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Type of publication: research article
Type of publication (PDB): Straipsnis kitose duomenų bazėse / Article in other databases (S4)
Field of Science: Ekonomika / Economics (S004)
Author(s): Kartašova, Jekaterina;Levišauskaitė, Kristina
Title: Investavimo patirties įtaka individualių investuotojų elgsenai ir jų priimamiems sprendimams finansų rinkoje
Other Title: Influence of investment experience to behavior of individual investors and their decisions made in financial market
Is part of: Organizacijų vadyba : sisteminiai tyrimai. Kaunas : Vytauto Didžiojo universiteto leidykla, 2012, T. 61
Extent: p. 25-42
Date: 2012
Keywords: Elgsenos finansai;Iracionali elgsena;Individualūs investuotojai;Investavimo sprendimai;Investavimo patirtis;Behavioral finance;Irrational behavior;Individual investors;Decision-making;Investment experience
Abstract: Straipsnyje nagrinėjama, kaip investuotojų patirtis yra susijusi su jų elgsena ir kokią įtaką investavimo patirtis gali turėti jų priimamiems investavimo sprendimams. Autorės atliko individualių investuotojų tyrimą Lietuvoje, kuriuo siekė atskleisti skirtingos investavimo patirties investuotojų elgsenos panašumus ir skirtumus bei įvertinti sąryšį tarp investuotojų investavimo patirties ir jų priimamų investavimo sprendimų racionalumo
In the paper the results of the research of Lithuanian individual investors are presented with the purpose to assess if their investment experience could influence their investment behaviour and decision made in Lithuanian financial market. Authors pursue to discover the similarities and differences between behaviour of experienced investors and investors-beginners and to investigate the possible relationship between the investment experience and irrationality of their investment decisions. The purpose of the research is to identify the connection between the Lithuanian individual investors’ experience, their behaviour and decisions made in the financial market. Authors of the paper made an assumption, that individual investors’ experience could influence their behaviour and investment decisions. In order to investigate the current situation on Lithuanian financial market, 2 hypothesis are formulated: H1: With the increase of investment experience, investors’ decisions become more rational. H2: Risk aversion is typical for investors with longer investment experience. With the intent to check these hypotheses and evaluate the influence of investors’ experience to their decisions and behaviour, research of Lithuanian individual investors was held by the authors of this paper. In order to collect necessary data, authors constrained closed-end questions anonymous questionnaire, tested it during the pilot research, modified it after the evaluation of data collected during the pilot research in order to make it more understandable and attractive for potential respondents - actively trading individual investors of Lithuania. The final questionnaire was divided into 3 major parts: (1) identification of the respondent as investor; (2) investors’ situation evaluation and behaviour preferences; (3) investors’ personal identification. [...]
Affiliation(s): Finansų katedra
Vytauto Didžiojo universitetas
Appears in Collections:Organizacijų vadyba: sisteminiai tyrimai / Management of Organizations: Systematic Research 2012, nr. 61
Universiteto mokslo publikacijos / University Research Publications

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