{"title":"投资特征对个人投资者财务绩效影响的探索性研究","authors":"Poompak Kusawat, Nopadol Rompho","doi":"arxiv-2311.00384","DOIUrl":null,"url":null,"abstract":"This exploratory study examines which investing characteristics determine\nsuccess in an equity market. Based on data from 403 respondents, exploratory\nfactor analysis results in 13 factors: middle/long time horizon, qualitative\nanalyst, open-minded/disciplined, organized, emotional stability, na\\\"ive,\ngrowth stock, concentrated portfolio, contrarian, value stock, globalized,\nintrinsic value, and price-independent. Multiple linear regression of\nindividual investors' excess return on these factors show statistically\nsignificant relationship. These results deepen our knowledge on what sort of\ninvesting characteristics are required to survive in equity markets.","PeriodicalId":501372,"journal":{"name":"arXiv - QuantFin - General Finance","volume":"10 1","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Impact of Investing Characteristics on Financial Performance of Individual Investors: An Exploratory Study\",\"authors\":\"Poompak Kusawat, Nopadol Rompho\",\"doi\":\"arxiv-2311.00384\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This exploratory study examines which investing characteristics determine\\nsuccess in an equity market. Based on data from 403 respondents, exploratory\\nfactor analysis results in 13 factors: middle/long time horizon, qualitative\\nanalyst, open-minded/disciplined, organized, emotional stability, na\\\\\\\"ive,\\ngrowth stock, concentrated portfolio, contrarian, value stock, globalized,\\nintrinsic value, and price-independent. Multiple linear regression of\\nindividual investors' excess return on these factors show statistically\\nsignificant relationship. These results deepen our knowledge on what sort of\\ninvesting characteristics are required to survive in equity markets.\",\"PeriodicalId\":501372,\"journal\":{\"name\":\"arXiv - QuantFin - General Finance\",\"volume\":\"10 1\",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-11-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"arXiv - QuantFin - General Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/arxiv-2311.00384\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"arXiv - QuantFin - General Finance","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/arxiv-2311.00384","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Impact of Investing Characteristics on Financial Performance of Individual Investors: An Exploratory Study
This exploratory study examines which investing characteristics determine
success in an equity market. Based on data from 403 respondents, exploratory
factor analysis results in 13 factors: middle/long time horizon, qualitative
analyst, open-minded/disciplined, organized, emotional stability, na\"ive,
growth stock, concentrated portfolio, contrarian, value stock, globalized,
intrinsic value, and price-independent. Multiple linear regression of
individual investors' excess return on these factors show statistically
significant relationship. These results deepen our knowledge on what sort of
investing characteristics are required to survive in equity markets.