. Some investment options, such as PPF, NSC, post office savings, government securities, equity share market, life insurance, corporate bonds, and debentures, can be generally categorised. A mutual fund is a business model where many participants combine their money towards a common financial objective. The proceeds from the capital market investments made with the funds obtained are distributed to the owners of the different assets. The UTI Act laid the groundwork for the mutual fund industry in India by effectively creating a small savings division under the RBI. Due to the reasonable growth and favourable returns delivered to investors over a 25-year period, public sector banks and financial institutions were given permission to float mutual funds in 1989, and their success encouraged the government to allow the private sector to participate in this market.

The Assessment of Investment Habits Among College Students

The purpose of the research project is to look into college students’ financial practises. College Students’ investment preferences, practices, and attitudes towards various investment possibilities will be investigated in this study. With an emphasis on understanding college students’ financial habits in terms of their investment choices, risk tolerance, investment goals, and awareness of various investment possibilities, the research will be carried out through surveys and data analysis. The results of this study will advance knowledge of college students’ investment practises and offer guidance to financial institutions, educators, and regulators as they build plans and initiatives to encourage young investors to make responsible financial decisions.The project will investigate the elements-such as financial literacy, familial history, and investment knowledge-that affect college students’ investment choices. Additionally, the study will look at college students’ levels of knowledge and comprehension of the risks associated with investing as well as how they view the advantages and disadvantages of various investment options. The findings of this study will offer insightful information about college students’ investment practices, which may be utilized to create specialized financial education programs and investment methods to assist nascent investors in making wise financial decisions.

Customers’ Awareness towards Post Office Schemes –A Study in Erode City

Post office saving system provides depositors an access to bank, a safe and convenient method to save money and to promote saving. Investment culture refers to the attitude, awareness and institutions in placing their savings in various financial assets. One of the major investments done here is on advertising. To remain competitive in the market it is necessary to understand and to influence the behavior of the investor. Behavior of the investor is influenced by many factors like return, safety, liquidity, convenience etc. The banks provide loans to retailers and wholesalers for their inventory. The study attempted focusing the attitude of investors on post office saving scheme, various schemes provided through post office, level of awareness of investors in post offices schemes.

Does investor attitude toward carbon neutrality affect stock returns in China?

As climate risk becomes a severe problem, carbon neutrality is attracting the attention of both government and residents, and whether attitude toward carbon neutrality affects the stock market needs to be investigated. Investor attitude was measured by the search frequency and news attention from the Baidu Index. Using a comprehensive daily dataset of Chinese listed firms, the evidence showed that stock prices positively respond to investor attitude. Due to higher exposure on social media, stock turnover rates significantly increased, but institutional ownership significantly decreased. However, stock liquidity hardly improved, suggesting that the firms' fundamental performance was weakly driven by more attention. Moreover, stock returns rose in response to positive news and decreased in response to negative news. Besides, the attention had a larger effect on stocks with higher trading value. The results were robust when using an instrumental variable and an alternative measure. This paper provided suggestions for listed companies and investors. Investor attitudes would increase the stock returns, but the main role was to hype hot concepts. Attention was a double-edged sword, and firms needed to improve their competitive strength when positive attention was high.

DETERMINANTS OF THE INVESTMENTS IN PHOTOVOLTAIC MICRO-INSTALLATIONS BY INDIVIDUAL USERS IN POLAND

Aim:The paper’s objective is to determine the behavior and attitudes of Polish investors and users towards photovoltaic installations in Poland. Methods: The survey was carried out by ARC Rynek i Opinia (the Institute of Opinion and Market Research), commissioned by the company Alians-OZE, which, as part of the cooperation between business practice and science, made the results of the research available to the authors of this paper. The study was carried out in April 2021 using the CAWI technique. Results: The most important advantage of using photovoltaic micro-installations included factors such as using a source of free energy and independence from electricity price increases. The most important disadvantages were the high price of installation and the period of return on investment. Conclusions: The individual users of photovoltaic micro-installations, due to their activities in the green energy market as prosumers, not only increased the amount of renewable energy available, but also increased the social awareness of the benefits of such solutions. Therefore, it is important to promote as part of the pro-ecological policy, as well as the measures aimed at promoting this renewable energy source among individual users.

