Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment Intentions

The present study intends to comprehend the stock market investment intention among individuals.   The purpose of the study is to assess the role of perceptive factors, including subjective norms, attitudes and perceived behavioural control, in relation to individual personalities and the theory of...

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Main Authors: C. Gautam, R. Wadhwa, T. V. Raman
Format: Article
Language:Russian
Published: Government of the Russian Federation, Financial University 2024-08-01
Series:Финансы: теория и практика
Subjects:
Online Access:https://financetp.fa.ru/jour/article/view/3059
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author C. Gautam
R. Wadhwa
T. V. Raman
author_facet C. Gautam
R. Wadhwa
T. V. Raman
author_sort C. Gautam
collection DOAJ
description The present study intends to comprehend the stock market investment intention among individuals.   The purpose of the study is to assess the role of perceptive factors, including subjective norms, attitudes and perceived behavioural control, in relation to individual personalities and the theory of planned behaviour.   In this regard, the study adopts a quantitative approach with the help of the PLS-SEM technique to predict relationships between variables. The responses were collected through a structured questionnaire from individuals with or without trading experience in the stock market. The key findings indicate a positive impact of perceptive factors on individual investment intentions. Furthermore, it was found that personality characteristics influence individual investment intentions, while gender and age moderately influence the relationship of intuitive factors and personality traits with investment intent. Overall, the study contributes to the individuals’ perception regarding Indian stock market investments. Hence, the findings are crucial for governments, investment businesses and financial intermediaries to propel stock market participation and investment.
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publishDate 2024-08-01
publisher Government of the Russian Federation, Financial University
record_format Article
series Финансы: теория и практика
spelling doaj-art-356fbf8375f0437cb0839146b06d723d2025-08-20T03:59:53ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892024-08-01284183210.26794/2587-5671-2024-28-4-18-321168Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment IntentionsC. Gautam0R. Wadhwa1T. V. Raman2Management Education and Research InstituteAmity Business School, AUUPBirla Institute of Management and TechnologyThe present study intends to comprehend the stock market investment intention among individuals.   The purpose of the study is to assess the role of perceptive factors, including subjective norms, attitudes and perceived behavioural control, in relation to individual personalities and the theory of planned behaviour.   In this regard, the study adopts a quantitative approach with the help of the PLS-SEM technique to predict relationships between variables. The responses were collected through a structured questionnaire from individuals with or without trading experience in the stock market. The key findings indicate a positive impact of perceptive factors on individual investment intentions. Furthermore, it was found that personality characteristics influence individual investment intentions, while gender and age moderately influence the relationship of intuitive factors and personality traits with investment intent. Overall, the study contributes to the individuals’ perception regarding Indian stock market investments. Hence, the findings are crucial for governments, investment businesses and financial intermediaries to propel stock market participation and investment.https://financetp.fa.ru/jour/article/view/3059personality traitsbig-fivetheory of planned behaviourinvestor behaviourstock market investment
spellingShingle C. Gautam
R. Wadhwa
T. V. Raman
Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment Intentions
Финансы: теория и практика
personality traits
big-five
theory of planned behaviour
investor behaviour
stock market investment
title Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment Intentions
title_full Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment Intentions
title_fullStr Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment Intentions
title_full_unstemmed Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment Intentions
title_short Role of Personality Traits and Perceptive Factors in Determining Stock Market Investment Intentions
title_sort role of personality traits and perceptive factors in determining stock market investment intentions
topic personality traits
big-five
theory of planned behaviour
investor behaviour
stock market investment
url https://financetp.fa.ru/jour/article/view/3059
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AT rwadhwa roleofpersonalitytraitsandperceptivefactorsindeterminingstockmarketinvestmentintentions
AT tvraman roleofpersonalitytraitsandperceptivefactorsindeterminingstockmarketinvestmentintentions