The effect of the information channel on the investment decision: The bull and bear market and investment experience as a moderator

IF 2 4区管理学 Q3 BUSINESS

Australian Journal of Management Pub Date : 2023-07-21 DOI:10.1177/03128962231184659

Nesrin Koç Ustali, A. Kaya, Hasan Emin Gürler, Naci Buyukdag

引用次数: 0

Abstract

This study aims to examine the factors affecting the decisions of investors. For this, the effect of the information channels (Telegram, Twitter, friend/peer, brokerage house and investors’ research), the investors’ experience and the bull and bear market effect on investment attitude and intention were investigated. Also, the investors’ experience and the bull and bear market effect were applied as moderators in the research. An experimental research method was used, and three studies were designed. According to research results, information channels significantly affected investors’ decisions and differed from each other. In addition, the attitudes and intentions towards information channels differ regarding investors’ investment experiences. While individuals that have experience are prone to invest more based on their research, potential investors rely more on information channels that provide private messaging. G1, G4

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信息渠道对投资决策的影响：牛市和熊市以及作为调节因素的投资经验

本研究旨在考察影响投资者决策的因素。为此，研究了信息渠道（Telegram、Twitter、朋友/同行、经纪公司和投资者研究）、投资者经验以及牛市和熊市效应对投资态度和意图的影响。此外，投资者的经验和牛市和熊市效应也被用作研究的调节因素。采用实验研究方法，设计了三项研究。研究结果表明，信息渠道显著影响投资者的决策，且信息渠道之间存在差异。此外，投资者对信息渠道的态度和意图因投资者的投资经历而异。虽然有经验的个人倾向于根据他们的研究进行更多投资，但潜在投资者更多地依赖提供私人信息的信息渠道。G1，G4

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Australian Journal of Management Multiple-

CiteScore

10.60

自引率

4.20%

发文量

期刊介绍： The objectives of the Australian Journal of Management are to encourage and publish research in the field of management. The terms management and research are both broadly defined. The former includes the management of firms, groups, industries, regulatory bodies, government, and other institutions. The latter encompasses both discipline- and problem-based research. Consistent with the policy, the Australian Journal of Management publishes research in accounting, applied economics, finance, industrial relations, political science, psychology, statistics, and other disciplines, provided the application is to management, as well as research in areas such as marketing, corporate strategy, operations management, organisation development, decision analysis, and other problem-focuses paradigms.