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Personality, Financial Self-Efficacy and Investment Decisions: the Role of Need for Cognition and Individual Moods

Thesis Info

Access Option

External Link

Author

Husnain, Baqir

Program

PhD

Institute

International Islamic University

City

Islamabad

Province

Islamabad.

Country

Pakistan

Thesis Completing Year

2019

Thesis Completion Status

Completed

Subject

Business Education

Language

English

Link

http://prr.hec.gov.pk/jspui/bitstream/123456789/10703/1/Baqir%20Husnain_Finance_2019_PRR.pdf

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676724919170

Similar


Using theories from personality psychology and the theory of planned behavior, this study investigated those personality variables and psychological mechanisms through which individual investor intends to make investment decisions. The main purpose of this study was to examine the relationship between big five personality traits (Extroversion, Neuroticism, Conscientiousness, Openness to Experience and Agreeableness) and Investment decisions (Short term and long term). This study also examined the moderating effects of need for cognition, individual mood and mediating effects of financial self efficacy between the study variables. Data was collected from 506 individual investors by using a questionnaire. Investors were selected from Pakistan Stock Exchange. Mediation analysis was performed using Hayes (2013) PROCESS macro in SPSS. Results of the study supported a positive relationship between openness to experience, extraversion and short term investment decision. Similarly a positive relationship existed between neuroticism, conscientiousness and long term investment decisions. The results from bootstrapping supported the mediation hypothesis and financial self-efficacy mediated the relationship between agreeableness, openness to experience and short term investment decision. Further the results also supported the mediating effect of financial self-efficacy between neuroticism, conscientiousness and long term investment decision. To test the moderation hypotheses step-wise regression analysis techniques were used. The results confirmed the moderating effect of need for cognition for extrovert & neurotic investors on financial-self efficacy. The result of the study also supported the modrating role of mood on short term investment decisions. In conclusion this study has made an integrated attempt to examine the combined effect of personality, cognition and mood on an individual’s short and long term investment decisions. Drawing on the findings we discussed some implications for the policy makers including investment marketers, investment advisors and offered an advice to investors in addition to discussing some limitations and future directions
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لال سلام

لال سلام

تاریخ سو پردوں کو چیر کر بھی سچ بولا کرتی ہے

تاریخ ہمیشہ مظلوم کے ساتھ کھڑا رہتی ہے

 

المحاسبة الإدارية فـي القـرآن الكـريم مـن خلال قصة يوسـف عـليه السلام: دراسة تأصيلية مقارنة

تناولت الدراسة قضية المحاسبة الإدارية فـي القـرآن الكـريم مـن خلال قصة سيدنا يوسـف عـليه السلام، وأثرها عـلى عـلم المحاسبة الإدارية بصورة خاصة وعـلوم الإدارة بصورة عامة، وتهدف الدراسة إلى بيان أقوال المفسرين والفقهاء قديمـا وحديثا مـع ذكر أقوال عـلمـاء متخصصي المحاسبة الإدارية وربطها بقصة يوسـف عـليه السلام فـي صورة عـلمية توضح أبعاد مقاصد القـرآن الكـريم الذي يجمـع جميع العـلوم المختلفة. واستخدم الباحث المـنهج الإستقرائي المقارن، وتوصلت الدراسة إلى مجموعة مـن النتائج أهـمها: أظهر يوسـف قدرته فـي إدارة أزمة سنين القحط التي أصابت مصر ومـا حـولها بصورة مثالية فريدة مـن نوعها فـي ذلك الوقت، حتى جعـل أهل مصر مـا رأينا ملك أفضل مـنه. ومـن أهـم التوصيات: يوصي الباحث طلاب العـلوم الإدارية ومديري الإدارات فـي مسيرتهـم المهنية أن يكون قدوتهـم فـي ذلك سيدنا يوسـف عـليه السلام.

Energy Charter Treaty Ect : Challenges and Prospects for Pakistans Energy Trade and Security

Energy is one of the fundamental inputs to economic growth in a modern world. Therefore, energy security is pivotal especially for the developing countries such as Pakistan. Due to deficiency in indigenous energy resources and consumer base, Pakistan has to rely on imported natural gas. Natural gas trade has several dimensions, which may correlate with domestic as well as cross-border energy transactions, by means of bilateral or multilateral agreements. The relationship among the trading partners and geopolitical situation raise complexity in the agreements that may halt the potential trade volumes. This is evident in the case of Pakistan, which cannot import natural gas even though; it faced huge economic loss due to energy shortages.Energy Charter Treaty (ECT) is an international, inter-governmental legal treaty, enforceable among the energy producing, transit and the consuming states. It postulates a systemic process covering legal and commercial aspects of energy trade. Trade openness is justified in the present time of multifaceted challenges of terrorism and conflicts wherein, the global peace can be achieved not only through deterrence, regional supremacy and non-interference into other states‘ affairs, but also through permanent international peace efforts, economic inter-dependence and cooperation. Therefore, energy cooperation among the states may fortify economic, social, political integration and prosperity. Cooperation among nations can be enriched through cross-border economic pacts, and integration by applying liberalization of economic policies and the energy trade inter se states. The institutional coordination may serve as a crucial catalyst in this regard. However, various past studies shows that energy security in Pakistan deficiency, specifically in natural gas sector, relies on international-trans-border energy trade with legal commitment and security. Historically, it is evident that economic agreements may not only get the states closer, but may also strengthen trust thus, improving the inter-states‘ peace-orientation and conflict management. It greatly fosters total economic gain and prosperity of the nations. In this dissertation, case study of Turkmenistan Afghanistan Pakistan India (TAPI) Gas Pipeline—as a Peace Pipeline, among the contracting states of ECT permanent members and observers has been analyzed with a conclusion that it will resolve common disputes, but may also contribute towards building economically stronger the countries ofSouth Asia and Central Asian. It has also been analyzed on the well-established research touchstones that in order to address energy deficiency in Pakistan, the legal, regulatory and commercial regime of the country may be harmonized with ECT‘s regime, which may not only mitigate the challenges and hurdles in securing energy transit for Pakistan but may also ensure invulnerable energy supply to Pakistan for the greater good of its generations to come