{"title":"Personality and Emotional Biases","authors":"Sezen Güngör, Engin Demirel, N. Küçün","doi":"10.4018/978-1-5225-7399-9.CH008","DOIUrl":"https://doi.org/10.4018/978-1-5225-7399-9.CH008","url":null,"abstract":"Over the past decades, Cloninger et al. have developed a biosocial model of personality based on four temperaments and three characteristics. This multidimensional psychobiological model of personality presents in the temperament and character inventory – revised (TCI-R) form. Temperament subscales are novelty seeking (NS), harm avoidance (HA), reward dependence (RD), and persistence (P), and character subscales are self-directedness (SD), cooperativeness (CO), and self-transcendence (ST). The study has been used in different disciplines of science, especially in psychology. Behavioral finance is one of these disciplines of science. TCI is frequently used, especially for investor biases. In this chapter, TCI is used to examine the relationship between investor biases and personality. The first three chapters are about personality. Personality, personality approaches, and personality measurement methods examined in these sections. In the fourth part, emotional biases in financial investment decisions searched. In the fifth part, literature studies showing the relationship between personality and financial decisions included. Finally, a field survey is conducted, and findings are revealed.","PeriodicalId":426019,"journal":{"name":"Behavioral Finance and Decision-Making Models","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133082628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Credit Rating and Its Interaction With Financial Ratios","authors":"Shraddha Mishra, Reenu Bansal","doi":"10.4018/978-1-5225-7399-9.CH014","DOIUrl":"https://doi.org/10.4018/978-1-5225-7399-9.CH014","url":null,"abstract":"Credit rating evaluates credit worthiness of corporate and securities issued by government. It provides investors with unbiased reviews and opinion about the credit risk of various securities. The main aim of the chapter is to identify the relationship between the financial ratios and rating symbols. The sample of 158 firms is taken into consideration that discriminates best ratings given by credit rating firms. In order to examine the variability in ratings issued by various rating agencies, the time period of eight years starting from April 2009 to March 2017 has been selected. The study employed the multinomial logistic regression model to explain the relationship among the variables. The analysis suggests that variables such as debt to equity ratio, profit after tax, returns on capital employed, and return on net worth are those having the highest impact on ratings and thus there is also discriminating power among Indian rating agencies.","PeriodicalId":426019,"journal":{"name":"Behavioral Finance and Decision-Making Models","volume":"63 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114358223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An Impact Assessment of Goods and Services Tax in India Through Strategic Analysis Approach (SAA)","authors":"Tripti Tripathi, M. Dash","doi":"10.4018/978-1-5225-7399-9.CH015","DOIUrl":"https://doi.org/10.4018/978-1-5225-7399-9.CH015","url":null,"abstract":"This chapter focuses on the need, requirements, implementation, challenges, and impact of the goods and services tax on the Indian economic scenario. The major stakeholders in the process are the Government of India (GOI), the individual states, the industry, the businesses, and the biggest tax reform since independence of India in 1947. Often considered as overdue, it seeks to remove the various shortcomings and the loopholes in the existing system of indirect taxation in the country. The GST bill saw more than a decade of political and economic upheaval in the country. Subsequently, it became an act on 8th September 2016. The various strategic analysis approach (SAA) of the GST mechanism (e.g., SWOT analysis, value chain analysis, PEST analysis, and SAP-LAP analysis) give an in-depth account of the various issues and potential challenges in the implementation of the GST.","PeriodicalId":426019,"journal":{"name":"Behavioral Finance and Decision-Making Models","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130712345","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Behavioral Finance vs. Traditional Finance","authors":"Sinem Derindere Köseoğlu","doi":"10.4018/978-1-5225-7399-9.CH001","DOIUrl":"https://doi.org/10.4018/978-1-5225-7399-9.CH001","url":null,"abstract":"This chapter explored the development of behavioral finance theories from the traditional finance theories in detail. Traditional financial theory has assumed that investors are perfectly well-informed in making financial decisions for many years. However, the reality shows that these assumptions are not valid, especially over the last two decades. It is observed that investors exhibit irrational behaviors by acting with emotions even if they are well-informed. Because of the awareness of the importance human psychology in investment decisions, behavioral researchers have advanced their research in this direction. Thus, behavioral finance theories have been developed with this in mind.","PeriodicalId":426019,"journal":{"name":"Behavioral Finance and Decision-Making Models","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132046358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}