Analysing the behavioural, psychological, and demographic determinants of financial decision making of household investors.

ABSTRACT: Adding to the behavioural science domain, the principal idea behind the study is to investigate the impact of an array of behavioural, psychological, and demographic factors on financial decision making. The study utilizes a structured questionnaire to collect the opinions of 634 investors using a blend of random and snowball sampling techniques. The partial least squares structural equation modelling has been used to test hypotheses. PLS Predict has been applied to estimate the out-of-sample predictive power of the proposed model. Finally, the multi-group analysis has been applied to assess the differences across gender. Our findings attest the relevance of digital financial literacy, financial capability, financial autonomy, and impulsivity on financial decision making. Additionally, fin

SUBMITTER: Kumar P 

PROVIDER: S-EPMC9922930 | biostudies-literature | 2023 Feb

REPOSITORIES: biostudies-literature