Impact of Overconfidence Bias on Investor’s Investment Decisions: the moderating role of Religiosity
DOI:
https://doi.org/10.51239/nrjss.vi.308Keywords:
Investment decisions, Overconfidence Bias, religiosity, PLS-SEMAbstract
This study examined the level of psychological factors (overconfidence) that affect investor decision-making processes. The main purpose of the current study is to explore the impact of psychological factors on investor decision-making. To achieve this goal, this study used measurement and design of a separate study. Research Survey has been used to collect data. Questionnaires are still being distributed to individual investors and stockholders in Pakistan. Smart PLS-SEM 3 was used for data analysis. It has been found that overconfidence has a major impact on investor investment decisions. In addition, it is investigated that religiosity has a significant and positive impact on investors’ investment decisions. Moreover, it is also found that overconfidence has a positive and significant impact on investors’ decisions with the moderating role of religiosity. In particular, the current study participated in investigating the moderating impact between overconfidence bias and decision-making by investors. The findings of the present study may be very important in gaining a better understanding of investor behavior and may apply to academics and practitioners.
Downloads
Published
Issue
Section
License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution (CC-BY) 4.0 License that allows others to share the work with an acknowledgment of the work’s authorship and initial publication in this journal.
Article Views: 521
PDF Downloads: 359