Internal and External Factors Influencing Rural Households’ Investment Intentions in Building Photovoltaic Integration Projects

Building integrated photovoltaics (BIPV) contributes to promoting green and low-carbon transformation in rural areas. In order to better guide rural households to invest in BIPV projects and promote the goal of “carbon neutrality” in China’s building sector, this study integrates the theory of planned behavior (TPB), the social cognitive theory (SCT), and the PEST analysis framework. It constructs a theoretical model from the perspective of “External Factors-Internal Psychology-Investment Intention” to investigate rural households’ investment intentions toward BIPV projects and their influencing factors. Basic data were collected from 488 valid questionnaires from rural households in Henan Province, and the theoretical model was empirically tested using structural equation modeling. The results show that the model constructed from both internal and external factors effectively explains rural households’ investment intentions (II) toward BIPV projects (R2 = 0.89), with investment attitude (IA) being the strongest psychological motivation leading to their II. All four external factors—policy, economic, social, and technological—positively influence II with diminishing effects. Additionally, the policy factor has the most significant effect on IA, while the economic factor has a more prominent effect on perceived behavioral control (PBC), and the technological factor has a relatively weaker effect on the two psychological factors. Furthermore, the four external factors indirectly influence investment intentions through the two psychological factors of IA and PBC, with the mediating effect of IA being higher than PBC. Based on the findings, this study proposes effective suggestions to enhance rural households’ investment intentions toward BIPV projects.

Socio-economic Groups and Investment Pattern Income Below 5,00,000 in Ghaziabad City

Nowadays, the investment companies have emerged as the most advanced component in Indian financial market. Reforms in the Indian economic system and the opening up of the economy have been the purpose for the tremendous growth in the Indian capital market. This study examine the impact of socio-economic variables on the attitude of investors towards investments. Every individual investor wants to get higher returns from the savings/amount they invest in different financial investment options. Referring on individual income and their different lifestyles pattern, different income groups invest their money accordingly. This study invеstigatеs thе lеvеl of awarеnеss among diffеrеnt sеgmеnts of investors, across a divеrsе spеctrum of invеstmеnt possibilitiеs. It еxaminеs how demographic factors such as agе, еducation and occupation, affеct invеstors' knowlеdgе about diffеrеnt options and highlight the potеntial shortcomings and opportunitiеs for financial awareness initiativеs. To achieve this, 100 respondents of Ghaziabad city, from different socio- economic profiles were surveyed. The result also focus that certain factors like gender, awareness about the investment avenues, age of investors etc. make significant impact while determining the investment patterns of investors. Further, it is observed that status of income also influences the investment decisions.

UNDERSTANDING GUJARAT'S INVESTOR ATTITUDES TOWARDS LIFE INSURANCE FIRMS

Life insurance plays a crucial role in providing financial security and protection to individuals and their families. It serves as a safety net, offering coverage in the event of unexpected circumstances such as death, disability, or critical illness. One of the key benefits of life insurance is its ability to provide financial stability and support to dependents, ensuring that they can maintain their standard of living and meet financial obligations even in the absence of the primary breadwinner. Additionally, life insurance serves as a valuable investment tool, offering opportunities for wealth accumulation and long-term financial planning. This study investigates the attitudes of investors in Gujarat towards life insurance firms, aiming to provide insights into their perceptions and preferences within the insurance sector. A sample size of 150 investors was targeted for comprehensive analysis, utilizing a mix of demographic variables such as age, gender, and education level. The research objectives include analysing investors' attitudes towards life insurance firms and exploring any potential associations between demographic profiles and these attitudes. Findings indicate that investors in Gujarat generally express satisfaction with the quality of customer service provided by life insurance firms, perceive clarity of information about policies, and report ease of access to information and assistance. Interestingly, no significant associations were found between demographic profiles and attitudes towards life insurance firms, suggesting uniform perceptions across different demographic groups. Overall, this study sheds light on the importance of understanding investor attitudes in shaping the strategies and services offered by life insurance firms in Gujarat.