IDEAS home Printed from https://ideas.repec.org/a/ist/ibsibr/v52y2023i1p47-65.html
   My bibliography  Save this article

The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics

Author

Listed:
  • Abdulvahid Çavuşoğlu
  • İbrahim Ekşi

    (Gaziantep Üniversitesi)

  • Ahmet Şit

    (Malatya Turgut Özal Üniversitesi)

Abstract

The purpose of this study is to identify the behavioral tendencies of accounting and finance academics in participating in the stock market and to examine the impact of these behavioral tendencies on their participation in the stock market. Behavioral finance recognizes that investors do not act rationally. Investors are influenced by behavioral trends and socioeconomic factors in addition to risk and return factors. Although there are many behavioral tendencies, the most basic behavioral tendencies recognized in the literature are risk tolerance, self-confidence, herd behavior, and anchoring tendencies. Along with the above factors, the socioeconomic factors of the participants and their participation in the stock market were also examined. The surveys, which were conducted among a total of 403 academics in the field of accounting and finance, were analyzed using logistic regression and chi-square test. As a result of the analyzes conducted in this study, it was found that there is a relationship between behavioral tendencies and 8 socioeconomic factors and participation in the stock market. Moreover, it was found that demographic variables such as age, marital status, amount of savings and years of academic experience have a significant relationship with participation in the stock market.

Suggested Citation

  • Abdulvahid Çavuşoğlu & İbrahim Ekşi & Ahmet Şit, 2023. "The Relationship between Behavioral Tendencies and Stock Market Participation: A Study for Accounting and Finance Academics," Istanbul Business Research, Istanbul University Business School, vol. 52(1), pages 47-65, April.
    • Handle: RePEc:ist:ibsibr:v:52:y:2023:i:1:p:47-65
    DOI: 10.26650/ibr.2023.52.955732
    as

    Download full text from publisher

    File URL: https://cdn.istanbul.edu.tr/file/JTA6CLJ8T5/96BC6951A36F4064BFDFE7428D7D27D5
    Download Restriction: no
    File URL: https://iupress.istanbul.edu.tr/en/journal/ibr/article/the-relationship-between-behavioral-tendencies-and-stock-market-participation-a-study-for-accounting-and-finance-academics
    Download Restriction: no
    File URL: https://libkey.io/10.26650/ibr.2023.52.955732?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ist:ibsibr:v:52:y:2023:i:1:p:47-65. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Istanbul University Press Operational Team (Ertuğrul YAŞAR) (email available below). General contact details of provider: https://edirc.repec.org/data/isisttr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.