Investors' monetary attitude and participation in the stock market with the presence of financial self-efficacy
Subject Areas : Financial and Behavioral Researches in Accounting
رضا منصوریان
1
*
,
Mahdieh Qasemi
2
1 - Department of Accounting and Finance, South Tehran Branch, Islamic Azad University, Tehran, Iran
2 -
Keywords: money attitude, financial self-efficacy, financial knowledge and risk attitude,
Abstract :
Finance is a combination of attitude, knowledge, skills and self-efficacy for making decisions and managing money that is best suited to a person's living conditions and in an enabling environment that includes, but is not limited to, access to financial resources. Therefore, the purpose of this research is to investigate the effect of investors' monetary attitude on participation in the stock market with the presence of financial self-efficacy. the statistical population of this research consists of managers and experts of investment companies in Tehran Stock Exchange, based on Cochran's formula, 384 people were questioned in the statistical population and were selected as a statistical sample. Based on the nature and method of data collection, the current research is a descriptive-correlational research and is applied in terms of purpose to examine the research variables, questionnaires of money attitude (Klontez et al. (2011), financial self-efficacy (Lon (2011), financial knowledge (Perry and Morris (2005)), risk attitude (Zhang et al. (2019)) based on a five-point Likert scale were used. Became and the results of hypothesis testing using structural equation method (SEM) and analysis by SmartPLS software show the confirmation of all presented hypotheses.
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