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The role of personality traits in investors trading behaviour: empirical evidence from Greek

Author

Listed:
  • Dimitrios Kourtidis
  • Prodromos Chatzoglou
  • Zeljko Sevic

Abstract

Purpose - The purpose of this paper is to examine whether, and to what extent, specific personality traits drive investors’ trading behaviour. Design/methodology/approach - This study investigates these assumptions in an innovative way by employing an integrated model and using structural equation modelling analysis to examine them simultaneously as they would occur in the complex real world environment. Findings - The results provide strong evidence that these personality traits influence investors’ trading behaviour and stock trading performance. The most powerful relationships are found to be those between over-confidence and stock trading volume, frequency and performance. Originality/value - To the best of the authors’ knowledge there is no any similar study. This paper is the authors’ original unpublished work and it has not been submitted to any other journal for reviews.

Suggested Citation

  • Dimitrios Kourtidis & Prodromos Chatzoglou & Zeljko Sevic, 2017. "The role of personality traits in investors trading behaviour: empirical evidence from Greek," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 44(11), pages 1402-1420, November.
    • Handle: RePEc:eme:ijsepp:ijse-07-2014-0151
    DOI: 10.1108/IJSE-07-2014-0151
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    Citations

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    Cited by:

    1. John R. J. Thompson & Longlong Feng & R. Mark Reesor & Chuck Grace, 2021. "Know Your Clients’ Behaviours: A Cluster Analysis of Financial Transactions," JRFM, MDPI, vol. 14(2), pages 1-29, January.
    2. Shakira MUKHTAR & Anisa JAN, 2023. "Decoding financial literacy's mediating role: analyzing the influence of biopsychosocial indicators on financial satisfaction and risk tolerance among millennial investors," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(637), W), pages 219-242, Winter.

    More about this item

    Keywords

    Behavioural finance; Trading activity; Trading behaviour; Model analysis; D14; G10; G11; O16;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance

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